Biden’s College Loan Forgiveness

Master’s Degree and Mortgages

I woke up this morning to the news of Biden’s college loan forgiveness program. Ugh, my reaction was visceral, and here’s why. I went to college, I borrowed money, I worked while attending class, and when I graduated, I got a job and paid every penny back because I said I would. My word means something and has value.

With the Biden Administration crowing about low unemployment, low gas prices, reduced inflation, and the improving economy, why are they forgiving hundreds of billions in college loan debt? It’s confusing to say the least. I needed a little clarification, and who should come to my rescue? None other than the immortal and all-knowing Susan Rice.

Bus Driver Warning: The gobbledygook goes on for more than an hour. You only need to listen to the first twelve minutes (or so).

(929) White House answers questions on Biden’s student loan forgiveness plan | full video – YouTube

Realclearpolitics.com

Focused by conservative lensing and forged through years of bus driver experience, my takeaway from Susan’s scholarly explanation was straightforward and simple.

If I have to pay for someone else’s Master’s Degree, then someone with a Master’s Degree (or higher) needs to pay for my mortgage.

Keep in mind, I’m a prime example of what she’s talking about; a college graduate working in the Biden economy as a bus driver with no viable means to pay off my debt.

Dr. Susan Rice (Ph.D. Philosophy), or better yet, Dr. Jill Biden (Ed.D. Education), my mortgage is due on the 15th. Guys, don’t worry, I live within my means (to the best of my ability) so my home isn’t extravagant. The bank needs $1,894.38 per month for the next 30 years, give or take. I’ve never been late, so I don’t know the penalties, but I’m sure they’re steep. Remember, the payment is due on or before the 15th.

Here’s a helpful financial hint for whoever decides to pick up the ball and run with it. You can save yourself a lot of money if you pay off the loan in its entirety. You’ll save on interest, insurance, and TAXES too. One low payment of only $221,193.07 and your financial responsibility to me, and my family, will be satisfied forever. Think about it … it makes cents. 😊

PS – Lest you think this is a farce. Here’s a list of supporting topics from Heritage Action:

Will Cause Inflation here  and here

Benefits top half of income earners, at expense of bottom half earners.

Benefits Educational Industrial Complex

It’s an election year gimmick

Sue, Jill, thank you in advance for your progressive and completely woke generosity.

2 thoughts on “Biden’s College Loan Forgiveness

  1. How is this fair for the people that worked hard to pay off their own student loans. Now our tax money is going to pay for other people’s loan.

    Like

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