Let's take a minute to talk about the student loan conversation.

Welcome to another episode of Tiny Leeps, big changes where I share simple ideas to help you improve your life in under 15 minutes.

My name is Greg Klunis and one of the big topics of conversation lately is student loan forgiveness.

Now President Biden obviously very recently announced his plan for for giving up to

$20,000 in federal student debt, and the internet has been ablaze with conversation.

People aren't really sure if this is a good idea or a bad idea.

The people that benefit from it, of course, feel it's good.

They feel that this is going to help them move forward.

And full disclosure, I'm part of this group. The people who don't benefit from it immediately feel that maybe it's not a good thing.

How is this going to affect their taxes? How is this going to affect any number of other things? And so in this

episode in general I want to share my thoughts on student debt forgiveness and then I want to have the conversation around what I think

we should be thinking about whether you are directly benefiting from this

right now or not so I, or at least when I first graduated college, I had about a hundred

thousand dollars in student debt. To make matters worse, about half of that debt was federal, so about 50,000 and the other half was private.

And now when I went to school, when I first graduated high school, I got scholarship offers from a number of private schools.

However, I was not in a position to take advantage of any of those offers without taking loans. The scholarships did not cover the entire

cost of tuition. For those of you listening who don't know, I'm an immigrant, I moved

to the US when I was eight and my family has worked their ass off to get my life and my sister's life to a place where we had some opportunity.

And I'm incredibly grateful for that. I had the opportunity to go to a good school and gain a degree and give myself the chance to get a good job and to add value to the economy and to the marketplace.

I chose the school that gave me the most amount of money.

That was the responsible thing.

They're going to cover a large portion of that tuition cost, room and board, all of those things.

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