US Politics | What did Joe Biden say about student loans during his campaign?


Wed, 22 Dec 2021 18:33:00 +0000
DURING Joe Biden's 2020 presidential campaign he spoke often about student debt relief. Joe Biden is the 46th US president and was previously the VP under the Obama administration. 960President Joe Biden has promised student debt relief to many since his presidentialAFP or licensors During his run for president during 2020 Joe Biden made many promises regarding student debt relief. During his campaign, President Biden had pledged to cancel at least $10,000 of student debt per person. This promise is published on his Medium page where he wrote about congress moving to help with the CARES Act. The ...immediate cancellation of a minimum of $10,000 of student debt per person... was originally proposed by Senator Elizabeth Warren. Most read in US News KILLER COP Ex-police officer found guilty over Daunte Wright death & faces 25yrs in prison PRIME TIME Dozens of Amazon workers walk out to demand better treatment during holiday rush HIGHWAY HELL 'Up to 100 cars and semi-trucks' involved in huge pileup on icy interstate TRAGIC END Chimp beaten to death by first apes she'd met after being raised by humans EXXON EXPLOSION Huge blaze at Texas oil refinery declared 'major accident with injuries' GRIM FIND Family of 7 die from carbon monoxide poisoning in home, medical examiner says During Biden's speech on his economic recovery plan on November 16, 2020 he said student debt was holding people back. ... 'Student debt is ' holding people up,... Biden said. ...They're in real trouble. They're having to make choices between paying their student loan and paying the rent.... On March 22 2020, the president also tweeted about forgiving $10,000 of student debt. ...Additionally, we should forgive a minimum of $10,000/person of federal student loans, as proposed by Senator Warren and colleagues. Young people and other student debt holders bore the brunt of the last crisis. It shouldn't happen again,... he wrote. 960AFP or licensors President Biden has provided student debt relief to some, but the majority will need to resume payments soon '/ ' When do student loan payments resume? On Wednesday, December 22, 2021, the Biden administration announced an additional pause on student loan payments. The federal student loan payment hold has been extended until May 1, 2022. "We know that millions of student loan borrowers are still coping with the impacts of the pandemic and need some more time before resuming payments," Biden said in a statement. Previously, loans were expected to resume in February of 2022. ...On Aug. 6, 2021, the U.S. Department of Education announced a final extension of the student loan payment pause until Jan. 31, 2022.... Most borrowers have not had to make any payments on student loans since March 2020. Biden has provided certain eligible borrowers with student debt relief, but the majority have not received that relief. Who has received student debt relief? In November 2021 Forbes reported that some people received $715 Million in student loan forgiveness under the new program expansion. Forbes reported that in October 2021, Biden and his administration had expanded the loan forgiveness program. ...The Biden administration announced a new expansion of the Public Service Loan Forgiveness (PSLF) program, which can wipe out the federal student loan debt for borrowers after 10 or more years of qualifying public service employment for nonprofit or public organizations,... they wrote. The Education Department announced on October 6, 2021 that under the Limited PSLF Waiver program, the administration will temporarily relax some of the PSLF program requirements. We pay for your stories! Do you have a story for The US Sun team? Email us at exclusive@the-sun.com or call 212 416 4552. Like us on Facebook at www.facebook.com/TheSunUS and follow us from our main Twitter account at @TheSunUS

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What did Joe Biden say about student loans during his campaign?

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