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Student Loans Poof Gone (abcnews.go.com)

posted 1 year ago by mitmont123 1 year ago by mitmont123 +18 / -0

Biden administration begins canceling student loan debt for 804,000 borrowers

The Biden administration is canceling student loan debt for 804,000 borrowers who qualify under income-driven repayment plans but haven't received it because of errors

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– mjs001 1 point 1 year ago +1 / -0

The majority of assets on the government balance sheet is student loans receivable. Once those start getting cancelled, the financial situation of the US becomes extremely dire very quickly. As in default levels of dire.

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