Birdwatch Note Rating
2024-04-19 14:29:46 UTC - HELPFUL
Rated by Participant: 667013040EBDA763BEBA0F35DAC7321C9B691D039C85057D13A87C611D87B061
Participant Details
Original Note:
Misleading. In absolute dollars with Biden's student debt relief program, $58B goes to those who make $82k, $7B goes to those who make $40k/yr, and $19B goes to those who make $312k/yr This is a cancelation of accrued interest, not principal balance https://cbsaustin.com/news/nation-world/student-loan-forgiveness-taxpayers-500-billion-biden-trump-education-college-university-accrued-interest-lawmakers-penn-wharton-budget-model-supreme-court-senator-eric-schmitt-democrats-republicans https://www.ed.gov/news/press-releases/biden-harris-administration-shorten-path-debt-cancellation-some-save-borrowers https://budgetmodel.wharton.upenn.edu/issues/2024/4/11/biden-student-loan-debt-relief
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