*BAD NEWS* STUDENT LOAN FORGIVENESS UPDATE AS OF 6-10-2021. #shorts
*BAD NEWS* STUDENT LOAN FORGIVENESS UPDATE AS OF 6-10-2021. #shorts – Latest News
Hello Future Millionaires,
This is your Student Loan Forgiveness 2021 update for the week of 6-1-2021.
Student loan forgiveness continues to be at the top of everyone’s mind. Well everyone, except for President Joe Biden, that is.
President Joe Biden said this week that the student loan forbearance program has “cost the American taxpayer a lot due to lost interest.”
Another week has come and gone and we continue to ask ourselves “Will student loans be forgiven in 2021?”
The short answer, not likely and we still do not have any update from President Joe Biden regarding a Student Loan Forgiveness update.
Of course, there are senators calling to cancel student debt of $50000 but it is far more likely that if we get anything, it will be $10000 student loan forgiveness.
However, student loan debt, and any legislation for it, has been passed on to the United. States Congress from the President so we wait for Congress to act.
Should you wait for your student loans forgiven? YES! Wait until the student loan forbearance period is over and then see what happens.
Our student loans hang in the balance and we will have to wait another week to see what happens with student debt forgiveness.
Remember to subscribe to the channel so you get weekly student loan forgiveness updates!
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For those of you that are new to my channel, I am a personal finance nerd! I love talking about all things budgets, interest rates, and anything that relates to personal wealth.
Growing up, I saw, first-hand, that money is a powerful thing, that is when there is not enough of it. I grew up thinking that the only way that I was going to be well-off was by hitting the lottery or banking on social security at retirement age. Over the last few years, I have undergone a metamorphosis to learn how I, and I alone, control my money and my overall wealth. I started this channel to help others who want to become first-generation millionaires, end the cycle of poverty that has ridden their families, and educate the next generation that money is something that works for US, not the other way around.
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