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.
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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
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So many people will benefit from canceled student loans and here are some of their stories:
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This parent would have to opportunity to give their daughter the best home and childhood possible
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This person would finally be able to manage their debt without resorting to getting hit by a bus
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They don't have to choose which they need more: food or electricity
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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
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They currently allocate 40% of what they earn to pay off their loans
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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
With one signature, so many people will finally have a chance to be homeowners
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
Less debt means better credit score
Better credit score means home ownership and stability
It would mean less penny-pinching and actually enjoying life
The chronic knot on your back will finally be released and you can relax
It also means a return of public trust to the government we elected
$10,000 will not make a dent on this nurse's debts
They are barely keeping their heads above water but death is closer than salvation
This person has three jobs and they are barely getting by
We are the most educated generation but we are not thriving
All the things older generations could afford are fever dreams to us
How does this make sense? The system is predatory.
Receiving that much debt forgiveness would change a lot of people's lives and finally give them hope after the disastrous previous years
It would mean wading in shallow water instead of drowning in a sea of debt
Investing on your education wouldn't be worth it if it means living paycheck to paycheck for the rest of your life
On top of medical bills, student loan repayment feels like a punishment
The real solution is student loan reform but the country is built on the backs of poor people
Dreaming about a new car would not set off an anxiety attack
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
Student loan forgiveness would mean the opportunity to better yourself
Saving money would no longer be a luxury
An MBA is not equivalent to higher wages. There is something seriously wrong.
Less debt would finally give this person the chance to get a better job that provides better healthcare
Approve the $10,000 relief and cancel interest. How about that?
Less student loans to pay means actually getting the medical attention you've been putting off
We are so not looking forward to paying again in October
If you weren't paying off your loans, you would have more money to live a healthier life
Being indebted the moment you get your degree feels like a saddle and dampens your achievement
Life-saving surgery will no longer be postponed if a portion of student loans are forgiven
Not paying off debt would make you a more productive member of society
It means you wouldn't have to take that 3rd job to afford food
Medical practitioners wouldn't have to feel so burdened by debt and they can finally focus on their life-saving work
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
People would finally be able to support their family without sacrificing their health
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?
