Today's life lesson and a glimpse at an economic rub for some of our readers who remain rabidly opposed to higher education and only know college life by way of some of the funniest movies of the 1980s . . .
FREE MONEY HELPS DEFEND AGAINST THE "RED WAVE" EVEN IF IT MIGHT MAKE U.S. INFLATION WORSE!!!
Sadly, for TKC and our reader community . . .
A bunch of old dudes launching rabid complaints won't influence ANYBODY one way or another for the NEXTGEN who are reasonably worried about how they're going to make those liberal arts & communication studies degrees pay.
Accordingly . . .
Here's a peek at the local plan . . .
The president's plan will affect thousands in Missouri in Kansas. The average student loan debt in Missouri is $35,397. In Kansas, it's $32,578.
"College is getting pricier and pricier every year," one student said.
Near UMKC, people heard the news around lunchtime of $10,000 coming to pay off student loans.
"I think it is a good start and definitely, like a stepping point," another student said.
Read more via www.TonysKansasCity.com link . . .
Kansas City students are reacting to the president's plan for student loan debt.Wednesday's announcement is big. It will affect millions of people in debt from higher education."I think that's amazing," Gianna Agostino said.The news was welcome news for people like Agostino.
Biden to cancel up to $10k in federal student loan debt for certain borrowers and up to $20k for Pell Grant recipients
WASHINGTON - The Biden administration is expected to announce Wednesday that it will cancel up to $10,000 in student debt for borrowers who earn $125,000 a year or less and up to $20,000 for recipients of Pell Grants, according to multiple sources familiar with the matter.
President Joe Biden on Wednesday announced his plan to address student loan debt, which includes debt forgiveness for certain borrowers and extending the pandemic-related payment pause. Here are details of Biden's new plan, including how much will be forgiven and who is eligible.
President Biden's plan to have the government absorb billions in student loans is a win for some but not for all the 43 million or so Americans saddled with debt. "Many student loan borrowers will welcome this forgiveness, but for most, it won't wipe out all their student debt," said Stephen Dash, founder and CEO of Credible, which is majority owned by Fox Corporation.
President Joe Biden has spent months trying to navigate how to fulfill a campaign promise to relieve federal student loan borrowers from crushing debt. He's trying to avoid making it a boondoggle for the affluent or a trigger for inflation. On Wednesday, Biden is expected to unveil his student debt plan.
The Biden administration is expected on Wednesday to announce it is canceling a chunk of student debt, even as it faces criticism that going too far could hamper efforts to fight off inflation. Some progressive Democrats have argued that forgiving student debt could help their party and Biden in the midterm elections given the crushing...
Cost of President Biden's student debt forgiveness plan may cost taxpayers an average of $2,000, experts say
Some policy experts were quick to sound the alarm after President Joe Biden announced a sweeping new plan on Wednesday to cancel up to $10,000 in federal student loans for borrowers with incomes under $125,000. Biden will also cancel up to $20,000 for recipients of Pell Grants.
When President Joe Biden and his fellow Democrats were pushing the passage of a $1.9 trillion stimulus bill in early 2021, economist Larry Summers warned that the American Rescue Plan would likely trigger runaway inflation. He was ignored, but he was ultimately proven right.
Developing . . .