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I Got My Summer Refund Check!

  It’s my favorite time of the semester you know the one where free money is involved?! My semester started a week ago and my refund posted shortly after. If you’ve been reading my blog or watching my YouTube channel, then you know I am a champion for scholarships and free money. This past year my employer decided to pay for doctoral degrees in full which greatly assisted in my debt free journey. Figure 1: This is a thumbnail of my latest YouTube video “I Got My Summer Refund Check” where I am sitting in my office with my hand under my chin with a smile while looking at the camera. Although my schooling is paid for, I still have several scholarships that provide some overage. My goal is to not only obtain my doctorate degree for free but to make money while doing it! This summer I received two scholarships for $500 each for a total of $1000! One scholarship was given to me by the university without me having to apply while the other is for my work with a local community college.  With

What's Biden Doing for Student Loan Forgiveness? (You May Already Qualify!)

 



(This a photo of me smiling at my desk used as a thumbnail for my YouTube video on What's Biden Doing with Student Loan Forgiveness?)


A hot topic right now in politics is the Biden Administration and student loan forgiveness. I myself have been keeping up with all headlines regarding this matter because like most of you all I have a student loan balance. While the balance is small compared to most folks, it’s still a balance and where I’m at currently in my debt free journey. In case you were unaware, about two weeks ago a report came out that President Biden asked Michael Cardona, the Secretary of Education to write a memo regarding the legalities of him being able to forgive student loan debt through an executive order and how much can be forgiven.

Biden’s main buzz around his campaign to become president was that he would forgive $10,000 in student loan debt. However, now democrats are pressuring him to forgive at least $50K but Biden seems to be unsure about this citing that he would rather go through Congress, which is very unlikely to happen. According to this student loan plan, Biden would allow those with student loans who make under $125K to be eligible for student loan forgiveness. In case you were unaware, two groups of people have already qualified for student loan forgiveness.

Individuals with disabilities declared totally disabled and those who attended for profit schools who have gone out of business have recently received student loan forgiveness. While there is, no timeline on when a decision will be made it seems as if something will most likely happen by September 30, as this is when the moratorium regarding no payments and interest accrual will end.

If you’re like me and paying off your debt you’re probably wondering if you should pay your student loans with student loan forgiveness seemingly being so close to actually happening. My personal views for myself are that until I hear the news that loans are being forgiven I plan to pay them. What do you think? Should we hold off on paying or take advantage of no interest? Check out the video below for more information.

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