FINALLY! Student Loan Forgiveness.

This is a great thing and will help up to 43m Americans!

Jyssica Schwartz
5 min readAug 26, 2022


Photo by Charles DeLoye on Unsplash

I finished paying off my student loans 9 years after graduating college. That day was a celebration and a relief.

Thankfully (and due to Florida’s Bright Futures and other scholarships), I only borrowed less than $10k but ended up paying back well over $15k — and no one had ever taught me about capital gains being added on during the 6-month “grace period.” All I was told was: “You don’t have to start paying them until 6 months after graduation!”

I paid double the minimum for 2 years and it STILL took me 9 years to pay off. My loans were sold to other vendors, the interest rate seemed indecipherable, and I was one of the LUCKY ones who didn’t have to borrow that much.

I am SO HAPPY that so many people are getting some loan forgiveness!!! I am GLAD they don’t have to suffer and worry as much. That they finally get some relief. For one thing, them getting help doesn’t affect me at all — I paid mine off because I had a contract with the bank and had no choice.

We’ve been told our whole lives that we need a college degree to amount to anything and get a good job and be able to buy a house — by the people who could afford college on a part-time job salary and buy a home for 4 on one income.

In 1968, the year my mom graduated high school, the annual college tuition at a public university in the US was $321 per YEAR. In 2020, the average in-state public university tuition was $10,560 per YEAR. That is a $2580% increase. How much has the minimum wage increased in that time?

“Between 1970 and 2020, the federal minimum wage rose from $1.60 per hour to $7.25 per hour, representing a more modest increase of 353%.” Source.

Before getting upset at a higher minimum wage or student loan forgiveness, try having a look at the data and a little compassion for your fellow humans.

More info on student loan forgiveness and if you qualify



Jyssica Schwartz

Entrepreneur, writer, editor, book coach, cat lover, weirdo, optimist. Author of “Write. Get Paid. Repeat.” & “Concept to Conclusion.”