Biden announces additional $7.7B in student loan handouts: "Billions more in election year giveaways"
The Biden administration has announced a new $7.7 billion student debt relief initiative for 160,000 borrowers, a move that has been criticized by Republicans as "unconstitutional" and an "election year giveaway."
The $7.7 billion relief package will benefit three categories of borrowers: those receiving Public Service Loan Forgiveness (PSLF), those enrolled in President Biden's Saving on a Valuable Education (SAVE) Plan, and those receiving forgiveness on income-driven repayment (IDR) due to administrative adjustments.
As of this announcement, the Biden administration has cleared more than $167 billion in student loan debt for 4.75 million Americans in what Trump campaign Senior Advisor Jason Miller described as "Billions more in election year giveaways."
Republicans have criticized the move as unconstitutional and unfair to the American people, with some citing a 2022 Supreme Court ruling that the Biden administration overstepped its authority when it announced it would cancel up to $400 billion in student loans.
Biden's going to be announcing a lot of Jackpot Giveaways. And reminding voters of his previous government spending. He visited New Hampshire to make the less-controversial announcement about signing an actual Congress-passed law in 2022 increasing benefits for veterans.
And why was he doing a campaign event in New Hampshire at all?
Because Trump has tied him there, albeit with both getting much less than a majority of support.
SHOCK POLL: Trump Tied With Biden in Blue New Hampshire
Posted to Politics May 20, 2024 by Michael Graham
Democrats have all but owned the Granite State's four Electoral College votes, winning seven of the past eight presidential contests -- including Joe Biden's eight-point victory over President Donald Trump in 2020.
But the latest NHJournal/Praecones Analytica poll finds Biden tied with Trump in New Hampshire, putting him at risk of becoming the first Democrat to lose the state since Al Gore in 2000.
The poll puts Trump ever-so-slightly ahead at 36.6%, with Biden at 36.5%, and RFKJr. at 14.6%.