The student loan forgiveness plan was a second chance for many. So what happens next for thousands of students who are struggling to make ends meet already?
When the Supreme Court struck down the Biden administration’s student loan forgiveness plan, for many people it was a case of what next?
Already dealing with higher living costs, a struggle to find a real good paying job.
And while the President tries to find a way to help the younger generation, many of whom are more likely to vote for him next year, the simple fact is this- The secretary of education does not have the authority to forgive US$430 billion of student loans.
That kills the president’s proposed plan to forgive up to $10,000 in student loans per borrower.
It’s a significant sum, especially for low income earners.
“There’s not a county in this country where someone can rent a one bedroom apartment on minimum wage salary right now,” said independent journalist Andrew Hirschfeld.
“So if you have all of this money going to paying off student loans, especially with the predatory interest rates that are generally across the board it puts your life on hold in a lot of ways.”
