Hofstra students react to Biden’s student loan relief plan – the Hofstra Chronicle
Paying off student debt is a scary thought, especially during a pandemic. However, President Joe Biden has pledged to forgive up to $ 10,000 in federal student loans during his campaign. // Photo courtesy of The Impact
During his 2020 presidential campaign, President Joe Biden pledged to forgive student debtors up to $ 10,000 in federal student loans. While Biden has yet to follow through on that election promise, some Democrats, like Congresswoman Pramila Jayapal, are asking for more. – up to $ 50,000 forgiveness.
The current student debt balance in the United States stands at $ 1.7 trillion, and many Hofstra students are wondering when they will be able to get debt relief.
“I would certainly approve [$50,000 in loan relief]Said Olivia Keena-Ross, a major junior in theater. “It would be extremely useful because it would probably pay off most of the loans I will have taken out after graduation.” Keena-Ross uses federal student loans to pay about a third of her tuition fees. She said she would have “financial problems” without them.
The resolution for a $ 50,000 student loan relief plan received the support of 60 lawmakers, including Senator Elizabeth Warren and Senate Majority Leader Chuck Schumer. 17 state prosecutors and more than 325 organizations have also publicly supported student debt cancellation, according to Forbes.