Pro IQRA News Updates.
Sarah Raniford, a California college graduate who said she didn’t want to burden taxpayers by entering the Biden Administration’s $10,000 student loan forgiveness program, changed its name to “Bank of America,” giving it access to $20 billion in government aid.
“I’ve heard Republicans say debt relief is a bad idea — it will increase inflation, discourage personal responsibility, etc. So I thought I would do the right thing and instead apply for a multi-billion payout as a financial institution.”
Under the terms of its bailout, Bank of America will receive $20 billion to pay off college debt, with protections for an additional $120 billion in future losses. “It’s fairer for the taxpayers to do it this way,” he said.
The 26-year-old said a more affordable approach to debt forgiveness is taking hold, one of her friends recently changed her name to JP Morgan Chase.
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