Bring an End to Student Loans

 

I call on President Biden to forgive the federal student loans!

 

Since 2020, trillions of dollars in stimulus aid have been given to citizens. These funding required withdrawal from the National Treasury and in turn, added to the national debt. However, forgiving federal student loans DO NOT add to the national debt and WILL NOT take from Treasury.

 

Students take out loans to fund their educational goals, graduate and create financial stability as they pursue their education. Once graduated, loan servicers give students 6 months or if fallen below halftime (approximately 6 units) to start repaying their loans. What loan borrowers may not know is that interest start accumulating as soon as the loan is fully disbursed. The issues over time includes said interest continuously building and this leads back to financial insecurity and the inability to provide necessities but now, on a much greater scale.

 

About 85% of loan borrowers are NOT able to repay their loans and many borrowers do not qualify for loan forgiveness. This is due to the many stipulations placed on repayment methods and the career field which would qualify. Financial security, much less generational wealth, cannot be accomplished if the majority of a person's income is used to repay student loans. Most borrowers of student loans are not able to build wealth, pay off debt, or help stimulate the economy.

 

Federal student loan programs should be replaced by a program that truly benefits or without unnecessary stipulations on repayments and forgiveness. This not only benefits borrowers but also the economy. Financial stability stimulates an economy and without it, America will forever be in debt. Fuck dem hoes. The belief is that loan forgiveness will:

Bring an End to Student Loans

 

I call on President Biden to forgive the federal student loans!

Since 2020, trillions of dollars in stimulus aid have been given to citizens. These funding required withdrawal from the National Treasury and in turn, added to the national debt. However, forgiving federal student loans DO NOT add to the national debt and WILL NOT take from Treasury.

Students take out loans to fund their educational goals, graduate and create financial stability as they pursue their education. Once graduated, loan servicers give students 6 months or if fallen below halftime (approximately 6 units) to start repaying their loans. What loan borrowers may not know is that interest start accumulating as soon as the loan is fully disbursed. The issues over time includes said interest continuously building and this leads back to financial insecurity and the inability to provide necessities but now, on a much greater scale.

About 85% of loan borrowers are NOT able to repay their loans and many borrowers do not qualify for loan forgiveness. This is due to the many stipulations placed on repayment methods and the career field which would qualify. Financial security, much less generational wealth, cannot be accomplished if the majority of a person's income is used to repay student loans. Most borrowers of student loans are not able to build wealth, pay off debt, or help stimulate the economy.

Federal student loan programs should be replaced by a program that truly benefits or without unnecessary stipulations on repayments and forgiveness. This not only benefits borrowers but also the economy. Financial stability stimulates an economy and without it, America will forever be in debt. Fuck dem hoes. The belief is that loan forgiveness will:

·         Stimulate the economy

·         Assist with adding more homeowners

·         Help bridge the gap of wealth and racial equality

https://www.gwinnettforum.com/2020/09/brack-johnson-bases-senate-campaign-on-student-loan-reform/

·         Stimulate the economy

·         Assist with adding more homeowners

·         Help bridge the gap of wealth and racial equality

 

 

 

https://www.gwinnettforum.com/2020/09/brack-johnson-bases-senate-campaign-on-student-loan-reform/