Let's be clear: @POTUS' new student debt relief plan forgives runaway accrued interest on loans. This will benefit those who have paid back what they borrowed but are stuck with outrageous balances due to accrued interest. 23 MILLION borrowers can benefit. #PromisesKept
@RepJamesClyburn @POTUS It’s taxpayer money the federal budget was planning on getting back. The federal government borrowed the money (with interest) from taxpayers to make the loan.
@RepJamesClyburn @KeepItBlueDems @POTUS This message needs to be demonstrated with real life examples. I have seen some where people have paid for 20 years never missed a payment and owe more than they borrowed.
@RepJamesClyburn @POTUS The average household income of the beneficiaries is $312,000. So why haven't they paid it off?
@RepJamesClyburn @POTUS Just buying votes with my taxes.
@RepJamesClyburn @POTUS I thought this was fixed? thehill.com/blogs/congress…
@RepJamesClyburn @POTUS Maybe those who don’t understand the basic math involved in calculating interest payments aren’t the best college candidates?
Let’s be clear. They were all grown adults when signing their legally binding loan agreements. The fact none appeared to understand the loan terms, which had no payment due while interest was compounding, demonstrates an astonishing lack of financial literacy. Meanwhile, those less fortunate, who didn’t go or couldn’t afford college, or went and paid their loans back, are now stuck with gifting their tax dollars to 23 million who somehow believe it’s fair. November 5th can’t come soon enough for the rest of us.