Check your student loan balance. President Biden Paid off my daughters Student loan last night.

[MissB]

71. I paid back every cent of my student loans (took the max federal student loan amount)

Back when I first started college at a state school, one could almost work full time over the summer pay for tuition, books and fees. I had the great joy of being on my own - couldn't go home and crash with a parent over the summer, so I needed to pay for living expenses. I ended up taking the maximum student loans so that I could afford to live in a rental apartment. I was also studying engineering, which is a fairly demanding course of study. Homework would often eat up 5+ hours a night.

So eventually I graduated. Married, kids. Took the slow route to paying for my loans.

Do I begrudge younger folks the $10k help that they're getting today? Heck no. They're faced with some significant tuition costs. My first tuition bill was $500/term or $1500/year. The cost for that same state college is now $3600 per term in tuition alone, not including fees or books. Add in housing costs and you're looking at a fair amount of dough each year - I'm guessing around $26k/year. The max fed loans a kid can sign up for is about $31k total, spread over the 4 years.

The federal government made an investment in my career by allowing me to borrow $. My career has been great - I pay the equivalent inital total balance amount in taxes to the feds in just over a year. These kids that are getting the $10k are getting a bit of a break, but we're also saddling them with evermore debt. They'll get some breathing room, and in some cases they'll have their balances wiped out. They can then think about using that $ to pay for a house or other consumer purchases. It's all good.

Folks that have already paid their loans - good for you (and me). We paid off the loans that helped us go to college in an era where college was cheaper. It is an investment in the young folks and in the country. Stop complaining, please. It isn't pretty.