Biden's Plan To Forgive Federal Student Loan Debt | What You Should Be Doing Instead

The Biden administration is planning to forgive federal student loan debt for borrowers in the near future. Here’s the details.

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The Biden administration is looking to forgive $230 billion dollars worth of federal student loans, settling the balance for roughly a third of borrowers.

Many people are affected by the student loan crisis we have here in America. If you are someone who has student loans it is your own financial responsibility to get them out of your life for YOU. If you are someone who has student loans, you have probably been hearing all this talk about the idea of forgiving student loans and you may be wondering what you should be doing. Should you pay them off? Should you just wait to see if the government forgives them? In this video I discuss what this proposed plan to forgive federal student loans will more than likely consist of and other details. I also explain what you should be doing if you have student loan debt given these circumstances.

If you are considering college or if you have a child going off to college soon, I quickly discuss ways you can go to college debt free to avoid student loans. You do not need to get student loans and go into debt to get a college education, nor should you.

The documentary “Borrowed Future” by the Ramsay Solutions team is a great documentary that discusses the student loan crisis we have here in America. I highly recommend giving it a watch if you are considering college or have student loan debt.
Borrowed Future: https://www.ramseysolutions.com/shows/borrowed-future-documentary
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*Note that I am not a financial advisor and nothing in this video should be taken as financial advice. This video is for entertainment purposes only.*

Sources:
https://www.washingtonpost.com/us-policy/2022/05/27/biden-student-debt-borrower/
https://www.washingtonpost.com/education/2022/05/22/student-loan-borrowers/
https://www.forbes.com/sites/zackfriedman/2022/05/31/student-loan-forgiveness-is-completely-unfair-to-these-people/?sh=2b751fc81035
https://www.pgpf.org/blog/2022/04/what-are-the-pros-and-cons-of-student-loan-forgiveness
https://www.pgpf.org/blog/2021/10/student-debt-has-increased-sevenfold-over-the-last-couple-decades-heres-why
https://studentloanhero.com/student-loan-debt-statistics/
https://educationdata.org/average-cost-of-college
https://www.cnbc.com/2022/06/01/biden-administration-will-cancel-student-debt-for-half-a-million-students-from-corinthian-colleges-.html

#StudentLoans #Forgiveness #Biden