- $10k cancellation for those making less than $125k annually
- $20k cancellation for Pell Grant recipients
- Student loan pause extended until December 31st
- 5% of monthly income cap on student loan payment (optional?)
Honestly pretty sick for me and my family. Wipes out my debt, my mom's debt, and most of my sister's. Wish we could've gotten more, since there's no good reason not to go to at least $50k, but from a selfish PoV it's hard to complain in the moment
This is exactly what I was telling people. Like yeah this is definitely better for me, but my life doesn't really change because I still have significant debt and payments to make.
They can't help but do half measures.
Yeah like people famously struggle with connecting emotionally with future benefits.
Just stop paying