“I can’t say I’m unhappy about this extension,” one woman told BuzzFeed News about Biden delaying the student loan payment deadline, “but it’s hardly enough for the millions of borrowers suffering.”
BuzzFeed News reached out to members of the “Student Loan Justice” Facebook group, where borrowers share their stories and support one another. Many of them reacted to Biden administration’s recent extension with deeply personal stories.
“Retirement? A home of our own? Not even a thought,” Allen, who said she has lupus and a related blood clot disorder, told BuzzFeed News. The repayment pause has given her a much-needed financial break to afford care for her husband, who has end-stage cancer, as well as address her own health issues she’s neglected.
“I went to grad school to try and better my life and increase my income, only to add on more loans,” he told BuzzFeed News. Schanck said he blames himself for not thinking about the cost of a graduate degree, “but this predatory lending system certainly did not help.” “My loan is 60% of my savings and so I'm stuck,” she said. “I either pay off my loan and stay broke, or wait and be in debt indefinitely.”
She said she owes nearly $75,000 from her bachelor’s degree in communication media from Lock Haven University of Pennsylvania. She’s had trouble qualifying for public loan forgiveness and said she “struggles to get by” given her loans and her salary as a journalist. She said it’s been difficult trying to talk to the government and her loan servicer, with long hold times on the phone.
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