'I could actually plan my life': What student debt forgiveness would mean for borrowers

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Half of Americans say student debt is 'a major problem.' Here's what borrowers would do without it

Warren is the only presidential candidate to issue a detailed plan on student debt forgiveness. Under it, borrowers with household incomes under $100,000 would have $50,000 of their student debt canceled, and those who earn $100,000 to $250,000 would be eligible for relief on a sliding scale. "The time for half measures is over," Warren writes. "My broad cancellation plan is a real solution to our student debt crisis.Critics of the proposal, which could cost $1.

Currently, she's a supervisor at an aerospace manufacturing company in San Diego. "If I didn't have that debt hanging over my head, I'd probably find a less demanding job," Mendoza said. "It's difficult when you're in so much pain you don't want to move, but you have to get up and go to work.": In 2018, Americans over age 50 owed more than $260 billion in student loans, up from $36 billion in 2004, according to the Federal Reserve.

"If I could understand the implication of having this debt forever, I might have made a different choice," Hopkins, 31, said of her education. Today, she works as a national field manager at a nonprofit in Denver. "I have a lot of financial stress now, as a lot of our generation does," Hopkins said. "How am I ever going to get to these goals I have for my life?", 27, studied communications at Bowling Green State University in Ohio, and has long wanted to tell stories about autism. Her sister is on the spectrum.

 

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Quit acting like children. Grow up and pay your bills.

Masters in women’s studies. That right there is the problem. We need to provide loans based on potential return who the hell borrows $150k for a masters in women’s studies

Sorry kids, if you spend $120k on a bacholers degree you are an idiot. Go to community college for two years, finish at a four year school for less. Amazing!

This is mainly a middle class liner white women problem. The poor get scholarships and the rich can pay. It’s the middle getting squeezed especially if you pick wrong major and go to a private liberal art college. Question is are we willing to spend billions for more social blogs

Nobody benefits from tens of millions of Americans in modern day Debtor’s Prison. Give them a way to earn their way out through teaching or public service. 🚁 💸 💸 💸 👨🏻‍🎓🙇🏻‍♂️ — I am overwhelmed

HelicopterHope

It’s their major problem!

Government should lower the education fees or else there is a debt trap A common man cannot Avoid. Somethings should be subsidised at the Government level for the sake of common man. In the end it will help in nationbuilding and empowering common people.

I wrote this article in November 2016 — use the Fed to address the problem at the source. HelicopterHope

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