Biden student loan scam

 Fox News:

President Joe Biden is today expected to announce a student loan handout plan that would essentially use taxpayer money to pay off up to $10,000 of student debt per borrower making under $125,000 per year.

That means Americans may be footing a nearly $300 billion bill if Biden goes through with the reported plan — plus extends a repayment pause to next year.

The nation's federal student debt now tops $1.6 trillion after ballooning for years. More than 43 million Americans have federal student debt, with almost a third owing less than $10,000 and more than half owing less than $20,000, according to the latest federal data.

The U.S. federal debt is projected to nearly double the size of the economy by 2051, slowing economic growth and raising the risk of a fiscal crisis, the Congressional Budget Office said in late July, as FOX Business reported.

Many hardworking, play-by-the-rules Americans have diligently paid off their student loans as a matter of personal responsibility. They believe in taking care of their obligations; for them, it was and is the right thing to do.

"In general, I am skeptical of what the government does," Bruce Paulson of North Carolina told Fox News Digital this week, "and I would be highly skeptical of the government forgiving all or part of a student loan."
...

When students are unable to pay off their student loans it tells you that they made a poor investment of their time and money in going to certain colleges.  It is one of the reasons that fewer people are going to college now.  Some colleges just are not worth what they are charging.

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