Should I repay student loan or buy insurance?

2013-08-20T00:00:00Z Should I repay student loan or buy insurance?
August 20, 2013 12:00 am

I'm one of millions of Americans who work full time but cannot afford health care because I'm sending money to pay off federal student loans. My question for President Barack Obama is simple: On my limited budget, is it more important to repay federal student loans or to buy insurance? There simply isn't money enough for both.

Upon signing the promissory note, I promised to repay the government for my education. And that's what I'm trying to do, but in holding up my end of the bargain I feel incredibly disillusioned. I wasn't promised a job after graduation, but it's implied with a degree I would have a stable secure future. This has proven untrue.

Obama has stated he's trying to make health care affordable for all Americans, but it is an either-or scenario for many like myself with student loans.

I know Obamacare needs young people to buy into exchanges to offset the cost of the elderly and ill.

Please give me some advice on what to do. Is it more important for me to repay my loans or to buy insurance?

— Lauren Schara, Gary

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