Well, I'm not surprised at the number of people in the thread saying it's good news, given the trend of this forum. Good thing there are those with knowledge:
Especially this part:
Age group Amount owed Number of borrowers
50 to 61 $282 billion 6.4 million
62 and older $98 billion 2.4 million
This type of policy penalizes those who do well and rewards those who do poorly. Those who paid their student loans are now aggravated because Biden is going to pay for part of the party for the cicadas. In other words, two twin brothers studied the same degree and got into the same amount of debt. At the age of 60, one has long since paid off his student loans and has built up a good net worth, while the other has not only not paid off his student loans, but has many other loans because of his spending habits, among them regular parties with hookers and cocaine. But for the latter the state is coming to save him, lol.
Besides, without so much government intervention with student loans, college prices would not be so high and students would not need so many loans.
It is a typical example of politicians offering a bad solution to a problem that they have created and that only makes it worse.
This is nothing more than a campaign tactic for Biden seeing as it's election time.
Really? I would never have imagined it.