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Political Discussion
Reply to "Why is Biden extending the student loan repayment pause?"
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[quote=Anonymous]Well, I took out $100000 in student loans and have paid over a $100000 back, but still owe five figures b/c interest. My student loan payments are $2000/month. I will likely not get any forgiveness b/c on paper I make too much money - but I have to live in an expensive area to make the salary to pay back the loans, and I am a single parent. My story is pretty common. Even if the policies do not benefit me, there are a lot boomers and genX with debt because of high interest rates, and they can't retire, or save to retire. Eventually, the government is going need to grapple with that. Yes, we need to reform tuition, and make college affordable for Zees, but the vast majority of debt held is graduate school debt, mostly by women. [/quote]
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