Letter to the Editor

What will you be paying?

By  Jeff Gliedman, Marlboro
Posted 9/15/22

President Biden wants American taxpayers to pay off $10,000 student loan debt for approximately 40 million people including some Pell Grant recipients who could have $20,000 forgiven. His action, if …

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Letter to the Editor

What will you be paying?

Posted

President Biden wants American taxpayers to pay off $10,000 student loan debt for approximately 40 million people including some Pell Grant recipients who could have $20,000 forgiven. His action, if enacted, will cost all American taxpayers about $2,500 each resulting in a total cost between $240 billion to $1 trillion over the next 10 years. For a party who wants everyone to “pay their fair share,” it hardly seems fair to those who already paid off their student loan debt or those who never took out a student loan.

In this week’s Labor Day message from the American Federation of Teachers (AFT) president Randi Weingarten, she boasted  “we helped an AFT member in California wipe out her $450,000 student debt”.  Somebody will be paying for this AFT members $450,000 charge.  

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