President Joe Biden's student loan forgiveness plan is not enough, according to some student borrowers.
For people with $50,000 or $100,0000 in student loans, wiping away up to $20,000 in federal student loan debt will not have a big impact.Like many Americans, Toria McKenzie and Linda Perales carry tens of thousands of dollars of student loan debt.Biden unveils big student loan forgiveness plan
"You're supposed to go to college right like, make a better life for yourself. But no one tells you about like this crippling debt that's going to come afterwards," she said. During the pandemic federal student loan payments were put on hold, allowing McKenzie to save up to buy a condo on Chicago's North Side."We haven't been paying these past few years because of the pandemic and the country hasn't crumbled," she said.
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