The revived discourse around student loan forgiveness has created a forest for the tree moment, yet again, in how the masses react to what is purported to be incremental “wins.” The Biden administration recently announced that the federal government will forgive $10,000 in student loan debt for Americans making less than $125,000 annually as well as extend the student loan repayment moratorium. This announcement is in stark difference to the campaign Biden ran on, yet this offering is being oversold by mainstream media pundits and journalists ultimately causing mass confusion about what is happening in and with higher education. Granted, . . .
Just as I suspected, Biden is announcing that he will approve the cancellation of $10,000 in federal student loan debt. I guess Biden is expecting some kind of returns on his efforts in the midterm elections, but I seem to recall his campaign promise to “Forgive all undergraduate tuition-related federal student debt from two- and four-year public colleges and universities and private Historically Black Colleges and Universities (HBCUs) and Minority-Serving Institutions (MSIs) for debt holders earning up to $125,000.” That’s directly from the Biden/Harris campaign website as confirmed by Politifact and their Biden Promise Tracker (which you should definitely check . . .
The Biden Administration is facing yet another looming deadline as the last extension on the pause on student loan repayments is approaching the August 31 deadline. The Department of Education has been telling student loan servicers however NOT to contact borrowers to start demanding that money as the deadline approaches, which signals they are expecting the Biden Administration to announce another extension. And honestly, that’s the least, and I mean the very absolute least Biden could do; he should have done it already. Scott Buchanan, the executive director of the Student Loan Servicing Alliance, which represents all of the companies . . .
On September 1, 2021, Hurricane Ida hit Southeast Louisiana, temporarily displacing thousands of New Orleans residents, including myself and most of my family. Residents who had the means evacuated early, leaving others to fight for limited resources while simultaneously seeking refuge in neighboring cities. On top of their pre-existing bills, evacuees were forced to front the costs of hotels, food, gas and repairs or even replacement of their own homes. Natural disasters produce an overwhelming amount of stress and anxiety — you simply don’t know if you will have a house to live in until you are able to return home. I . . .