Cristina and Sherman Merricks call Biden's student loan handouts 'unfair' and coming at a cost to their children after working to pay off $190,000 of student loan debt.
Cristina and Sherman Merricks of Gainesville, Florida, admit they're"a little angry" over President Biden's student loan handout on"Varney & Co." Friday, August 26, 2022.
The small business owner said he was paying $300 minimum each month on his loans and expected to continue paying that for the rest of his life. In an effort to double their income, the Merricks adjusted to a strict budget and opened a second business just months before the pandemic started in 2020. The couple admitted feeling "extremely blessed" that it took off and helped to pay off their debt in 27 months, but noted "nothing is free," including loan handouts.
"Individually, I am happy if people get their student loans paid off $10,000 at a time, then I'm happy for them individually," Cristina clarified. "But we all know that nothing is free, and that there's going to be repercussions.", Sherman further argued. "I'm making these sacrifices so they can have a better life, and they're going to be paying for things that they shouldn't have to pay for," Sherman said.
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