As I sit down to reflect on the recent news that President Biden plans to cancel student loan debt, potentially impacting 23 million Americans, my mind is flooded with a mix of emotions. The idea of finally receiving some sort of relief from the burden of student loan debt is both thrilling and long overdue. Reading about the details of the plan, which includes canceling up to $20,000 of accrued and capitalized interest for borrowers regardless of income, brings a sense of hope for those who have been struggling under the weight of their loans, myself included.
The terminology used in the discussions surrounding this announcement is worth noting.… Continue reading
Biden cancels $6 billion in student loan debt for 78,000 public service workers. The news of President Biden’s decision to cancel $6 billion in student loan debt for 78,000 public service workers has left many feeling relieved and grateful, myself included. As an adjunct community college professor, I have dedicated almost two decades of my life to teaching and guiding students on their academic journey. The burden of student loan debt has weighed heavily on my shoulders, making it challenging to make ends meet at times. The cancellation of $17k in student loan debt has finally provided me with the financial relief I desperately needed.… Continue reading
I am absolutely thrilled to hear that President Joe Biden’s administration has canceled $1.2 billion of federal student loans, providing much-needed relief to over 150,000 borrowers. It’s a significant move that benefits those enrolled in the government’s Saving on a Valuable Education (SAVE) plan, essentially wiping out loans for those who borrowed less than $12,000 for their higher education. As someone who has been making student loan payments since 2013, I can’t help but feel envious of those who are fortunate enough to be on the list for loan forgiveness. The impact of this program is truly commendable, especially for individuals who have been diligently making payments for over a decade.… Continue reading
I can’t help but feel a mixture of emotions when discussing the recent news regarding the Biden administration’s decision to forgive $1.2 billion in student debt for over 150,000 borrowers. On one hand, relief for those enrolled in the Saving on a Valuable Education (SAVE) plan who have been in repayment for a decade or longer and originally took out $12,000 or less is undoubtedly a step in the right direction. The idea that those who have diligently made payments for so many years deserve some form of respite from the burden of student loans is a sentiment that many can rally behind.… Continue reading
John Q. Hosedrinker