Read the story here. Advertise at Before It's News here.
Profile image
By Atlas Shrugs (Reporter)
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

Biden Regime Announces $7.4 BILLION Student Debt Cancellation Just Ahead of Upcoming Presidential Election

% of readers think this story is Fact. Add your two cents.

The Democrat destroyers have just added another r7.5 billion taxpayer dollars to the  privileged student loan bail-out whose brains have been destroyed by their university re-educations.

As it stands now, our crippling debt is insurmountable. t the federal government has spent more on paying interest on the national debt than on the military in fiscal year 2024. Interest expenses alone incurred from the more than $34 trillion national debt totaled $440 billion in the first six months of FY2024 – an increase of $133 billion, or 43%, from the first half of FY2023.

Now the Democrats are transferring the debt of the anti-American woke ‘educated’ to hardworking American victims of the Democrat autocracy.

This despite the Supreme Court ruling that the Biden administration cannot go forward with their student loan debt handout program.

Where are the checks and balances on the outrageous tyrannical power grab?

Hard working Americans are forced to fund the poisonous indoctrination that has destroyed young American minds and brought this country to brink of ruin.


Biden Administration Announces $7.4B Student Debt Cancellation

By: OAN, April 12, 2024:

The Biden Administration has announced they are canceling an additional $7.4 billion in student loan debt just ahead of the upcoming presidential election.

Biden said the latest student loan forgiveness plan will target an estimated 277,000 borrowers across America, with the national debt topping $34.5 trillion.

The president praised his Saving on a Valuable Education (SAVE) plan, which came after the Supreme Court (SCOTUS) stopped Biden’s student loan forgiveness plan.

“These 277,000 borrowers are enrolled in my administration’s SAVE Plan, or were approved for relief because of fixes we made to Income-Driven Repayment Plans and Public Service Loan Forgiveness,” Biden said in a news release. “From day one of my administration, I promised to fight to ensure higher education is a ticket to the middle class, not a barrier to opportunity.”

Additionally, Biden said he will promise to “never stop” working to cancel student debt, which took a shot at Republicans who have been in opposition of student loan repayment plans.

“Republican elected officials across 18 states want to prevent their own constituents from benefiting from the SAVE plan,” White House Press Secretary Karine Jean-Pierre said. “They want to end SAVE and make their constituents’ monthly payments go up and keep them under mountains of loan debt with no end in sight.”

“The president will continue fighting to give people more breathing room and using every tool at his disposal to help borrowers.”

According to the Department of Education (DOE), it said that the new plans would wave built up and capitalized interest for millions of borrowers, automatically discharge debt for borrowers, and eliminate student debt for borrowers in repayment for 20 years or more.

Additionally, the plans are also there to help those enrolled in low-financial-value programs, and assist borrowers who experience hardship in repaying their loans.

Continue reading…..


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.