How Far Would Borrowers Go For Student Loan Forgiveness?

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My College Story

When I went into college, my job title was hyped as an “in demand” job. I chose an “affordable” two year school. I use the word affordable loosely because college is expensive. But my school was “affordable” compared to many others.

Being the oldest of 4 kids in my family, we had really hoped I’d get more financial help. In the end I got $800 a year in grants which barely covered my books. I was only able to take out about $6000 in student loans because I had no credit history and my parents had to take out the rest. I competed twice for a $2500 scholarship my school offered. Both times I made it to the final round only me and one other person. Both times I ended up losing out. The one person I lost to was a classmate that ended up failing out after only 6 months.

Then half way through my program, big changes came about with health insurance. Suddenly the school was talking about “alternative jobs” with our degree. “oh you can be an activity director or a work with architects to help make handicap accessible buildings, etc. Wait wait, why can’t I used my degree? You don’t need a degree to be an Activity Director. I also found the dirty secrets behinds college job placement claims. The truth is, if the college helps place you in a job…any job… even the Activity Director job or heck as a cashier, they can say they placed you in a job even though it’s not what you actually paid for.

Survey Says…

Which brings us to the interesting survey completed by lendedu.com. Just what would borrowers be willing to do for student loan forgiveness?

More Results

1000 adult Americans with some amount of student loan debt were surveyed. The results were interesting.

  • 30% would enlist to fight in a hypothetical World War 3 if it meant their student loan debt was completely forgiven
  • 60% would give up all streaming services for life
  • 52% would give up all payment methods besides cash for life
  • 49% would give up being vegan or have to become vegan for life
  • Only 17% would give up hot showers for the next 25 years, the lowest percentage in the report

Me personally, I wouldn’t have a problem giving up streaming services. I don’t watch much tv anyway. The rest, I’m not so sure about.


About Angie

I'm a wife and a a mom of 4: 3 boys and a girl. I also have 3 fur babies, cats named Soleil, Luna, and a Savannah cat name Malkia. I work part-time outside my home as a COTA/L at a local hospital. I cover Johnstown, Altoona, and Pittsburgh areas. I love to do reviews and host giveaways for my readers. Contact me: angwith4 at gmail dot com if you would like a review.

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