An estimated 43 million Americans have student loan debts. Those who entered college or graduated in the past few years have faced big challenges, saddled with student loan debt and trying to find a job during the pandemic.
"I initially thought I'd graduate and have a full-time job right out the gate, and that didn't happen because I graduate in the middle of COVID," said Oliver, who says he has some $40,000 in student loan debt. Jerome Baker is a UC Berkeley Graduate Student in the College of Environmental Design. Baker says he repaid his undergraduate loans, but now faces debt for graduate school.
"I know some kids, people in my high school are working around 3 jobs to make up for what their parents are losing," said Kiana George, a UC Berkeley first-year student.according to an analysis doneNAACP President Derrick Johnson also criticized the amount of forgiveness and stated in a social media post that $10,000 doesn't go far enough.
Get the government out of the student loan business! Trust me, tuition prices will drop, and college will be affordable. Who thought giving an 18 year old 20-40k a year for school without as much as a signature was a good idea? Answer: the Banks, and investors.
So since I paid my student loans off, do I get reimbursed? Not going to hold my breath.
A chick that doesn’t have to struggle never gets out of the shell!😎
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Biden aides 'talking daily' about student loans, expect decision soon: Education Secretary CardonaBeyond the pause in loan payments, the Biden administration has been under pressure from some Democratic lawmakers and student loan activists to forgive up to $50,000 in student loans. I still think $50,000 is ridiculous. I'll be happy if he pauses payments again and then sets up a better system of repayment options in the meantime. Sorry folks it’s not going to happen. You aren’t going to be rewarded for your negligent financial decision.
Source: USATODAY - 🏆 100. / 63 Read more »
President Biden poised to announce some form of student loan forgiveness: SourcesJoe Biden is poised to decide whether to cancel student loan debt for a subset of Americans and continue to keep a COVID-era pause on the repayments I’m not going to paid for someone who majored in liberal arts & couldn’t job at all. This doesn't apply to me, I don't have any student loans. But he did campaign on this and it's only right that he does it. Infuriating!
Source: ABC - 🏆 471. / 51 Read more »
Student loans: Biden administration leaning toward canceling some loan debt, sources sayThe current student loans pause is set to expire soon. Pay back your own friggin loans!
Source: ABC7NY - 🏆 592. / 51 Read more »
Student loans: Biden administration leaning toward canceling some loan debt, sources sayThe current student loans pause is set to expire soon. All college loans should be forgiven & all colleges should be free.
Source: abc7newsbayarea - 🏆 529. / 51 Read more »
Biden to announce $10K federal student loan cancellation for many, extend repayment pause: sourcesDetails of the plan have been kept closely guarded, but borrowers who earn less than $125,000 a year would be eligible for the loan forgiveness. Another move that does literally nothing but put the burden of others on taxpayers while being useless in the longrun Yes JoeBiden will announce today his new effort to buy votes before mid-term elections. The financial illiteracy of the unsophisticated debtor, in this case, college loan holders, is, as a taxpayer, not my problem. The same as ignorance of the law is not a valid defense, ignorance of how interest is compounded is not a valid excuse nor reason for debt relief.
Source: 6abc - 🏆 250. / 63 Read more »