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So...About Those Student Loans

Writer's picture: D'Asia SessionD'Asia Session

Updated: Dec 27, 2020


With Biden and Harris finally taking their place in public office and articles floating around about student loan debt and how much of it will be cancelled or not cancelled at all. the question on a lot of students minds became, "So what's going on with student loan forgiveness?" I have never been shy about the amount I currently owe for student loans or the stress it used to cause me. I currently owe over $60,000 in student loans. Am I paying on them? Definitely? Did I used to stress about them? Obsessively. Do I have a plan to pay them off? Of course! But, that doesn't mean student loan forgiveness in some form wouldn't be appreciated.


When you want to buy a house or when you're interested in buying another car, it's always recommended to look at your current debt and determine how much more debt you are willing to take on. Having student loans hanging over your head when you want to purchase a home or a new car can really halt the plans you might have for yourself. For some people who have allowed their student loans to sky rocket, it can decrease your credit score drastically and hinder you further.


Student loan debt has been a thorn in the side of many, and it can be even more difficult to manage if you've been laid off or unable to find a job in these COVID times. And even though Biden is talking about student loan forgiveness for those who went to public universities, people with debt from private universities will be hoping for some student loan forgiveness or reform as well.

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