Maybe she should have thought about paying her loans off before buying a home!
2 people whose entire student-debt loads will be wiped out due to Biden's announcement talk about what's next for their futures: 'I get to not worry about losing my home'
Jaymie Horak's life changed this week.
The 31-year-old in Portland, Oregon, took out $50,000 in Pell Grant loans to put themself through college. Horak was a first-generation university student, and, beyond the academic grants they received, there was "literally nothing at all" to help them pay their for the rest of school other than loans.
Pre-pandemic, Horak, who works in HR, had paid down their loan burden to about $20,000. The payment pause meant they were able to save and put a down payment on a condo, but they feared they wouldn't be able to afford their mortgage when student-loan payments resumed.