Sen. Elizabeth Warren: "Now we're just ready for President Biden to sign the piece of paper to say cancel $50,000 worth of student loan debt." pic.twitter.com/XHOfhbyJbp— The Hill (@thehill) March 29, 2021
"With the targeted reduction in interest rates and rebates already built in to our debt forgiveness program coupled with the means tested freeze on payment under certain conditions, YES you will be seeing $50, 000 worth of student loan debt forgiven and we've calculated an already estimated $45 000 in savings provided, the remaining $5000 will be cancelled over the next 10 years (amortized across any remaining payment instalments over 50, under 50 payment instalments receive no amortization), congratulations!!!"
"With the targeted reduction in interest rates and rebates already built in to our debt forgiveness program coupled with the means tested freeze on payment under certain conditions, YES you will be seeing $50, 000 worth of student loan debt forgiven and we've calculated an already estimated $45 000 in savings provided, the remaining $5000 will be cancelled over the next 10 years (amortized across any remaining payment instalments over 50, under 50 payment instalments receive no amortization), congratulations!!!"