Who gets student loan forgiveness? Relief prompts joy, angst

For Nick Marcil, the cancellation of $10,000 of his student loans could mean at last moving out of his parents’ house.

Marcil, 24, studied at a Pennsylvania state college, earned scholarships and worked jobs while pursuing degrees in education but still owed $18,000 before Wednesday’s action by the Biden administration to erase some student loans.

“I feel like if I don’t have that burden, I’d be more likely to, you know, try to move out — try to have, you know, my own place,” said Marcil, who lives in a Philadelphia suburb.

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