President Biden plans to cancel some student loans as many women appear at first sight drowning indebted
Tasha Kaminsky, director of development at a St. Louis nonprofit, would like to have children. In many different ways, the timing couldn't be better. Kaminsky, 33, is married, has a stable job and owns a house. However, a significant obstacle stands in her way: her student debt.
It's been 10 years since Kaminsky took out a $75,000 federal loan for her higher education, and she's never missed a payment. Before the pandemic-era pause on federal loan repayments took effect in March 2022, between $250 and $500 of his salary was used to pay off his debt each month. After ten years of payments, Tasha still owes $107,411.
“I honestly think I'm just going to die in debt,” Kaminsky told Know Your Value.
As President Joe Biden intends to do something to cancel some federal student education loans, the government student loan repayment moratorium is set to expire in August. Once which was done, day care costs – typically $10,041 annually in Missouri – plus Kaminsky's student loan debt made the thought of