MSNBC writer Ja’han Jones blasted naysayers skeptical of whether student loan handouts are economically viable, expounding on how they could 'unchain' Americans from debt.
Stanford School of Business lecturer Dave Dodson joined 'Your World' to weigh in on the White House dismissing concerns a $300 billion student loan handout will worsen inflation.MSNBC writer Ja’han Jones condemned Americans who oppose student loan handouts as"selfish" in a Monday column.
"To me, the undeniably positive impact of unchaining millions of people from loans that preyed on their desire to be educated is more worthy of attention than naysayers who oppose forgiveness for selfish or misguided reasons," Jones said of President Biden's $330 billion loan handout plan."In that latter group, I include the majority in a recent CNBC online survey who said they fear loan forgiveness will worsen inflation.
Jones updated his piece on Wednesday to celebrate the announcement that Biden will cancel $10,000 of federal student loan debt for certain borrowers making less than $125,000 per year, and up to $20,000 for Pell Grant recipients. In addition, the president will continue the pause on loan payments until the end of this year.
Despite inflation concerns and the national debt being over $30.7 trillion, the Biden administration moved forward with their long teased proposal of canceling some student loan debt. President Joe Biden and first lady Jill Biden arrive on the South Lawn of the White House in Washington, Monday, May 30, 2022, after returning from Wilmington, Del.
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