On Sunday, Aug. 13, several members of the Iroquois County Genealogical Society presented a program on “1-Room Schools of Iroquois County.” Many of those attending had attended a one-room school.
extended the pause this past august, multiple lawsuits followed. the program was halted and is now before the supreme court, leaving sabrina in limbo. >> my family would be eligible for up to $50,000 of student loan cancellation. so as a whole family, that's huge. >> reporter: federal data shows america's student debt crisis is multigenerational, spanning from recent grads to grandparents. with 2.6 million borrowers, over the age of 62. 72-year-old vietnam vet cecil hamilton is one of them. >> i never got the amount paid off. >> reporter: in 1977, hamilton says he took out a loan for an associate's degree for $5250. nearly five decades later, he still owes nearly the same amount. >> i thought i would have a good job and a home and all the things that people like to have.
i hadn't secured a job at that point and so for me it felt really impossible. >> reporter: graduating from college in 2019, she has nearly $30,000 in student loan debt. when the pandemic hit repayments were paused. she could now contribute to household costs for the home she shares with her parents. when the biden administration extended the pause this past august, multiple lawsuits followed. the program was halted and is now before the supreme court, leaving her in limbo. >> my family would be eligible for up to $50,000 of student loan cancellation. so as a whole family, that's huge. >> reporter: federal data shows america's student debt crisis is multigenerational, spanning from recent grads to grandparents, with $2.6 million borrowers over the age of 62. 72-year-old vietnam vet cecil hamilton is one of them. >> i never got the -- the amount
and then enter retirement on a good note. but instead, i'm back in the hole again. so i'm just surviving as i go. >> reporter: he says despite the government garnishing 15% of his social security disability payments for the loan he defaulted on, interest and fees made it impossible for him to put a dent in the principal. while the loan forgiveness program would help people like hamilton, that vet that you saw in the piece there, he says he still can't ignore the harms that his debt has caused over the last 40 years. he has really bad credit, never been able to buy a home, has not been able to provide for his children the way he wanted to. so don, even if he gets the good news at his age, almost the damage has been done for him. >> rene marsh, thank you for that. appreciate that. >> sure. >> that reporting with uz great and nebraska's attorney general will be arguing on behalf of the
paid off. >> reporter: in 1977 hamilton says he took out a loan for an associate's degree for $5,250. nearly five decades later he still owes nearly the same amount. >> i thought i would have a good job and a home and all the things that people like to have and then enter retirement on a good note, but instead i'm -- i'm back in the hole again so i'm just surviving as i go. >> reporter: he says despite the government garnishing 15% of his social security disability payments for the loan he defaulted on, interest and fees made it impossible for him to put a dent in the principal. now, while the president's plan would help people like hamilton who you just saw in the piece there, he says he can't ignore the harms that his debt has caused throughout the last 40 years of his life.
congressman ayanna pressley's personal student loan story has guided her support for tackling the problem. >> i ultimately defaulted on those loans and i did pay off those loans, but it took me 20 plus years to do so. >> reporter: federal data shows the student debt crisis is multigenerational, spanning from recent grads to grandparents. data shows 2.6 million borrowers over the age of 62. 72-year-old vietnam vet cecil hamilton is one of them. >> i never got the amount paid off. >> reporter: in 1977, hamilton says he took out a loan for an associates degree for $5,250. nearly five decades later, he still owes roughly the same amount. >> i thought i would have a good job and a home and all the things that people like to have. and then enter retirement on a good note, but instead, i'm back
in the hole again. so i'm just -- >> well, hamilton, that veteran that you saw in the piece there, despite the government garnishing 15% of his social security disability payments for the loan that he defaulted on, interest and fees made it virtually impossible for him to put a dent in the principle. and another thing he said that stuck with me, he said he hopes he won't die in debt. he hopes to qualify for credit to buy a home, something he's wanted to do for the past more than 40 years. and that, jake, really speaks to the long-lasting financial impact that this supreme court decision could have on these borrowers. >> all right, rene marsh, thank you so much. white house officials closely monitored the supreme court's oral arguments, one source telling cnn that the biden administration believes it will ultimately win the case. but the conservative justices on the court seemed unlikely to uphold biden's plan. phil mattingly joins us from the white house. what was the mood there as oral arguments played out today? what did the white house people think was going on?
Ramona Urice passed away 2022-1-1 in Norman, Oklahoma. This is the full obituary story where you can express condolences and share memories. Services by Havenbrook Funeral Home.