TikTok has become a popular platform for young people to discuss and react to current events, and the latest topic causing a buzz on the app is President Joe Biden’s proposed student loan forgiveness plan.

Under Biden’s plan, borrowers with federal student loans would have $10,000 of their debt forgiven. This proposal has ignited a range of reactions on TikTok, with users sharing their thoughts and opinions on the potential policy change.

Many TikTok users have expressed excitement and relief at the idea of having a portion of their student loan debt wiped away. For many young adults, student loans are a significant financial burden that can impact their ability to achieve other financial goals, such as buying a home or starting a family. The prospect of having some of this debt forgiven is seen as a positive step towards alleviating this burden.

Others on TikTok have voiced skepticism about the plan, questioning whether $10,000 of loan forgiveness is enough to make a meaningful difference for borrowers. Some argue that the government should do more to address the student loan debt crisis, which currently stands at over $1 trillion.

There are also concerns about the potential impact of Biden’s plan on the economy. Some TikTok users worry that forgiving student loan debt could have unintended consequences, such as encouraging irresponsible borrowing or leading to inflation.

Overall, TikTok’s reaction to Biden’s student loan forgiveness plan is mixed, with a range of opinions and perspectives being shared on the app. As the proposal continues to be debated and discussed, it is clear that young people are actively engaged in the conversation and eager to see how the plan will unfold.