Local student welcomes Biden’s proposal to forgive the student loan

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HORRY COUNTY, SC (WMBF) – A central theme of President Joe Biden’s presidential campaign was the issue of federal student loans.

Biden has proposed providing up to $ 10,000 in federal student loans. However, Democrats in the US House of Representatives and Senate want to raise the amount of forgiveness to $ 50,000.

More than 40 million Americans have student loans totaling approximately $ 1.6 trillion.

For students like Alexandra Collman, a freshman at Coastal Carolina University, forgiveness has the potential to help a lot.

“Every little bit helps, even a $ 100 scholarship,” said Collman. “This proposal shows that college prices are incredibly high and nothing else has changed. It’s just ridiculously expensive and less and less affordable for everyone. “

Dr. Elaine Maimon, former university president and current writer and advisor, also commented on the proposal to cancel student loans.

Originally, Biden proposed loan waiver to nonprofit citizens, but is now expected to ask Congress to repay the student loan debt for. to enact all borrowers.

Maimon said that for the school and who would pay them for the education provided, the schools have already received the money from the loan. Maimon said the help was a strict forgiveness for the student, adding the call was a “no no brainer”.

“It will be a great sense of morale and encouragement for people who are grappling with all of the worries of student debt and trying to get their lives going and start their careers. I just think it’s almost a no-brainer that this should be done, “said Maimon.

It is important to note that nothing is set in stone yet and it may take a while for people to see something.

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