Americans are talking more than ever about politics, especially now that Bernie Sanders has withdrew from the Presidential race almost universally ensuring Biden ‘s nomination. But with that nomination — many have brought up the fact that Biden ‘s plans couldn’t be any further different from what Bernie would’ve proposed — but that now appears to be different.
According to Biden ‘s campaign, he now pledges to lower the Medicare age to 60 and to work on allowing certain public student loans to be fully forgiven. Biden made the declarations in a Medium post, which appear to spell out in depth his plans if he were to actually defeat Donald Trump.
One of his standout plans that stuck out to us:
Biden hopes to forgive students loans for low-and-middle-income families that went to public colleges and the like; HBCU ‘s, and more.
- Immediately cancel a minimum of $10,000 of student debt per person, as proposed by Senator Warren in the midst of the coronavirus crisis.
- Those earning less than $25,000 per year will not have to make monthly payments and will accrue no interest
- Those earning more than $25,000 per year will pay no more than 5% of discretionary income toward payments
- After 20 years, the remainder of federal student loans will be forgiven without any tax burden
- Those who participate in public service will be eligible for additional federal loan forgiveness, including $10,000 per year of forgiveness for up to five years.