Does recycling paper really help?

I have been printing out our online courses for my students to take “home” as homework. I printed out all of Math 600 through Algebra I…only to realize that the answer keys printed out with them.
There are several other things that were printed that I realized wouldn’t work, and I have to do it over.
I’m just sick about all of the paper I used. Not just for ecology reasons, but also because I abhor waste.
I would reuse it in the printer, but my particular printer tends to jam really easily.
Can I rest a little easier if I recycle it?