I spent some time on Twitter this morning, saving a few items related to President Biden's student debt forgiveness plan, announced Wednesday, that struck my fancy.
The plan would cancel up to $10,000 in federal student loan debt for borrowers who earn less than $125,000 per year, or under $250,000 for married couples who file jointly. Those who received Pell grants, federal aid for lower-income students, could see up to $20,000 in forgiveness.
The graphic at the top is part of the Biden administration's spin on the proposal. Others just gathered here and there from the shockingly liberal crew I follow on that social medium.
I had student loans, too, way back when --- at a time when the costs of education at a public university in Iowa were far more manageable. Of course I also had provident parents, income from black Angus cattle and, once home from Vietnam, veteran benefits.
I paid the loans back myself, sure --- but it was a relatively painless process involving relatively little money in an entirely different time.
So I'm happy about the forgiveness plan, pleased with the investment in the futures of so many (for the most part) young people.
Our Republican friends are out there now squawking and flapping their wings about the plan. Were the money headed for their constituents --- megabusiness, megafarms, megachurches and the like --- the song and dance would be far different.
Grassley, for example, has collected some $368,000 in public funds for various farm-related disaster and subsidy payments during the last 20 years or so. Haven't heard him call that unfair.
No comments:
Post a Comment