People earning $125,000 or less will see $10,000 eliminated from their student loan debt
U.S. President Joe Biden delivers remarks after the the U.S. Supreme Court ruled in the Dobbs v Women's Health Organization abortion case, overturning the landmark Roe v Wade abortion decision, at the White House in Washington, U.S., on June 24, 2022., our daily newsletter that keeps readers up to speed on the most essential Texas news.
“I’m very stunned and shocked,” Vavis said Wednesday. “I didn’t expect to not have any student debt until at least my 30s just because of where I live and the high cost of living. Trying to budget for student loans has always been stressful. And now to have that off my plate is a big relief.”Biden’s student loan forgiveness plan comes after months of debate.
This marks the first time in U.S. history that a president has issued a widespread forgiveness of student debt. The move has received criticism from both sides of the political spectrum. Democrats have argued Biden should forgive a larger amount of student debt while Republicans argue that forgiving debt will increase inflation and oppose any cancellation to high-income earners.
For Williams, it’s unclear how that change would impact her last year of student loan payments since her income has risen during the pandemic.Stephanie Borden, who lives in Carrollton, has around $57,000 left to pay off on her student debt. She said she appreciates any help to cut down the debt and hopes the forgiveness will reduce her $400 monthly payment. She didn’t realize how much it impacted her life until she was able to pause the payments during the pandemic.
Vanessa Sansone, an assistant professor of higher education at the University of Texas at San Antonio, said it’s also time to take a harder look at who is qualifying for college in Texas and who completes a college degree.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tracking Air Pollution Disparities — Daily — From Space (Video)Pollution, disproportionately affects communities where economically disadvantaged people and Hispanic, Black and Asian people live.
Read more »
5 Ways Smart People Sabotage Their SuccessRaw intelligence is undoubtedly a huge asset, but it isn’t everything. And sometimes, when intellectually gifted people don’t achieve as much as they’d like to, it’s because they’re subtly undermining themselves. Five things smart people tend to struggle with: Smart people sometimes devalue other skills, like relationship building, and over-concentrate on intellect. Teamwork can be frustrating. Smart people often attach a lot of their self-esteem to being smart, which can decrease their resilience and lead to avoidance. They can get bored easily. And smart people sometimes see in-depth thinking and reflection as the solution to every problem. Learning to overcome these habits could be just the thing that gets your career unstuck.
Read more »
The Pros & Cons Of Dating A Friend — From People Who've Been ThereSo, you've got a crush on your cute friend. Should you be brave and ask them out, or should you keep quiet and stay platonic?
Read more »
People Are Talking About The Saddest Songs They've Ever Heard, And It's A Sobering List'When I hear 'Time in a Bottle,' all I think about is Jim Croce leaving behind his little boy. I still like the song and appreciate it, but it makes me sad every time I hear it.'
Read more »
People should pay their debtsAt the peak of the pandemic, now more than two years ago, Congress (in the CARES Act) suspended payments due on student loans.
Read more »
22 Gifts for People With Diabetes That They’ll Actually Want to ReceiveFrom almost pain-free lancing devices to low-carb sweet treats, these are some of the best gifts for diabetics out there.
Read more »