Federal appeals court blocks Biden’s student loan forgiveness plan
By Andrew Siff, CNN
Updated 1671 GMT (0171 HKT) August 25, 2017
‘Not acceptable’: Students and alumni take to social media with attack on Biden
(CNN) – Students and alumni took to social media with an attack on former vice president Joe Biden over his college loan forgiveness plan.
“The Biden plan is not acceptable to me. Let me be very clear: I did not go to college with a job,” wrote commenter and college student David Neely.
“I did not go to college to be jobless. I did not go to college to end up in bankruptcy court, doing legal paperwork for $50,000,” wrote another commenter and college student Matthew Lachs.
Biden is trying to tackle the problem of college indebtedness by proposing a plan that allows borrowers to wipe out their loans and end up with a $20,000 tax credit to help them pay for college. While Biden has struggled to find financial support for his college education, his plan is garnering support from prominent Republicans.
Democratic presidential candidate Hillary Clinton has also come out in support of the plan, saying Wednesday that “every student who faces a significant burden shouldn’t have to endure it in their future.”
The issue of college debts is also one of the top issues for millennial voters ahead of the 2016 election.
Biden’s plan has sparked controversy within his own party, both from the left and the right.
A proposal released last week by Sen. Elizabeth Warren of Massachusetts includes a provision that would cap loans at 10 percent of a student’s annual income.
The proposal would also ban bankruptcy for college loans and include some limits on the duration of the loan, which is set to end at $28,500.
Critics, meanwhile, have attacked the plan as one that would only benefit borrowers who go to graduate school.
They also argue that the plan lacks specific guidelines, such as how the loan forgiveness would be divided between