Now that President Joe Biden and Vice President Kamala Harris have taken office, speculations are swirling about new bills that might be passed. One idea that caught my attention — and the attention of many others — is forgiving the national student loan debt. Interest on our loans has been put on hold for almost a year now, and it looks set to continue that way in the interim future.
Forgiving student loan debt completely would remove many struggling Americans from low-income situations. It would give college graduates a fresh start that isn’t weighed down by thousands of dollars of debt.
Like anything great in the world, there are haters who oppose this idea. These haters are mainly Boomers (Baby Boomers). Their main counter-arguments to forgiving student loan debt are:
- “How is that financially possible?”
- “That’s not fair because I already paid my loans off.”
- “You should’ve gotten a real degree that pays money.”
Every time I see Boomers try to argue these points, I smack myself in the face. The same way I smack myself in the face when they wonder how it’s been possible for me to work from home or how Facebook knows what ads to show.
As someone with student loan debt, let me be the first to say: It’s hard out here.
It’s financially possible
If you’ve been paying the slightest bit of attention to our government over the last year, it’s been throwing around trillion-dollar stimulus checks like baseballs in the backyard.
The national student loan debt is $1.6 trillion. Some people are drowning in debt as big as $500,000. Biden just conjured up a $1.9 trillion relief bill like a wizard. From the looks of things, we’ve got money to forgive student loans.
Not only that, every relief bill passed by the Trump administration should be taken into consideration. The Paycheck Protection Program (PPP) funds bailed out many large companies instead of small businesses, and the funding for that was $669 billion.
That’s a huge chunk of the national student loan debt amount.
The argument of “where would all this money come from?” doesn’t hold true anymore like it used to. For an entire year, we’ve seen the government magically make money appear and then hand it out.
If this is your stance on the national student loan debt, you’re a hater.
It’s completely fair
Just this morning, I hopped on Twitter and look what I saw.
This is the most crybaby response I’ve ever seen in my life. Anyone who has already paid off their student loans and thinks it is unfair for others to have theirs canceled needs to wake up.
First of all, good for you and congratulations. But are you that self-centered and selfish that you want other people to drown while trying to get out of debt?
Just because you were able to pay off your student loans doesn’t mean everyone else is in the same boat as you.
People act like forgiving student loan debt will cause physical harm to the people who paid theirs off. Nobody is harming you or saying you have to pay more money. You paid yours off; you’re done. Feel free to continue with your life while the rest of us struggle and drown in debt.
You really don’t have a grasp over how bad some of us college graduates are struggling to make money, even with a degree. Your world is rainbows and buttercups while you ‘struggled’ to pay $50 a month toward your minor student loan debt.
Meanwhile, there are graduates making no money but working their asses off trying to cover all of their expenses and still being held back by debt. Here you are fighting to push them down in more debt. Ridiculous.
Major doesn’t matter
This is the point that put me over the edge.
Some people have the audacity to say, “if you chose a better major in college, you’d be able to pay your student loan debt.”
If I want to major in basket-weaving, that’s my God-given right.
Honestly, I know people who majored in basket-weaving and now work at banks. You can find a variety of different jobs that are not dependent on your major. That’s not the point of why we should cancel student loan debt.
It’s when you find a job, like working at a bank, and you’re still struggling to pay your loans, maintain a car and pay for living expenses. That’s when those extra couple hundred dollars of student loan debt every month really hurt. It’s not about what degree we chose.
It shouldn’t matter what I majored in. As long as I’m working hard and paying off my bills, I should be able to live the American Dream without student loan debt dragging me down.
I saved this point for last because people who think this aren’t self-centered or immature. They are just confused.
We should be able to major in something we find interesting, not something that pays the bills but makes us want to cry after work every day.
That’s not living. That’s dying, in debt.
It’s time to forgive student loan debt.