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.