Young Minnesotans excited about
Biden's pitch to cancel $10,000
in student loan debt
Posted By: Ribicon, 1/28/2021 4:33:29 PM
Abdulaziz Mohamed can hardly fathom the idea of having his student loan debt wiped away. The University of Minnesota sophomore, who has amassed about $10,000 in debt, often thinks about his job prospects and whether he will be positioned to quickly pay off the loans. President Joe Biden's call to cancel $10,000 in federal student loan debt for all borrowers gives Mohamed hope of a future where young people aren't crushed by debt. "That would be a huge lift off my back," he said. The debate over how to tackle the mounting student debt crisis has intensified since Biden was elected,
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Comments:
Won't someone consider Abdulaziz? Unless I'm mistaken, student loan debt can encompass more than just tuition; you can borrow X amount of money as a student, which can be used to pay credit card bills, offset rent, buy clothes, whatever. So-called advocates say this is a good first step, but is part of a systemic problem. In reality, all this does is increase the cost of university that much more, thus forcing it to become "free" and even more expensive for the saps who pay taxes.