Official Student Debt Cancellation Watch Thread

[Remy LeBreh]

Anyone signed up for that SAVE repayment?

They put me in it automatically

 

[Pressure]

Glad to see brehs getting out from under student debt.

Also glad to see y'all took time to give back

 

[Serious]

says my payment is only $145 seems cheap as duck.

I’m on the pathway to pslf 5 years in nonprofit hospital system

 

[FAH1223]

I’m at like 80 right now. The pause counting as payments was a fukking cheat code. It would be an honor to have my loans forgiven under the 2024-2028 Biden administration

I hope in this negotiated rule making process they put out another cheat code. Something innovative with the Higher Education Act

 

[jaydolf spitler]

Anyone signed up for that SAVE repayment?

I did because I read this section of their documentation.

"Borrowers with original principal balances of $12,000 or less will receive forgiveness of any remaining balance after making ten years of payments, with the maximum repayment period before forgiveness rising by one year for every additional $1,000 borrowed. For example, if your original principal balance is $14,000, you will see forgiveness after 12 years. Payments made previously (before 2024) and those made from now on will count toward these maximum forgiveness timeframes."

I graduated college in 2014 wigh less than $12k so I figure let me pay these loans again a few more times until 10 years hits.

 

[the artist known az]

I did because I read this section of their documentation.

"Borrowers with original principal balances of $12,000 or less will receive forgiveness of any remaining balance after making ten years of payments, with the maximum repayment period before forgiveness rising by one year for every additional $1,000 borrowed. For example, if your original principal balance is $14,000, you will see forgiveness after 12 years. Payments made previously (before 2024) and those made from now on will count toward these maximum forgiveness timeframes."

I graduated college in 2014 wigh less than $12k so I figure let me pay these loans again a few more times until 10 years hits.

Rep. I graduated the same year. Did you selection the option to start paying now or keep the deferment? That's the pay I stopped on and asked this question

 

[KFBF]

Just got mine cancelled. All 87000. Did over 10 years total at a non profit. Thanks Jim Crow Joe

I had over a 120k wiped out due to PSLF the other day.

 

[keond]

I had over a 120k wiped out due to PSLF the other day.

Welcome to the club, fukk them loans

 

[jaydolf spitler]

Rep. I graduated the same year. Did you selection the option to start paying now or keep the deferment? That's the pay I stopped on and asked this question

I selected to start paying I think in October. And they had some incentive where you could pay a one time reduced amount for October so I put like $5 then I will pay the approximately $140 a month afterwards until I have 10 years in payments from what I understand.

And I think I read in a thread that the forbearance period counts as payments toward that number?

 

[the artist known az]

I selected to start paying I think in October. And they had some incentive where you could pay a one time reduced amount for October so I put like $5 then I will pay the approximately $140 a month afterwards until I have 10 years in payments from what I understand.

And I think I read in a thread that the forbearance period counts as payments toward that number?

I owe about $4300 and before the shutdown I was paying like $80 a month under the SAVE plan it will be $40. If they are going to forgive it after 10 years of the original loan, sounds good to me

 

[jaydolf spitler]

Rep. I graduated the same year. Did you selection the option to start paying now or keep the deferment? That's the pay I stopped on and asked this question

Republican lawmakers launch an effort to block student-loan borrowers from enrolling in Biden's new plan intended to lower monthly payments

Senate and House GOP lawmakers introduced bills to block the SAVE income-driven repayment plan ahead of the resumption of student-loan payments.

www.businessinsider.com

I'm done breh. This government is at war with itself

 

[the artist known az]

Republican lawmakers launch an effort to block student-loan borrowers from enrolling in Biden's new plan intended to lower monthly payments

Senate and House GOP lawmakers introduced bills to block the SAVE income-driven repayment plan ahead of the resumption of student-loan payments.

www.businessinsider.com

I'm done breh. This government is at war with itself

If they do that, a law should be passed that they have to pay for their own health care

 

[KFBF]

If they do that, a law should be passed that they have to pay for their own health care

They're hypocrites. Wish they could only make the average salary of the state/district they represent, but then we'd only end up with rich people in office. I mean I guess that's largely what we have now.

 

[Serious]

Republican lawmakers launch an effort to block student-loan borrowers from enrolling in Biden's new plan intended to lower monthly payments

Senate and House GOP lawmakers introduced bills to block the SAVE income-driven repayment plan ahead of the resumption of student-loan payments.

www.businessinsider.com

I'm done breh. This government is at war with itself

They want people to suffer so bad

 

[MAKAVELI25]

They want people to suffer so bad

GOP are the party of the working class, friend.

I can't recall any actual examples of them trying to help the working class in the last few decades, but that's only because facts tend to be woke.