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Response to George II (Original post)

Thu Aug 19, 2021, 01:08 PM

5. Canceling it all ain't happening, but if it did, whoa.

If he canceled all student debt the boon to the economy would be incredible

Right now they're in rules committees in the DoE and they're likely going to implement better options to pay back. Specifically Biden wanted them to reduce the pay as you earn option from 10% of disposable income to 5%. Basically, your gross earnings minus 1.5 times the poverty income rate. This will half payments, and if they increase that 1.5 to 2.0 or 2.5 will more than halve payments.

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Arrow 27 replies Author Time Post
George II Aug 2021 OP
WhiskeyGrinder Aug 2021 #1
George II Aug 2021 #3
WhiskeyGrinder Aug 2021 #4
George II Aug 2021 #6
WhiskeyGrinder Aug 2021 #7
George II Aug 2021 #10
WhiskeyGrinder Aug 2021 #12
USALiberal Aug 2021 #15
LanternWaste Aug 2021 #16
USALiberal Aug 2021 #17
LanternWaste Aug 2021 #19
USALiberal Aug 2021 #20
LanternWaste Aug 2021 #21
USALiberal Aug 2021 #22
LanternWaste Aug 2021 #23
George II Aug 2021 #18
WhiskeyGrinder Aug 2021 #24
George II Aug 2021 #25
WhiskeyGrinder Aug 2021 #26
George II Aug 2021 #27
Aristus Aug 2021 #2
LineReply Canceling it all ain't happening, but if it did, whoa.
Johnny2X2X Aug 2021 #5
George II Aug 2021 #8
Johnny2X2X Aug 2021 #9
JoanofArgh Aug 2021 #11
MichMan Aug 2021 #13
USALiberal Aug 2021 #14
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