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The School Loan Victory Today Exposed an Obvious Truth About The Rich
Rich People Want To Keep The Poor From Getting Ahead
Today, it was Christmas. President Biden forgave millions of dollars in student loan debt.
According to CNN:
The amount of debt canceled depends on whether the borrower received a Pell grant to attend college. A federal Pell grant is only given to undergraduate students who “display exceptional financial need and have not earned a bachelor’s, graduate, or professional degree” and “does not have to be repaid, except under certain circumstances,” according to the Department of Education’s Federal Student Aid office. Per data cited by the White House, Pell grants currently only cover a third of the cost of a four-year public college degree, which has led to increased borrowing.
Individual borrowers who make less than $125,000 yearly and married couples or heads of households who make less than $250,000 yearly will have up $10,000 of their federal student loan debt forgiven if they did not receive a Pell grant as an undergraduate student, per the FSA website.
So how do borrowers get their school loans forgiven?
Nearly 8 million borrowers may be able to receive debt…
