U.S. student loan forgiveness has borrowers hoping for vacations, medical school

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mericans bearing heavy college debt loads welcomed U.S. President Joe Biden's announcement on Wednesday that he would forgive $10,000 in student loans, and some shared hopes they can jettison extra work hours and perhaps take a vacation or return to school.

"Many people work extra jobs and as a result compromise on spending time with friends and family because they are worried about their debt," he said, calling it a small step in the right direction.

"As a biology student who wants to go to med school, I do rack up a lot of loans at school, so hearing that I could possibly get $20,000 or $10,000 does sound really good," Horton told Reuters. There could be an entire next generation that does not have to work extra hours or additional jobs to repay this debt

 

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