Student Loan Debt

Biden Cancels $1.2 Billion of Federal Student Loans

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

Biden administration to forgive $1.2 billion in student debt for over 150,000 borrowers

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