Dem
51
GOP
49
And finally, we can leave Donald Trump behind, and move on to some news about Joe Biden. The President appears to have noticed that he has a problem with younger voters. And so, he's whipped up yet another student-loan debt forgiveness plan, which he unveiled yesterday.
The new plan focuses on interest, as opposed to principal, and would forgive up to $20,000 in unpaid interest for borrowers enrolled in the SAVE plan or other income-based loan-repayment programs. The White House estimates this will help about 25 million borrowers, with more than 90% of those getting all of their interest forgiven. Added to the borrowers who have been assisted by other Biden-administration loan-forgiveness initiatives, a total of 30 million people would end up with some amount of amnesty.
It is going to take several months for all the i's to be dotted and all the t's to be crossed on the new plan, and for all of the various administrative hurdles to be overcome. That means that the plan would kick in sometime in early fall of this year. So, 5-6 weeks before the election, either a bunch of voters are going to get good news about their loans, or else Republicans who oppose loan forgiveness will file suit, and then will get to run on that. Mayyyyyybe the Biden campaign has noticed that timing. But we're just spitballing here. (Z)