As a graduate student who studies communication and business administration, I often thought student loans would follow me into adulthood. College graduates, after all, are supposed to be the money makers in today’s society.   

This notion of having a bachelor’s degree, on average, puts graduates on a path to economic security and prosperity, but student loans hold back those who need the opportunity. The students with no loans do not need financial help.   

Unlike our parents and grandparents, the cost of a degree has increased rapidly. They paid for their student loans working a summer job. Students now go to school full-time and work full-time, not to mention those who also have a second job.   

My student loans have been looming over me for quite some time now. President Biden has given students hope for loan forgiveness. The Biden administration claims that its authority to wipe out hundreds of billions of dollars in federal student loan debt.   

This debt forgiveness helps those who do not have someone to support them financially.