Biden Affirms: I Will Eliminate Your Student Debt

Biden reaffirmed his commitment to broad student loan forgiveness at a town hall in Miami on Tuesday.

In response to a question from a young person concerned about student loan debt and a lack of economic opportunity, Biden responded, You get all these degrees and you get all this debt, and you get in a position where you can t get a job because no one is hiring, or they re hiring at very low wages… I m going to eliminate your student debt if you come from a family [making less] than $125,000 and went to a public university. Biden also said, I m going to make sure everyone gets $10,000 knocked off of their student debt in response to economic hardships caused by the pandemic.

Biden further proposed giving young people a $15,000 credit towards a downpayment on their first home. This is how people accumulate wealth, he said. This is how people get started. We have to recognize you and advance you. You are the future.

via www.forbes.com