The GI Bill was passed in 1944 to help eligible veterans and their families get money to cover some or all of school costs.
As President Joe Biden on Wednesday announced a relief plan to forgive the outstanding federal student loan debt for some borrowers, a non-profit for veterans compared loan forgiveness to the military’s GI Bill.
„I grew up in poverty in the mountains of NC. I ate out of a garden, lived in government housing, shopped at yard sales. I joined the Air Force. Earned my GI BILL. I attained 4 degrees and created my own version of the American Dream. I am not responsible for your student debt,“ Code of Vets tweeted on Tuesday.
The GI Bill was passed in 1944 to help eligible veterans and their families get money to cover some or all of school costs, according to the U.S. Department of Veteran Affairs. The bill’s benefits help pay for college, graduate school and training programs.
Biden announced on Wednesday that those who have student loans and earn less than $125,000 a year are eligible to receive $20,000 in student loan forgiveness if they obtained Pell Grants, while those who make less than $125,000 a year and didn’t receive a Pell Grant will be eligible for $10,000 in loan forgiveness.
