Social IssuesAUG 26, 2022

30 Of The Best Reactions From The Internet To Biden Canceling Student Loan Debt

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It’s official. President Biden announced on Wednesday a new student loan forgiveness plan that would wipe out significant amounts of debt for tens of millions of Americans. He said the long-awaited plan would erase $10,000 in debt for those earning less than $125,000 per year (or $250,000 for households) and $20,000 for recipients of Pell Grants — for students with the greatest financial need.

The debt relief — which was delivered after years of pressure and heated debates — comes just weeks before the midterm elections. "An entire generation is now saddled with unsustainable debt in exchange for an attempt, at least, at a college degree," Mr. Biden said in his remarks at the White House. "The burden is so heavy that even if you graduate, you may not have access to the middle-class life that the college degree once provided."

Immediately, the topic took over the internet with anyone and everyone offering their opinions on the matter. And a brief scroll through Twitter made one thing clear — responses to the news have been all over the place. Although the plan is a game-changer for those trapped in a cycle of staggering debt, certain people online were quick to denounce the plan.

Below, we at Bored Panda wrapped up some of the reactions people shared online to Republicans criticizing the move, from the sarcastic to the sincere. Continue scrolling and upvote the ones you agree with the most. Then let us know where you land on this topic, we’d love to hear your thoughts in the comments!

President Biden announced on Wednesday his long-awaited student loan forgiveness plan that will wipe out up to $10,000 in debt for borrowers and up to $20,000 for Pell Grant recipients

The internet immediately erupted with reactions, here’s what people had to say

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30 Of The Best Reactions From The Internet To Biden Canceling Student Loan Debt

ddanpereira

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107points

In response, The White House caused a stir on Twitter when they used Paycheck Protection Program (PPP) loan forgiveness to clap back at criticism, with Biden saying, "No one complained that those loans caused inflation." This program was created in March 2020 and aimed to keep employees of small businesses’ payrolls during the early days of the pandemic.

#22

DwightMarshal19

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104points

#23

ddanpereira

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100points

#24

LiltihPazuzu

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98points

For example, The White House Twitter account reminded Congresswoman Marjorie Taylor Greene, a frequent Biden critic, that she was once a recipient of the PPP and was forgiven $183,504 in loans. Each Republican who criticized Biden’s student loan forgiveness plan felt the heat from the White House.

"I will never apologize for helping America’s middle class — especially not to the same folks who voted for a $2 trillion tax cut for the wealthy and giant corporations that racked up the deficit," Biden wrote on Twitter Thursday.

Our team here at Bored Panda is curious — what do you think of this long-awaited plan? Has it changed your life in any way? Or do you believe there's much more that still needs to be done? Be sure to tell us where you stand on the matter in the comments, we’d love to hear from you.