Why Getting Physical $10K-$20K Student Loan Relief Checks Is A Bad Idea

With the application live and student loan relief getting ready to be released, some borrowers are a little confused about how they will receive payment!

President Biden recently made a statement saying that checks are getting ready to be sent out. However, many borrowers believed they were literally going to receive a $10,000-$20,000 check in the mail. According to the Washington Post, physical checks will not be sent out. Instead, student loan relief will be automatically deducted from the borrowers' balance. Get more information on student loan relief here.

In the midst of all this confusion, @thecindynoir explained why sending out those (huge) checks would be a bad idea and she makes a few good points! She says not only is it holiday season, but Beyonce just announced the Renaissance Tour!

See the video below.

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