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Biden to Forgive Student Loans in August 2022?

  Alright folks I’m back with another student loan update! According to CNBC, Biden is set to make a decision on student loan forgiveness by the end of August 2022. Now while I’m not entirely sold that this is actually happening, there are several things for you to be aware of. First things first there is still no clear information on how much will be forgiven. While Biden did discuss student loan forgiveness of $10K during his campaign trail other sources have reported higher amounts of 50K. Of course, none of this is set in stone and we are all waiting to hear something. This is a thumbnail of my latest YouTube video on “Biden to Forgive Student Loans in August?” I am looking at the camera suspiciously while seated in my office. The background is red. There may also be income restrictions of who may qualify for student loan forgiveness. Single folks may have a threshold of 125K-150K while those who are married may be between 250K-300K. There is also some talk surrounding what typ

I Got A Refund! What Should I Do With It?

 

I got a refund! When I got the email notification that I would be receiving a refund my excitement went through the roof! This is the first time that I have received a refund since undergrad! In case you’re wondering, a refund is the overage from your financial aid that you receive once everything has paid out. With this being the summer semester and funds being limited I was not expecting this at all.

Figure 1: This is a thumbnail of my latest YouTube video on I Got a Refund! What Should I Do With It? Where I am looking excited!


The extra money that I received came from a summer grant and CARES Act funding. Since I had already paid my tuition fees for this semester I was able to receive a total of $632 of FREE money! Free money means that I do not have to pay any of this back and it is mine to use as I please! You’re probably wondering well how did you get a grant when funds are limited during the summer? Did you apply for this? While I did apply for the CARES Act funding, I did not apply for the other summer grant that I received. I assume that it was likely overage from not as many students being enrolled during the summer or from students that did not meet a certain set of stipulations that I just so happened to meet.



Figure 2: This is a photo of a one-hundred dollar bill. 

I plan to use this money to further my debt free journey by pushing it towards my student loans. When you receive any type of refund you want to make sure that it is put towards any goals that you have that will help you to reach your ultimate purpose. Right now, my purpose is to become debt free so that I can create a legacy for my future family. So don’t just blow it on a vacation or something that you don’t need! Did you get a summer refund? If so, how are you spending it? What financial goals are you currently working on? Drop down in the comments and let me know and be sure to check out my latest video on the topic!

Figure 3: This is a photo that says "Dream Big, Set Goals, Take Action".



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