Official Student Debt Cancellation Watch Thread

PoorAndDangerous

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Trump is doing away with the DOE... they will do away with all forgiveness plans...

Im just biding my time... making my monthly payments trying to get my bills down so I can throw extra at this shyt
Giving these cocksuckers any extra money is a waste of time. Some administration is eventually going to forgive the shyt, and the repayment plans are forgiven after a certain number of years of payments anyway, obviously unless you have a small balance. I do minimum payments and invest my extra money in index funds for 10%+ return. If they would’ve forgiven the 20k I would’ve actually tried to pay it off; or if they would’ve just set the interest to 0%
 

Insensitive

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Crazy.
I'm in school right now so my repayment is deferred but the cost of education
is bananas.

I was willing to accept that they can't eradicate the student loans and could instead renegotiate the time
to pay back for our education but now I'm just like :sadcam: due to how much I'll have to
pay back once it's all said and done.
 

bnew

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Biden administration can move forward with student loan forgiveness, federal judge rules​


y Annie Nova, CNBC​


US President Joe Biden gestures after speaking about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, April 8, 2024.

Andrew Caballero-Reynolds | AFP | Getty Images

US President Joe Biden gestures after speaking about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, April 8, 2024.

  • A federal judge will let expire a temporary restraining order against the Biden administration's sweeping new student loan forgiveness plan, which could deliver relief to tens of millions of Americans.

A federal judge will let expire a temporary restraining order against the Biden administration's sweeping new student loan forgiveness plan, which could deliver relief to tens of millions of Americans.

U.S. District Judge Randal Hall in Georgia, appointed by former Republican President George W. Bush, delivered the win for the Biden administration late on Wednesday.

The ruling means Biden may move forward with his administration's student loan forgiveness plan, just weeks before the November election.

The development stems from a lawsuit against the aid package brought by seven GOP-led states. The states — Alabama, Arkansas, Florida, Georgia, Missouri, North Dakota and Ohio — said the U.S. Department of Education's new debt cancellation effort is illegal.

However, Hall found that Georgia lacked standing to sue against the relief plan, and could not be the venue for the case.

The judge directed the case to be transferred to Missouri since the states claim Biden's plan would most harm student loan servicer Mohela, or the Missouri Higher Education Loan Authority.
 

TYBG

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I've been working towards PSLF. I'm paranoid how everything shakes out with Dept of Ed. Thank gd I dont work for the feds at least.

I'm assuming any PSLF law changes are moving forward and I'd be grandfathered...at least I hope.

Edit: Replaced DOE w/ Dept of Ed.
 
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-DMP-

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I've been working towards PSLF. I'm paranoid how everything shakes out with DOE. Thank gd I dont work for the feds at least.

I'm assuming any PSLF law changes are moving forward and I'd be grandfathered...at least I hope.
I don’t think his Dept of Ed will process shyt and make it hard af to actually qualify.
 
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