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NAACP slams Biden over reported student loan debt cancellation plan
The NAACP slammed reports that the Biden administration is planning to cancel $10,000 in student loan debt, calling the plan inadequate to address the $1.75 trillion in student debt held by Americans.
"If the rumors are true, we've got a problem. And tragically, we’ve experienced this so many times before," NAACP President Derrick Johnson said in a statement on Tuesday. "This is not how you treat Black voters who turned out in record numbers and provided 90% of their vote to once again save democracy in 2020."
The Biden administration has been discussing several different plans, including eliminating $10,000 per borrower making less than $125,000 a year, the Wall Street Journal reported Tuesday. Such a plan could cost American taxpayers hundreds of billions of dollars on top of the trillions the Biden administration has already spent, as the national debt has soared over $30 trillion. An announcement could come as soon as Wednesday.
https://www.foxnews.com/politics/naacp-slams-biden-reported-student-loan-debt-cancel-plan
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Biden planned $10K student loan forgiveness is a slap in the face to black voters.
The NAACP slammed reports that the Biden administration is planning to cancel $10,000 in student loan debt, calling the plan inadequate to address the $1.75 trillion in student debt held by Americans.
"If the rumors are true, we've got a problem. And tragically, we’ve experienced this so many times before," NAACP President Derrick Johnson said in a statement on Tuesday. "This is not how you treat Black voters who turned out in record numbers and provided 90% of their vote to once again save democracy in 2020."
The Biden administration has been discussing several different plans, including eliminating $10,000 per borrower making less than $125,000 a year, the Wall Street Journal reported Tuesday. Such a plan could cost American taxpayers hundreds of billions of dollars on top of the trillions the Biden administration has already spent, as the national debt has soared over $30 trillion. An announcement could come as soon as Wednesday.
https://www.foxnews.com/politics/naacp-slams-biden-reported-student-loan-debt-cancel-plan
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Biden planned $10K student loan forgiveness is a slap in the face to black voters.