Student-loan borrowers are in limbo because of court challenges to President Biden’s debt-relief plan.
Guilherme Lopes, 31, is a first-generation college student with $146,000 in student debt.
He said the recent court decisions blocking the debt relief “feels like a really sick game.”
The uncertainty of the relief is prohibiting him from financially planning for the future.
Guilherme Lopes was the first in his family to attend college in America.
After immigrating from Brazil to the United States at the age of 5, Lopes, now 31, says he didn’t have the knowledge he needed to navigate the financial-aid system. When his high-school guidance counselors advised him to take out student loans to finance his education, that’s exactly what he did.
Lopes took out federal direct loans under his own name, and his mother took out parent PLUS loans to help cover additional costs. His balance stands at nearly $146,000 — roughly $46,000 more than his balance upon graduating in 2013 due to…
This article was written by [email protected] (Ayelet Sheffey) and originally published on www.businessinsider.com