Student loan debt cancellation

Student loan debt cancellation

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Donald Trump Jr. says Biden’s student-loan forgiveness plans will force workers who didn’t go ‘to college to get drunk for four years’ to pay for ‘worthless gender study degrees’

According to, Donald Trump Jr. slammed Biden’s plans to cancel student debt in comments to The Washington Post. He said the plans will bail out those with “worthless gender study degrees.” Republicans are ramping up criticism of debt forgiveness as Biden comes closer to making a decision.

student loan or the debts may be owed to the school (or the bank) if the student has dropped classes and withdrawn from the school, or if the student

A student loan is a type of loan designed to help students pay for post-secondary education and the associated fees, such as tuition, books and supplies…


According to, If you qualify for forgiveness, cancellation, or discharge of the full amount of your loan, you are no longer obligated to make loan payments. If you qualify for forgiveness, cancellation, or discharge of only a portion of your loan, you are responsible for repaying the remaining balance.

According to, Student loan cancellation won’t be available to everyone Even if you have federal student loans owned by the government, it’s unlikely that more than 40 million student loan borrowers will qualify…

According to, Canceling student debt could be of particular benefit to lower-income borrowers, especially women and people of color. An academic paper in 2020 maintained that the “median wealth for Black…

According to, The Committee for a Responsible Federal Budget estimates that canceling all federal student loan debt would cost roughly $1.6 trillion, canceling $50,000 per borrower would cost between $675…

According to, We’ve previously estimated that cancelling all federal student debt would cost the same as the outstanding value of the loans, which is currently $1.6 trillion. Cancelling up to $50,000 of debt per borrower would cost around $950 billion and cancelling up to $10,000 would cost roughly $245 billion.

According to, The Department of Education has canceled a total of $1.5 billion in student loan debt for nearly 92,000 students, who were victims of for-profit college fraud, since President Joe Biden took office.

According to, Biden supports $10,000 of student loan forgiveness for borrowers, but has never indicated any willingness to support up to $50,000 of student loan cancellation as Warren and Sen. Chuck Schumer (D …

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