Submitted by Hardscrabble Farmer
Meet a student-loan borrower with $101,000 in debt who doesn’t have ‘any hope’ with Biden’s new plan for loan forgiveness: ‘I’m never going to be able to pay it down’
- Jarrett, 38, has $101,000 in student debt and was hopeful for Joe Biden’s loan forgiveness.
- But after the Supreme Court struck Biden’s plan down, he isn’t feeling hopeful.
- He told Insider he didn’t think Biden’s new plan for relief would deliver for borrowers.
Jarrett, 38, isn’t feeling too hot about President Joe Biden’s new plan for student-loan forgiveness.
After graduating with an undergraduate degree during the 2008 financial crisis, Jarrett — who requested his last name be withheld for privacy but whose identity is known to Insider — was laid off from his job. He decided pursuing an MBA would make him more appealing to employers, so that’s what he did, and he graduated with his advanced degree in 2012 with the help of student loans.