Washington Free Beacon by Washington Free Beacon Editors
To hear the White House tell it, the administration’s student loan forgiveness scheme is a break for hard-working middle-class Americans courtesy of Scranton Joe.
When President Joe Biden announced the plan in August, the White House said the program would exclude the wealthy. “Borrowers are eligible for this relief if their income is less than $125,000,” the administration said. “No high-income individual or high-income household,” it assured the public, “will benefit from this action.”
Well, we got played. Now we have the application form for debt relief, and, lo and behold, it tells a different story. As it turns out, one needs to have earned less than $125,000 in 2020 or 2021 in order to shave off up to $20,000 of debt. You read that right: Those who made $124,000 in 2020 and $300,000 in 2021 qualify for this plan…
