Feel free to remove if not sufficiently related to politics.
This is the best summary I could come up with:
A borrower can qualify for the forgiveness if they’re enrolled in the administration’s Saving on a Valuable Education (SAVE) repayment plan and “have been making at least 10 years of payments, and have originally taken out $12,000 or less for college,” a White House fact sheet said.
As an example, the fact sheet said, “a borrower enrolled in SAVE who took out $14,000 or less in federal loans to earn an associate’s degree in biotechnology would receive full debt relief starting this week if they have been in repayment for 12 years.”
“I’ve heard from countless people who have told me that relieving the burden of their student loan debt will allow them to support themselves and their families, buy their first home, start a small business, and move forward with life plans they’ve put on hold,” the email says.
Education Secretary Miguel Cardona told reporters Tuesday that the forgiveness will happen automatically and brings the total amount of student debt canceled by the Biden administration to nearly $138 billion for nearly 3.9 million borrowers.
“These are historic efforts that reflect the president’s commitment, again, to deliver as much relief as possible to as many borrowers as possible as quickly as possible,” he said.
“Bottom line is this: We’re providing real, immediate breathing room on an unacceptable reality where student loan payments compete with basic needs, like putting food on the table and accessing health care.”
The original article contains 437 words, the summary contains 236 words. Saved 46%. I’m a bot and I’m open source!
Can’t wait for the first person to come in here and spout some bullshit like “buT whAt iS biDen DoiNg aBouT gaZa?” Like he can single handedly stop Israel. He’s been working for weeks on Israel to recognize a Palestinian state and to stop the violence and they’ve been ignorant to any compromise. Israel is going to genocide with or without our help.
Can we just take this win and encourage more financial relief for younger generations?
I particularly like the type of idiots that say they won’t vote for Biden because of this. Trump will be far worse on this, but that’ll show Biden!
Single issue voters need a slap.
I’d gamble if trump were president we’d be bombing Gaza right now. Like, directly, US sorties.
And probably Ukraine too. Then when WWIII starts, we would likely team up with China and Russia to defeat NATO and help them reunite with all of their lost territories.
