The Biden administration announced Friday that 804,000 borrowers will have their student debt wiped away, totaling $39 billion worth of debt, in the coming weeks due to fixes that more accurately count qualified monthly payments under existing income-driven repayment plans.
My friends from HS and I are all still very close and hang out a few times a year. For the most part we are all doing quite well career and financial wise. The exception is my good friend who studied to be a music teacher. He is brilliant and hard working, but has had to hustle twice as hard as I have for half as much.
For 20 yrs he has been paying on his loans for undergrad and a masters degree. He has had to take jobs in every corner of the country to try and get established. I saw him a few weeks ago and he announced that thanks to Uncle Joe, he was now student debt free.
My wife and I might grumble a little when we start writing checks again in a few months but I feel a lot better knowing that more support is going out to those who truly need it.
My friends from HS and I are all still very close and hang out a few times a year. For the most part we are all doing quite well career and financial wise. The exception is my good friend who studied to be a music teacher. He is brilliant and hard working, but has had to hustle twice as hard as I have for half as much.
For 20 yrs he has been paying on his loans for undergrad and a masters degree. He has had to take jobs in every corner of the country to try and get established. I saw him a few weeks ago and he announced that thanks to Uncle Joe, he was now student debt free.
My wife and I might grumble a little when we start writing checks again in a few months but I feel a lot better knowing that more support is going out to those who truly need it.