Meet a 37-year-old with $108,100 in student debt who lives in a school bus because rent is unaffordable: 'Student-loan debt is by far my biggest regret'
With the majority of Crocker's debt being private loans, Biden's relief won't make a significant dent for him and about 3 million other borrowers with private loans. He says he wishes he'd known the high, life-long costs of higher education when he was in high school. It may have prevented him from being in his current situation.
"I wasn't chipping my way out of this," Crocker said."$540 a month was just covering interest, so at some point, we're not getting out from underneath this.". After his loan company raised his monthly payment in 2015, his wages at his grocery-store job were garnished, so he picked up carpentry and other jobs on the side to keep up.
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