Real People Answer How Canceling Student Loans Will Significantly Improve Their Lives
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.
@JoeBidenThe Republicans are trying to stop this agenda but we are hoping that the President will not cower under political pressure
@JoeBidenSo many people will benefit from canceled student loans and here are some of their stories:
@JoeBidenThis parent would have to opportunity to give their daughter the best home and childhood possible
AkiraThis person would finally be able to manage their debt without resorting to getting hit by a bus
AnonymousThey don't have to choose which they need more: food or electricity
Anonymous$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
They currently allocate 40% of what they earn to pay off their loans
Erik
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
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
Anonymous
Less debt means better credit score
Kristen
Better credit score means home ownership and stability
Kristen
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
Kaylin
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
Anonymous
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
Phyllis
We are the most educated generation but we are not thriving
Anonymous
All the things older generations could afford are fever dreams to us
Anonymous
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
Anonymous
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
Anonymous
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
Anonymous
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
Anonymous
Student loan forgiveness would mean the opportunity to better yourself
luckypunk321
Saving money would no longer be a luxury
Anonymous
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
Anonymous
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
Anonymous
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
Anonymous
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
Anonymous
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
Tatiana
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
Carolyn
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?
