Source: Good Morning America!
My wife saw this on the morning news, and sent it to me. Great news!
The plan includes Parent Plus loans, so borrowers whose families had to take out debt on their behalf will be included as well.
And it halves monthly payments for those on income-driven repayment.(Source: Ilhan Omar)
As a parent of a child who is still paying off debt, I am grateful. Probably because I’m paying some of that debt off, too.
For those who may have missed the Public Service Loan Forgiveness (PSLF) opportunity, read more about it:
If you have worked in public service (federal, state, local, tribal government or a non-profit organization) for 10 years or more (even if not consecutively), you may be eligible to have all your student debt canceled. Now, for a limited time, it is easier than ever to receive that forgiveness, or get credit toward forgiveness, if you have not yet served 10 years.
But you must apply before October 31, 2022. (Learn More)
Getting educated is SO expensive these days, but pays off for everyone in society when we can get our children educated with college degrees and technical certifications.
I have to agree with this Twitter comment:
Education of our citizens in an investment into the future of our country. Education should be free. Great! Cancel the debt but make education free, too. Source: Peter Deocares-Lengy
As an educator and parent, I can definitely see the benefits of this for our country. If we aren’t all educated, we can’t do much to compete and collaborate with the world. I don’t want our children unprepared to meet the challenges of today and tomorrow…an education is the way to go.
I can’t help but remember a piece I wrote as a teenager, about my Dad, a son of a Swedish immigrant family, shortly after he died. My Dad was a Korean Conflict veteran, and his story was the only story I had in me as a digital story at the time.
Everything posted on Miguel Guhlin’s blogs/wikis are his personal opinion and do not necessarily represent the views of his employer(s) or its clients. Read Full Disclosure
Discover more from Another Think Coming
Subscribe to get the latest posts sent to your email.