Who would benefit from debt forgiveness?
More than 40 million borrowers across the country could qualify for the program, according to U.S. Department of EducationBecause nearly 71% and 65% of undergraduate borrowers who are Pell Grant recipients are Black and Latino, respectively, the Biden administration hopes the move will help narrow the racial wealth gap.What areas of Texas would be most impacted by relief?
The bulk of North Texas’ applications for loan forgiveness don’t come from the city centers of Fort Worth and Dallas. Much of them come from suburbs that include McKinney, Forney, Frisco and Grand Prairie. More than 26 million borrowers submitted applications and about 16 million were approved before the program was blocked in response to court orders, according to data fromThere is no set date for when the court will make its decision public. The process could take several months.Pauses on student loan payments are in effect until the litigation over the program is resolved. Payments will restart 60 days afterward.
3 million scoflaws
People might be required to pay back money they borrowed, instead of having it offloaded to poorer people? Limbo indeed.
They aren't in limbo. They should pay off the debt THEY agreed to. It's called having integrity. Why do democrats hate that?
Limbo? You mean they have to pay their bills?
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