Biden announces student loan handout as national debt soars

This is crap. First, it hurts many of the killed trades and others who did not go to college. Second, many students have majors that will not let them get an income that they can support themselves with their majors. We only need so many social workers. Finance is better for some. Hard sciences (Chemistry, Physics, Engineering, and Biology) are better.
How many social workers do we need? Can they repay their debt?

I put the responsibility on the parents to guide their children and seek help from good teachers to help direct them. I came from a lower middle class family. I liked science and my teacher helped me to get into summer programs that had scholarships. I was blessed to work with very good mentors in college and as an intern at work at Tennessee Eastman. My supervisor told me that the American Chemical and Society found that most chemists worked with polymers in their work. My recommendations from these mentors got me into the Ph.D. program at UMASS.

I met and married my wife there. We both had scholarships. We worked hard, graduated on time and paid off our debt each month until we repaid all the loans. That is how one gets ahead. Hard work, good choices, and, perseverance are required.

My son paid his $11,000 college debt off by living below his means (at the time, he was making a little less than $50K/year in NJ) in 13 months. He doesn’t like debt.

He earned a BS degree in Logistics/Supply Chain.

In his sophomore year, at my own Alma Mater in Raleigh (yeah, NC State), he was changing majors, and I went with him to each of the five departments where he had some paperwork to file. As I walked into these offices (at a “public university”) I was astonished by the brand new Herman-Miller office furniture and fixtures, and the massive, brand-new Apple computer systems/monitors the receptionists had.

I thought - “this is where my hard-earned money is going”? What a freaking joke.

Does the president have the power to nullify millions of contracts?

Well, considering the government is the entity that owns the loans, this isn't interfering with any private loans or anything. Ever since Obama, the banks don't loan the money, they just service the loans. The government actually owns them.

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