Democratic Lawmakers Propose Biden Cancel Up To $50K In Student Loans | NBC News NOW

Democratic lawmakers including Sen. Schumer, Sen. Warren, Rep. Pressley, and Rep. Omar introduced their proposal for the Biden administration to cancel up to $50,000 in student debt. The lawmakers hailed the proposal as a positive for American business and correcting financial injustice posed against minorities.
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Democratic Lawmakers Propose Biden Cancel Up To $50K In Student Loans | NBC News NOW

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47 thoughts on “Democratic Lawmakers Propose Biden Cancel Up To $50K In Student Loans | NBC News NOW

  1. Ohh,excuse me.Welcome to life!!!!!Bunch of snot nosed lil bratts!!!!! Here's my proposal!!!!!I don't wanna pay my fkn mortgage!, maybe I should protest.You "kids" chose this and made a commitment to pay your loan back!;Why the fk do hard working people like myself have to pay for your lack of commitment??? Quit catering to these fkn idiots!!!!!!!!! Look who's pushing for it. DEMOCRAPS

  2. Pres. Biden, fix K-12 first. This proposal to pay off debt will decrease the value of higher education. Or assist vocational schools instead to make better useful citizens.

  3. hmmm; [Biden can repay Black Americans through canceling our student debt] What repay Black Americans because they voted for Slow Mow Joe Biden the democrat? Is that not illegal?
    [Black college graduates have an average of $52,726 in student debt, compared to $28,006 for white students. A $10,000 student loan forgiveness would wipe out one-third of the burden of the average white debtor] The question is why do Black students are more than white? No one explained why?

  4. A long time a goe AFRICAN SLAVES were promised 40 acres 2 miles, that was more than 100 years. If you believe this your a sucker. Kwame ture said we have to change the system ther not going to give up power.

  5. Money off the backs of the middle class who worked their whole life and couldn't afford college themselves. Lets pay for all those liberal art degrees. Keep biting the hand that feeds the nation.

  6. Biden is not in favor of cancelling debt. Ayayay… Let’s see what happens. I definitely want college to be cheaper. It’s basically for the rich here in MA.

  7. Can we be financially responsible and present something that will help future generations. Like creating standard and Free 4yr College/Higher education. The problem with student loan is the deregulation of College cost/fees. College is a choice, so if you wish to go to Princeton/Stanford and take on high loans, then it's your choice, the government should not just write a one time blank check(~1Trillion dollars) for temporary relief.

  8. Biden, says he can't support paying for education at elite schools, like there billions of dollars of outstanding loans to those schools, Buffy and Mutton don't have loans to those schools…..He cutting off first generation college students to keep them in a lifetime circle of debt. You go Mr. President, big banking and predatory loans are 100 percent behind you, Same thing Hillary said, why is it so hard for the left to elect someone to help the students.

  9. I cant stand the squad. Omar is a lying anti-semite. Pressley wont ever stop lying and calling people racists for no reason. If my dog was that ugly and shave it's backside and teach it how to walk backwards.

  10. Someone with a bachelors degree earns on average an extra $26,000 per year more than someone just out of high school. Forgiving student loans is a subsidy to the rich. I have a friend who graduated medical school with well over $100k in student loans but he makes well over $100k a year. Should we subsidies someone making over $100k per year? Why should public funds be used to subsidies those with the highest earning potential?

  11. Found an article on Yahoo finance:

    Senate Majority Leader Chuck Schumer (D-NY) and Senator Elizabeth Warren (D-MA) issued a joint statement asserting that an "ocean of student loan debt is holding back 43 million borrowers and disproportionately weighing down Black and Brown Americans. Cancelling $50,000 in federal student loan debt will help close the racial wealth gap, benefit the 40% of borrowers who do not have a college degree, and help stimulate the economy. It’s time to act. We will keep fighting.”

    This is the stupidest thing ever spoken😂😂🤔

  12. I'm so glad Biden is the president that stepped up to back up all of his promises…

    1. Covid Plan? – Check, we'll just do what Trump's team did while blaming him for Covid. Easy-peeeeeezy
    2. Student debt forgiveness? – Check, well, we can't. Sorry young voters, we lied to you, as Dems often do
    3. Racial Injustice – Check, BLM for what? We'll just stop highlighting these issues on CNN now that the evil Trump is out of office and we won

    Yeah, really good job America. So far Biden/Kamala have done everything that was expected of them – which is nothing. You wanted to vote for Kamala because of her gender and color, not merit. You wanted Biden because he wasn't Trump.

    So far all we have gotten is an impeachment trial (loss) for a President who was no longer in office. And this is your progress?

    Good stuff

  13. Biden on cancelling $50,000 in student debt: 'I will not make that happen' ,,,,, he got elected and he has a comfort mind, now is time for him to ignore all of his promises that he gave during the election time. Typical politicians.

  14. These people need to only gave out loans to people who can pay it back. 100K for a future doctor or computer scientist make sense. 100k for an art major….not so much.

  15. Joe Biden will never do this. Why? Because he cares about corporate, elitist America, and not the citizens. I bet if the heads if the teachers union wanted it he would do it

  16. Lol, first off parents need to stop telling or forcing their kids to achieve higher education. Especially if your major has nothing or does nothing to contribute towards the helping of the world. Why should rich people pay your tab.
    Lastly it's extremely funny for anyone voting for Biden just thinking he was going to wipe a major part of your school debt lol wow.

  17. We should only forgive debt from PUBLIC universities. Forgiving loans for private schools is just more subsidizing the rich.

  18. Well he just announced that he's not actually going to do this. OMG, that means he lied to you! BUYERS REMORSE anyone? SUCKERS

  19. What about those who took the responsibility and worked hard to pay off their loans? Do they get their money back? This is irresponsible. It is teaching our future generation to not take responsibility.

  20. If Biden does not forgive some of the student loans ( he was campaigning with it) I will be voting for Rebublicans for the rest of my life.

  21. I have been responsible and paid off my loan. Will I get $50,000? Will the new generation of children get $50,000 for college so that they'll know they have that option when they make college decisions? Why are financially irresponsible people being rewarded? How about those people who did not go to college because they couldn't afford it and did not want to be in debt? Everyone has debt in this country (ie: mortgage) and deserves $50,000. A better solution is to cancel or lower the interest rate of the loans.

  22. If they don't give me $50,000 for my mortgage, then no student should get $50,000. If your complaining, work a second or third job.

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