In 2020 I voted against Trump, in 2024 I'm voting for Biden.

$9 billion for 125k borrowers is $72000 per borrower

Would be nice if they would vanish the 40k in loans I have that I've been paying on since the Obama years. I've paid in far beyond the total amount I ever borrowed, while the compound interest just added it all back over the years. Progress has been very slow for me to pay that off, started payments with about 50k loans, after being ballooned up from the original principal from several years of economic hardship forbearance where the interest still gets capitalized.

Just cap the interest rate, my man. That would solve the entire problem.

According to a White House fact sheet, the new measures include:

• $5.2 billion in additional debt relief for 53,000 borrowers under Public Service Loan Forgiveness programs
• nearly $2.8 billion in new debt relief for nearly 51,000 borrowers through fixes to "income-driven repayment," which the White House says are borrowers who made 20 years or more of payments "but never got the relief they were entitled to."
• And $1.2 billion for nearly 22,000 borrowers who have a disability who have been identified and approved for discharge through a data match with the Social Security Administration.

Finally a bailout that is for the people! You da man Biden!! Yeeyee!!

What a monster lol