Over 200 Biden aides could cash in on student loan bailout

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Over 200 of President Joe Biden’s hand-picked top aides hold student loans that are likely eligible for a taxpayer-funded bailout, according to disclosure forms reviewed by a watchdog group.

Loans totaling more than $31 million and held by 223 aides fall into the bailout scheme announced by Biden yesterday in a move geared to energize his weakening youth voter base.

And, according to the watchdog Insidebidensbasement.org, those eligible could be well over 300, because many are dual-income wage-earners and the earnings cap for Biden’s loan bailout is $250,000.

“Our projection of 223 Biden officials who stand to benefit may be just the beginning,” said the watchdog.

Earlier projections suggested that some 30 Biden White House staffers who owe as much as $4.7 million in student loans could receive the new benefit.

The report also includes executive agencies and identifies many loan-holders inside Education, Treasury, and the Consumer Financial Protection Bureau. It said that financial disclosure forms of all Biden appointees are still coming in.

“Based on the data we have compiled, at least 223 high-ranking Biden appointees still have outstanding loans totaling anywhere between $12.6 million and $31.2 million,” said the report. It also listed those findings:

  • White House: $3,015,091 to $7,425,000
  • CFPB: $230,004 to $600,000
  • Treasury: $170,007 to $415,000
  • Education: $125,006 to $350,000

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