White House press secretary Jen Psaki says executive action on federal student loan cancellation is ‘still on the table’

Read the Story

Show Top Comments

I seriously doubt it’s going to happen but I’m still holding off on refinancing just in case it does.


My prediction: A big cancellation announcement around the first of October.


I’ve been paying on my student loans for 21 years now. I have $13,000 left and I’ve paid well over what I initially owed. I was in college, had no knowledge of the consequences of those loans and they were absolutely predatory. I didn’t grow up with that kind of knowledge and it’s hurting me 21 years after I graduated. So when people say “you shouldn’t have taken them out in the first place” there are always circumstances that they don’t know about. How I came from a broken home, moved out when I was 16 due to an abusive stepfather, moved in with my elderly grandparents, carried my grandmother to the car the night she died, woke up to my drunk bio father pissing on my bed and then I ran away to Oklahoma, and still graduated HS with honors. However I had no guidance on finance or the consequences of loans and credit cards. So have compassion to those that really need to have this erased. It’s not always clear cut as to why people take student loans. If I didn’t, I would not have been able to go to university.


I’m all for it but how will they prevent it from happening again? Removing interest all together? Paying for all public higher ed?


They’re holding out in hopes for votes for midterms than it’ll be never mind can’t do it.