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Biden's student loan forgiveness program faces a new threat from Senate Republicans - ABC17NEWS

By Grace Chen
Published in Financial Planning
March 29, 2023
1 min read
Biden's student loan forgiveness program faces a new threat from Senate Republicans - ABC17NEWS

So, I just read this article about how Senate Republicans are threatening Biden’s plan to forgive student loans. As someone who’s still paying off student debts, this really caught my attention.

Basically, Biden’s plan would forgive up to $50,000 in federal student loans per borrower. It’s a pretty big deal because over 40 million Americans have some sort of student debt. But Republicans are pushing back, saying that it wouldn’t be fair to those who have already paid off their debts or never took out loans to begin with.

Personally, I think it’s important to acknowledge that many people who haven’t paid off their loans simply can’t afford to. It’s not like we all happily took out loans with the intention of never paying them back. The cost of higher education is ridiculous and many of us didn’t fully understand what we were signing up for when we took out those loans.

It’s frustrating to see politics getting in the way of helping people who are struggling with student debt. The reality is that forgiving these loans would make a huge difference in so many people’s lives. And it’s not like it would solve all of the problems with higher education costs, but it would be a step in the right direction.

Overall, I think this article is worth checking out if you’re someone who has student loans or just cares about making higher education more accessible to everyone. It’s a reminder that even when there are good ideas on the table, there will always be opposing forces trying to shut them down.


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Grace Chen

Grace Chen

Freelance Writer

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