BING BONG! President Joe Byron has made an official statement
regarding student loans. One that many of us were not expecting to hear. Well
not me because I suspected this all along hence to why I am paying my student
loans off. If you have not heard, Mr. Biden is not extending the federal pause
on student loans. That means that on February 1, 2022 you will need to begin
making payments again and your interest is back in affect.
As you all know I decided to pay off my student loans
about a year ago when I started by debt free journey. Thanks to Jesus and all
of my hard work, I am almost there and will update you at a later date on what
I did to pay off my student loans. Many folks are in an uproar and feel
straight up played by Mr. Biven. Are you one of those folks? Do you feel like
he flat out lied to the people to win the election?
Figure 2: This is a photo of President Joe Biden at a press conference. He is wearing a blue suit while motioning towards the camera. There are American flags in the background.
If we take a
deeper dive into this Mr. Biden has provided some student loan forgiveness it
just was not what we were expecting. People with disabilities who are totally
or permanently disabled have seen their student loans wiped out and there have
been many updates to the PSLF program. While these are all great strides it
still doesn’t quite meet that across the board general student loan forgiveness
that everyone was hoping for. How does this ultimately affect you if you have
student loans? Do you have a plan to pay them off or have you already forgiven
them yourself?
Figure
3: This is a photo of a sign that says “Student Debt” surrounded by $100 bills.
I work with many college students who I often ask how
they are paying for school. Many of them respond by saying “Oh just student
loans.” It’s almost like second nature for this to roll off of their tongues
with no regard with how this decision will ultimately affect their financial
future. If you are a college student who is reading this please do not just
assume that your loans will be forgiven or that you have to take out student
loans. As someone who got a master’s degree in counselor education for FREE
there are other ways trust me!
SUBSCRIBE: President
Joe Byron Student Loan Forgiveness Update!
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