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Real People Answer How Canceling Student Loans Will Significantly Improve Their Lives

by Chelsi

We should know enough by now that promises made by politicians are as good as gone. Of course, we can hope but we also shouldn't hold our breaths waiting for the day they make good on their promises.

Once they get elected, the politicians are on our dime. They earn their living on our tax dollars in exchange for passing laws and policies that will benefit us and uphold our rights.

That is the ideal relationship between politicians and us, their constituents. When they fall short of what they promised and when they are foggy on their campaign platforms, we have a duty to remind them.

We have to hold them accountable and make sure they deliver. This is a lot easier said than done but as the voting population, it is our duty to demand what was promised.

Especially when it comes to the most powerful seat in the nation. When President Biden was running for the position, he listed what the American government should do to show they are prioritizing families first before corporations.

One of the biggest things he said the White House should prioritize was canceling student debt. We wholeheartedly agree on this and here we are, over a year later, and the President is championing the idea of forgiving the loans of the borrowers who can prove they have been defrauded by the broken system.

His administration is aiming to forgive $10,000 for every student but Congress is negotiating to hike the forgiven amount to $50,000.

His administration is aiming to forgive $10,000 for every student but Congress is negotiating to hike the forgiven amount to $50,000.
@JoeBiden

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The Republicans are trying to stop this agenda but we are hoping that the President will not cower under political pressure

The Republicans are trying to stop this agenda but we are hoping that the President will not cower under political pressure
@JoeBiden

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So many people will benefit from canceled student loans and here are some of their stories:

So many people will benefit from canceled student loans and here are some of their stories:
@JoeBiden

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This parent would have to opportunity to give their daughter the best home and childhood possible

This parent would have to opportunity to give their daughter the best home and childhood possible
Akira

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This person would finally be able to manage their debt without resorting to getting hit by a bus

This person would finally be able to manage their debt without resorting to getting hit by a bus
Anonymous

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They don't have to choose which they need more: food or electricity

They don't have to choose which they need more: food or electricity
Anonymous

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$10,000 off of the principal amount would be a great relief but it's not enough to save this person from a lifetime of debt

$10,000 off of the principal amount would be a great relief but it's not enough to save this person from a lifetime of debt
Erik

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They currently allocate 40% of what they earn to pay off their loans

They currently allocate 40% of what they earn to pay off their loans
Erik

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Life is unfair but it is infuriating how some of us have to pay an arm and a leg for an education other people will cheat their way into

Life is unfair but it is infuriating how some of us have to pay an arm and a leg for an education other people will cheat their way into
Anonymous

With one signature, so many people will finally have a chance to be homeowners

With one signature, so many people will finally have a chance to be homeowners
Candace

Home ownership, marriage, and children are luxuries we cannot afford but if a portion of the debt is forgiven, we can have a reasonable car

Home ownership, marriage, and children are luxuries we cannot afford but if a portion of the debt is forgiven, we can have a reasonable car
Anonymous

Less debt means better credit score

Less debt means better credit score
Kristen

Better credit score means home ownership and stability

Better credit score means home ownership and stability
Kristen

It would mean less penny-pinching and actually enjoying life

It would mean less penny-pinching and actually enjoying life
Anonymous

The chronic knot on your back will finally be released and you can relax

The chronic knot on your back will finally be released and you can relax
Kaylin

It also means a return of public trust to the government we elected

It also means a return of public trust to the government we elected
Kaylin

$10,000 will not make a dent on this nurse's debts

$10,000 will not make a dent on this nurse's debts
Anonymous

They are barely keeping their heads above water but death is closer than salvation

They are barely keeping their heads above water but death is closer than salvation
Anonymous

This person has three jobs and they are barely getting by

This person has three jobs and they are barely getting by
Phyllis

We are the most educated generation but we are not thriving

We are the most educated generation but we are not thriving
Anonymous

All the things older generations could afford are fever dreams to us

All the things older generations could afford are fever dreams to us
Anonymous

How does this make sense? The system is predatory.

How does this make sense? The system is predatory.
a4c1bf3df6

Receiving that much debt forgiveness would change a lot of people's lives and finally give them hope after the disastrous previous years

Receiving that much debt forgiveness would change a lot of people's lives and finally give them hope after the disastrous previous years
Anonymous

It would mean wading in shallow water instead of drowning in a sea of debt

It would mean wading in shallow water instead of drowning in a sea of debt
leahs4a8c02a31

Investing on your education wouldn't be worth it if it means living paycheck to paycheck for the rest of your life

Investing on your education wouldn't be worth it if it means living paycheck to paycheck for the rest of your life
Anonymous

On top of medical bills, student loan repayment feels like a punishment

On top of medical bills, student loan repayment feels like a punishment
brenanams

The real solution is student loan reform but the country is built on the backs of poor people

The real solution is student loan reform but the country is built on the backs of poor people
Anonymous

Dreaming about a new car would not set off an anxiety attack

Dreaming about a new car would not set off an anxiety attack
nurseyneesej

Some people who have been working for as long as they can remember will finally have enough room to breathe for the first time in years

Some people who have been working for as long as they can remember will finally have enough room to breathe for the first time in years
Anonymous

Student loan forgiveness would mean the opportunity to better yourself

Student loan forgiveness would mean the opportunity to better yourself
luckypunk321

Saving money would no longer be a luxury

Saving money would no longer be a luxury
Anonymous

An MBA is not equivalent to higher wages. There is something seriously wrong.

An MBA is not equivalent to higher wages. There is something seriously wrong.
Andrea

Less debt would finally give this person the chance to get a better job that provides better healthcare

Less debt would finally give this person the chance to get a better job that provides better healthcare
Anonymous

Approve the $10,000 relief and cancel interest. How about that?

Approve the $10,000 relief and cancel interest. How about that?
unhaz914

Less student loans to pay means actually getting the medical attention you've been putting off

Less student loans to pay means actually getting the medical attention you've been putting off
Anonymous

We are so not looking forward to paying again in October

We are so not looking forward to paying again in October
Deanna Dziak

If you weren't paying off your loans, you would have more money to live a healthier life

If you weren't paying off your loans, you would have more money to live a healthier life
Anonymous

Being indebted the moment you get your degree feels like a saddle and dampens your achievement

Being indebted the moment you get your degree feels like a saddle and dampens your achievement
Brenna Prewitt

Life-saving surgery will no longer be postponed if a portion of student loans are forgiven

Life-saving surgery will no longer be postponed if a portion of student loans are forgiven
Anonymous

Not paying off debt would make you a more productive member of society

Not paying off debt would make you a more productive member of society
Nia

It means you wouldn't have to take that 3rd job to afford food

It means you wouldn't have to take that 3rd job to afford food
Tatiana

Medical practitioners wouldn't have to feel so burdened by debt and they can finally focus on their life-saving work

Medical practitioners wouldn't have to feel so burdened by debt and they can finally focus on their life-saving work
Anna

So many people would finally be able to explore their maximum potential and do the most good if they aren't so scared of being in debt

So many people would finally be able to explore their maximum potential and do the most good if they aren't so scared of being in debt
Carolyn

People would finally be able to support their family without sacrificing their health

People would finally be able to support their family without sacrificing their health
Kelly

We are all together waiting with bated breaths if the President will finally make good on his promise. The pause was a really nice start, the next logical step is forgiving the loans don't you think?

People will have more money to spend, they will be less anxious and therefore more productive, and they can finally start enjoying their lives. That is not too much to ask, is it?

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