Gabriela Sandoval is the Executive Director of the Excessive Wealth Disorder Institute. This op-ed was distributed by OtherWords.org.on the ongoing student loan debt debate prompted by President Joe Biden’s sweeping debt cancellation plan that would help over 35 million Americans.
I spent over two decades paying off my federal student loans — and like a lot of people with educational debt, I paid $20,000 more than what I borrowed. Thankfully, because I work in public service, an earlier Biden initiative canceled over half of my debt, allowing me to reach the light at the end of the tunnel.have held back Biden’s broader loan forgiveness proposal and left it at the mercy of a conservative Supreme Court.
The whole episode is an example of the perverse economic reality America currently faces when it comes to educational debt.who benefit from student loans have fueled the opposition to Biden’s plan. In effect, they’re working to keep Americans from achieving a better life for themselves and their families — all to help the already wealthy.
That’s bad enough. But they’ve also used their massive wealth to flood the airwaves with false, misleading claims that make it harder for folks to find common ground.While daunting, my experience as a first-generation college student opened doors for me that my parents could never have imagined when they moved here in search of better lives for their daughters. The power of education has been a catalyst for generations of people of all backgrounds and will continue to be for millions more.
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