Real People Answer How Canceling Student Loans Will Significantly Improve Their Lives
"Having $10,000 in debt forgiven would help me pay for my fiancé’s kidney transplant."
We should know 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, politicians are on our dime. They earn their living from 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 unclear on their campaign platforms, we have a duty to remind them.
We must hold them accountable and ensure they deliver. This is much 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 outlined what the American government should do to show they are prioritizing families over corporations.
One of the biggest things he said the White House should prioritize was canceling student debt. We wholeheartedly agree with this, and here we are, over a year later, with the President championing the idea of forgiving the loans of 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 increase the forgiven amount to $50,000.
@JoeBidenThe Republicans are trying to stop this agenda, but we hope 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:
@JoeBiden
This parent would have the opportunity to give their daughter the best home and childhood possible.
Akira
This person would finally be able to manage their debt without resorting to getting hit by a bus.
Anonymous
They don't have to choose which they need more: food or electricity.
Anonymous
$10,000 off 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 that other people will cheat their way into.
Anonymous
With one signature, so many people will finally have a chance to be homeowners.
Candace
Homeownership, 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 a better credit score.
Kristen
A better credit score means homeownership and stability.
Kristen
It would mean less penny-pinching and actually enjoying life.
Anonymous
The chronic knot in your back will finally be released, and you can relax.
Kaylin
It also means a return of public trust in the government we elected.
Kaylin
$10,000 will not make a dent in 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 for us.
Anonymous
How does this make sense? The system is predatory.
a4c1bf3df6
Receiving that much debt forgiveness would change many 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 in 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 trigger 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 oneself.
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 loan debt means actually getting the medical attention you've been putting off.
Anonymous
We are 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 is 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 third 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 weren't so scared of being in debt.
Carolyn
People would finally be able to support their families without sacrificing their health.
Kelly
We are all waiting with bated breath to see 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?