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Education

I escaped generational poverty by  amassing college debt. Loan forgiveness will change lives.

My own children have never experienced coming home to no lights or running water. They will never have to escape from poverty because they don't come from it and I don't know that I'd be able to say the same if I didn't make the choice to accept student loans.

student debt; loan forgiveness; student loans
Photo by Jasmine Coro on Unsplash

I escaped poverty by going into debt.

I don't come from money. In fact, I come from the stark opposite. My mother was one of nine children who grew up in an abusive household that was well below the poverty line and her mother grew up poorer than she did. This cycle of poverty goes back as far as I can trace, so it's no surprise that I also grew up poor. There were days when the only thing we had to eat was peanut butter on a spoon during the day to keep us satiated until dinner because it was the only meal that day.


That's not for lack of trying on my parent's part. My stepdad worked a full-time job and lived the hustle life before it became coined by millennials and slapped on a mug. The one thing that was consistently impressed upon me by my parents was the importance of going to college so I could do better than the generation before me. But there wasn't a roadmap for me to follow. Neither of my parents had gone to college at the time and really didn't know the requirements to get in nor the process of applying for financial aid. Since this was before Google, there was no information readily available at my fingertips. There was no financial literacy to pass down to their children when their only goal was survival.

The Biden Administration has done something unprecedented in the history of the United States by forgiving $10,000 of student loan debt for Americans making less than $125,000 a year (less than $250,000 if married or head of household). If you received Pell Grant assistance while in college, you qualify for up to $20,000 in student loan forgiveness. To qualify for the Pell Grant you have to be in great financial need, which means I also received this money to assist with college expenses. But contrary to what some believe, the Pell Grant isn't a large sum of money, so loans are still necessary, even for people like me who worked while in school. Escaping poverty is expensive and exhausting and a program like this will help others break the cycle.

Photo by JESHOOTS.COM on Unsplash

While most are focused on the loans being forgiven, there's a piece of information being overlooked that could make a big impact on people's lives. Under the new debt relief plan, people who are on an income-based repayment plan can now cap their monthly payments at 5% of their income. Previously the repayment amount was capped at 10% of a person's income.

Obviously such a big move has set off a firestorm of conversation around who should and shouldn't get it, or if it should be done at all. But the conversations around student loan forgiveness don't account for the fact that not everyone starts from the same place at the starting line. It's easy to say people should know what they're getting into when signing up for student loans if you grew up with a different set of circumstances.

Photo by Kenny Eliason on Unsplash

For people like me, student loans were the only way out of poverty and I'd do it again. Because I took out debt to pay for a college education, my children won't have to do the same. They will now have a financially literate parent to walk them through the process, explain complicated forms and help them find more cost-effective alternatives. My own children have never experienced coming home to no lights or running water. They will never have to escape from poverty because they don't come from it and I don't know that I'd be able to say the same if I didn't make the choice to accept student loans.

While forgiving $10,000 to $20,000 worth of student debt for a select group of people isn't ideal, this could open up the door to future borrowers. The awareness around predatory lending to students, the continuously growing cost of college and the stagnation of wages could lead to real policy change that would impact everyone. No student should be saddled with insurmountable debt just for getting an education and this is hopefully the first step toward ending this practice.

All images provided by Kat Chao

A photo of Kat and her mom, and a bowl of her mom's famous curry

True

Whether it’s the mac n’ cheese that reminds you of simpler times, or the exotic spiced chicken recipe you acquired from your travels, every meal tells a story.

This rings especially true for people whose families immigrate to different countries to start a new life. Immigrant parents often not only save every penny, but spend most of their time away working in order to build a future for their children. Each comfort meal they manage to provide their kids in the very few spare hours they have tells the story of love and sacrifice.

For Kat Chao, that meal was her mother’s Korean curry.

korean foodA photo of baby Kat and her mom and dad

Growing up, Kat’s mom worked weekends to support her family. But that didn’t stop her from waking up Saturday morning to dice up some beef and fresh veggies and throw them into a large pot so that Kat’s dad could heat it up and serve it with some rice to her and her brothers later.

Curry was a quick, easy and inexpensive way to feed a full house, but it served more than just practical purposes. As Kat would wake up to the enticing aroma, she was reminded that her mom was always taking care of her, even if she couldn’t physically be there.

koran curryYUM

As Kat grew a little older, her attitude towards her mother’s curry shifted. Instead of looking forward to it, she would “roll her eyes at it,” as is customary of the rebellious teen. Those less-than-positive feelings were only exacerbated by the media constantly labeling carbs, therefore rice, as “bad.” As a kid who struggled with weight, her comfort food became a source of discomfort.

But as an adult, and now a mom herself, Kat has reached a full circle moment.

korean recipes, albertsonsKat, all grown up with her own familiy

As she makes her own kids the exact same curry dish (okay, maybe a leaner cut of beef, and organic veggies…but otherwise exactly the same!) Kat finds a whole new appreciation for the recipe, knowing how hard her mom worked to even make it happen.

Kat was lucky to have grown up with a meal to look forward to each night. Other kids aren’t so lucky. 1 in 8 kids currently experience food insecurity in the United States. But there’s an opportunity to decrease those numbers.

For every O Organics product you purchase, the company will donate a meal to someone in need through the Albertsons Companies Foundation—for up to a total of 28 million meals.

Is there a dish from your childhood that you’ve longed to rekindle with? You could do like Kat does and give it an O Organic twist. Luckily, the O Organics brand has a wide array of affordable ingredients, so creating healthy swaps is easier than ever. Plus, you can provide nourishment to another family at the same time.

Just think—the next meal you prepare could make all the difference to someone else. If every meal tells a story, that’s certainly a story worth telling.

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