Post by 🦍MAXX＞ⓤ on Feb 14, 2023 19:39:54 GMT -5
Alexandria Mavin, 33, is disappointed — not only with the lawsuits that have blocked President Joe Biden's student-loan forgiveness, but with the way other people have reacted to the idea of debt relief.
When Insider first spoke to Mavin in 2021, she had paid back $70,000 of her original $117,000 student-loan balance from her undergraduate education since 2013, but still owed $98,000. Now, Mavin owes $90,869 on her student loans — three of which are privately owned, and one of which is a $30,862 federal loan. She said she has been paying all of them off diligently, even as interest has kept accumulating on her balance.
When Biden announced his plan to forgive up to $20,000 in student debt for Pell Grant recipients making under $125,000 a year, and up to $10,000 for other federal borrowers under the same income cap, Mavin was cautiously optimistic because she would qualify for the full $20,000 amount of relief on her federal loan — but she recognized it was not yet set in stone.
"As soon as I saw the announcement pop up on the TV, my heart skipped a beat. I felt extreme relief," Mavin said."And then the realism in me kicked in since it was a plan, it wasn't written in law. So my heart skipped a beat with excitement and feeling a rush of relief, and then the light bulb came on that it was a plan. I was like,'Oh, someone's gonna mess with this.'"
www.yahoo.com/news/meet-mom-90-000-student-121500090.html
When Insider first spoke to Mavin in 2021, she had paid back $70,000 of her original $117,000 student-loan balance from her undergraduate education since 2013, but still owed $98,000. Now, Mavin owes $90,869 on her student loans — three of which are privately owned, and one of which is a $30,862 federal loan. She said she has been paying all of them off diligently, even as interest has kept accumulating on her balance.
When Biden announced his plan to forgive up to $20,000 in student debt for Pell Grant recipients making under $125,000 a year, and up to $10,000 for other federal borrowers under the same income cap, Mavin was cautiously optimistic because she would qualify for the full $20,000 amount of relief on her federal loan — but she recognized it was not yet set in stone.
"As soon as I saw the announcement pop up on the TV, my heart skipped a beat. I felt extreme relief," Mavin said."And then the realism in me kicked in since it was a plan, it wasn't written in law. So my heart skipped a beat with excitement and feeling a rush of relief, and then the light bulb came on that it was a plan. I was like,'Oh, someone's gonna mess with this.'"
www.yahoo.com/news/meet-mom-90-000-student-121500090.html
