Jan 21, 2022

Student Debt Crisis


Ever notice that Republicans always take issue with any relief that can change lives? It's no secret that tens of millions of Americans owe a collective $1/7 trillion in student loan debt. Of that amount, millions of borrowers already had student debt forgiven through targeted relief, and I'm happy for them. In my mind, student loans are nothing more than punishment for students who want to better themselves. Student loan companies charge ridiculous interest rates, and all Virginia Foxx can say is "The student loan payment pause is troubling." No...she's upset at the loss of revenue from loan repayment. She didn't say anything when folks were repaying their student loans because the money was flowing, but as soon as people started struggling and Biden extended the student loan pause, that's when she & other Republicans were in their feelings. It's all about money with her & many other Republicans. So what revenue will be lost from loan repayments? Loan companies can stand to lose revenue since they charge ridiculous interest rates. I'll take it further and say: I don't care about loan companies losing revenue from student loan repayment; I care about those struggling to repay their student debt through no fault of their own. Then again, this is the same party that used the filibuster to block voting rights legislation.

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