Students Outraged Over Biden’s Bailout

A New Jersey human resources specialist who worked off over $30,000 in student debt told Fox News Digital, “A loan is a loan.”

This came in response to the new Biden government student loan distribution scheme, which has drawn a variety of opinions.

Students Are Not Happy

She further added, “I won’t push the state or anybody else to pay that money back for me.”

The other week, President Biden unveiled a student loan giveaway program that will use US tax dollars to pay off up to $10,000 of school debt per borrower for Americans making below $125,000 annually.

The idea extends the suspension of federal college loans through the conclusion of this year, while eliminating up to $20,000 in payments for holders of Pell Grants.

According to the Council for a Balanced Federal Budget, the overall cost of the loans will be $500 billion.

After years of growth, the country’s government student debt now exceeds $1.6 trillion, while the Treasury Department estimates the total amount of the country’s debt is now at $30.7 trillion.

It is always a loan.

Alysandra, who works in human capital in New Jersey, declared, “I am no economist or financial person. I am a common citizen.” (She requested that her last name not be used.)

In a phone conversation, she stated, “Debt is a loan.” She said after taking on student loans, “It was my financial responsibility to return that cash. That is how I perceived it.”

She added, “I didn’t think the government would waive my debt.” She replied, “I did whatever I had to do to get it paid off. It was my financial and personal obligation to pay it off.”

Paying Off Debt

After graduating from college and starting a full-time job, she added, that meant continuing to live at home with her family. She confirmed to Fox News Digital she still resides at home.

She stated, “Honestly, it seems to me, today [with the giveaway plan], individuals are getting praised for doing the lowest amount] — after I did the appropriate thing and worked hard to pay it off.”

She acknowledged she “wasn’t making payments of the bare minimum” toward her debt. She claimed in order to get her loan paid off, “I was spending well more than the smallest amount.”

“I noticed what the rates of interest were and I made a choice,” she said, adding she was motivated to reduce her debt as rapidly as possible. Again, whatever it is, a loan is a loan, Alysandra replied. “You need to repay that.”

She acknowledged, “People are receiving assistance from this loan forgiveness program at this time. However, it’s only a Band-Aid.”

“They will nonetheless be responsible for that debt “of the forgiveness gift from Biden,” she said.

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