Who gets student loan forgiveness? Relief prompts joy, angst
Associated PressFor Nick Marcil, the cancellation of $10,000 of his student loans could mean at last moving out of his parents’ house. Marcil, 24, studied at a Pennsylvania state college, earned scholarships and worked jobs while pursuing degrees in education but still owed $18,000 before Wednesday’s action by the Biden administration to erase some student loans. “I don’t want to say you can’t attend that field trip or you have to wear hand-me-down clothes that the other children make fun of.” If President Joe Biden had chosen to relieve more student debt, it would have a bigger impact, she said, especially for Black women like her. “It took both of my parents years to pay off their college debt, and now they’re being told that if they had just waited for a little while it simply would’ve vanished,” said George Washington University student Jackson Hoppe, 19. A bailout “places an additional burden on Americans, many of whom didn’t even go to college,” Hoppe said.