Im in my 30s and over 200K in debt from my masters degree. I started with a little over 100K and it more than DOUBLED over time. So I am in the high debt crowd for which 50K forgiveness will do NOTHING for except clamp down on some interest. I want full cancellation.
My decision to not pay down debt was after failing to do so so many times that I decided to focus on saving myself from housing insecurity instead by saving cash because the bank would not give me a home loan, and buying into a co-op, something i highly recommend and am happy to talk to people about. I am now no longer housing unstable but still have this crazy debt lying over my head. I also abandoned my career to pay for my home and am now still a junior architect 8 years later, which just further delayed my ‘career’ or whatever is left of it.
The thing that makes me saddest however, is that I am actually making money - money that could be put to better use starting a business or at least helping people in my neighborhood, where the average income is probably no more than $30k a year. Instead I am ‘hoarding’ to pay debt, debt i will never be able to pay.
This year I stopped hoarding because I know that people like me really need to be let ‘loose’ of this debt not only for ourselves but to start businesses and help our communities. If the students of america are doing badly, imagine those that dont get to go to school at all. I know that cancelling debt will help not just us but everyone. People are starving this year! The food bank lines are going around the corner. And I am tired of giving out grocery bags, when I could actually give out $1000 out of my bank account, IF I WERE ONLY FREED FROM THIS DEBT.
Unfortunately I cannot make most of the meetings, as my work holds me hostage past 6pm, and i cannot afford to lose my job at this time. If there is any way I can help out on the weekends - please let me know. I would like to help but have had difficulty with the meeting times, so not sure what to do.