It’s official. President Biden announced on Wednesday a new student loan forgiveness plan that would wipe out significant amounts of debt for tens of millions of Americans. He said the long-awaited plan would erase $10,000 in debt for those earning less than $125,000 per year (or $250,000 for households) and $20,000 for recipients of Pell Grants — for students with the greatest financial need.
The debt relief — which was delivered after years of pressure and heated debates — comes just weeks before the midterm elections. “An entire generation is now saddled with unsustainable debt in exchange for an attempt, at least, at a college degree,” Mr. Biden said in his remarks at the White House. “The burden is so heavy that even if you graduate, you may not have access to the middle-class life that the college degree once provided.”
Immediately, the topic took over the internet with anyone and everyone offering their opinions on the matter. And a brief scroll through Twitter made one thing clear — responses to the news have been all over the place. Although the plan is a game-changer for those trapped in a cycle of staggering debt, certain people online were quick to denounce the plan.
Below, we at Bored Panda wrapped up some of the reactions people shared online to Republicans criticizing the move, from the sarcastic to the sincere. Continue scrolling and upvote the ones you agree with the most. Then let us know where you land on this topic, we’d love to hear your thoughts in the comments!
President Biden announced on Wednesday his long-awaited student loan forgiveness plan that will wipe out up to $10,000 in debt for borrowers and up to $20,000 for Pell Grant recipients
The internet immediately erupted with reactions, here’s what people had to say
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