The Biden administration must cancel student loan debt
It would increase opportunities for an entire generation to invest in entrepreneurship, retirement accounts, and generational wealth through homeownership.
Just a few classes shy of her bachelor’s degree, my mother made an impossible choice: to continue on or leave college. Facing medical issues, mental illness, and the stress of parenting seven children while homeless, she was struggling – her https://worldpaydayloans.com/payday-loans-co/ grades suffered, and she dropped out of the university. When students don’t complete their degree, their student loans cannot be forgiven or canceled, and within six months of leaving school, the first bill arrives. With thousands of dollars in student loan debt and accrued interest, my mother was unable to return to school. While a college degree could have lifted my family from poverty before our conditions spiraled out of control, the cost of her incomplete education compounded it.
I applied to college to reshape the trajectory of my life and graduated from the University of Massachusetts Amherst in 2020. Like my mother, I accrued nearly $40,000 in debt, evident in the student loan bill that hangs on my bedroom wall. A brighter future offered by higher education comes with an asterisk – a debt that hinders social mobility and prevents many college graduates from buying homes, getting married, and even having children.
While an education has often been described as a great equalizer, the high cost of a college degree reflects a growing contradiction. Continuar leyendo →
