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

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.

Related:

• Despite SCOTUS Ruling, Biden Regime Forgives Another $4.8 Billion in Student Debt Bringing Total that Taxpayer Burden to $132 Billion
• Supreme Court Rules AGAINST Student Loan Bail-Out Hand-Out
• Despite Supreme Court Ruling, Biden’s Rogue Regime Cancels $39 Billion In Student Loan Debt
• Biden To Extend Student Loan Payment Pause
• Biden’s Student Loan Handout Struck Down By Federal Judge
• US Appeals Court BLOCKS Biden’s Student Loan Debt Giveaway
• Constitutional Crisis: Biden’s Student Loan Handout Could Cost $400 Billion, Congressional Budget Office Reports
• Student Loan Cancellation Part of the Fundamental Radical Transformation
• Biden Regime Cancels Federal Student Loans, Adding BILLIONS More To The National Debt, Increasing Inflation

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…..