Wait, How Did Student Debt Even Become A Thing?

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Biden has announced partial loan forgiveness for individuals making under $125,000 a year. Critics say this move amounts to handouts for rich, highly educated elites, and a betrayal of students who already paid off their loans.

Stephanie López Ruvalcaba and her family pose for a photo at the University of La Verne. She managed to pay off her student loans within 10 years. Even so, she supports debt cancellation.

Sofía Guadrón is a first-generation college student, raised by a single mother in the Westlake/MacArthur Park area of Los Angeles. She graduated from UC Davis in 2018, with a degree in Human Development and Family Studies and French. She’s been making payments for years, including during the pause. Her debt is down to $2,000.

One day, while working on an assignment, she found herself struggling to breathe. Then she couldn’t stop crying. The panic attack landed her in the hospital. “As I planned my finances, anything I had leftover at the end of the month, I would just put it into my loans,” she said.After working so hard to pay off her loans, how does she feel about the Biden administration canceling $10,000 per borrower?

 

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Disappointing how many media outlets are going immediately to the criticisms.

okay but what do the literal millions of people whose lives will be improved by this say?

Weird and deeply shitty that you're centering the opinions of right-wing plutocrats who gave the 1% a $2,000,000,000,000 tax cut a couple years ago

Do you just repeat anything critics say even if it's dumb

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