If you have student loans, then your credit is about to be fukkED, and those wages can/will be garnished. That’s devastating to a person’s financial health and security. You better tread wisely.
President Biden announces he Won’t Extend Student Loan Relief And Confirms nikkas better pay up
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If you have student loans, then your credit is about to be fukkED, and those wages can/will be garnished. That’s devastating to a person’s financial health and security. You better tread wisely.
Biden Won’t Extend Student Loan Relief And Confirms Student Loan Payments Restart February 1
Zack Friedman08:30am EST
Personal Finance
Bestselling Author, The Lemonade Life. I write and speak about leadership and greatness.
President Joe Biden (Photo by Chip [+]
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The Biden administration won’t extend student loan relief and confirmed student loan payments restart February 1, 2022.
Here’s what you need to know.
Student Loans
White House Press Secretary Jen Psaki confirmed to reporters during a press briefing that the Biden administration won’t extend student loan relief — and the student loan payment pause will end January 31, 2022. (No, Biden won’t extend student loan relief again). Here are some highlights from her comments:
Student loan relief: this won’t sit well with progressives and advocates
- “In the coming weeks, we will release more details about our plans”
- “We will engage directly with federal student loan borrowers to ensure they have the resources they need and are in the appropriate repayment plan.”
- “We are still assessing the impact of the Omicron variant.”
- “A smooth transition back into repayment is a high priority for the administration.”
- “The Department of Education is already communicating with borrowers to help them to help to prepare for return to repayment on February 1.”
- “41 million borrowers have benefitted from the extended student loan payment pause, but it expires February 1, so right now we’re just making a range of preparations.”
Progressive members of Congress, leading advocacy groups and student loan borrowers have lobbied President Joe Biden to extend the student loan payment pause beyond January 31, 2022. (Here’s a list of everyone who wants Biden to extend student loan relief). They cite potential financial devastation for millions of borrowers if temporary student loan forbearance isn’t extended. Senate Majority Leader Chuck Schumer (D-NY) and Sen. Elizabeth Warren (D-MA) say that 89% of student loan borrowers feel financially unprepared to restart student loan payments. They also argue that nine million student loan borrowers in default will suffer further financial detriment. (5 ways Biden could cancel more student loans). With other U.S. senators, they have pressured Biden to postpone the return to student loan payments for at least several months and at most until the end of the Covid-19 health emergency. Despite these pleas, the Biden administration seems definitively focuses on ending this student loan relief on January 31.
Student loan cancellation won’t happen either
Some student loan borrowers have hoped that Biden will deliver a last-minute financial lifeline by enacting wide-scale student loan cancellation. (Here’s how to get student loan forgiveness during the Biden administration). However, there is no indication that Biden will cancel everyone’s student loans. Therefore, don’t expect Biden to cancel student loans before student loan relief ends. On the contrary, Psaki provided an update on Biden’s actions to date to enact student loan forgiveness. Since becoming president, Biden has cancelled $12.5 billion of student loan debt for approximately 640,000 student loan borrowers. When questioned by a reporter about the Biden administration’s plans to help student loan borrowers, Psaki made no mention of any future plans for wide-scale student loan forgiveness. (How to qualify for automatic student loan forgiveness). Psaki’s posture has been consistent with Biden’s in that the president supports wide-scale student loan cancellation of up to $10,000, but Congress should pass legislation on mass student loan forgiveness.
With less than 60 days remaining until the end of temporary student loan relief, it’s essential that you understand all your options for student loan repayment. Here are some popular options to save money on your student loans:
- Student loan refinancing (lower interest rate + lower monthly payment)
- Income-driven repayment plans(lower payment, but same interest rate)
- Public service loan forgiveness (student loan forgiveness for public servants)
This is fair. Joe still got a couple years to come up with a real solution to the cost of college in America.
I’ve posted this numerous times on this board. Directly from his so called plan for Black America that is still listed on his campaign site.
Straight up lied. We aint even get the 10k.
I’ve posted this numerous times on this board. Directly from his so called plan for Black America that is still listed on his campaign site.
I believe the quote that nothing would fundamentally change came with conversations with sponsors. The people who actually matter to politicians. But yes, I remember reading this off his campaign site and thinking this was a long-shot to begin with. This country is weird with supposed ‘handouts’ to normal folk, yet will shell out billions to corporations as those are the people who actually matter to the government.
Dallas' 4 Eva
Superstar
Y'all nikkas mad y'all gotta pa back y'all debts, I literally paid off all my debt except like $1600 last year just to keep debt on my credit on purpose. 
I'm glad I saw through the bullshyt that was student loans way back when and didn't fall for the trap.
Trade school gang @Luck @cheek100 @Crude Abolitionist we winning out here, 6 figs ZERO student loan debt. I bet all them people who told us we were dumb for not going to college feel played right now.
I'm glad I saw through the bullshyt that was student loans way back when and didn't fall for the trap.
Trade school gang @Luck @cheek100 @Crude Abolitionist we winning out here, 6 figs ZERO student loan debt. I bet all them people who told us we were dumb for not going to college feel played right now.
Jesus H. Christ
I died for your sins
People don't have years. Hell, Joe doesn't have years himself if we are keeping it a buck. It's now or never.
You better find out
How are they supposed to find out when the government doesn't even know the answer themselves........
You Win Perfect
bow down
Who are the “nikkas” in this topic and are those posters you tagged blackY'all nikkas mad y'all gotta pa back y'all debts, I literally paid off all my debt except like $1600 last year just to keep debt on my credit on purpose.
I'm glad I saw through the bullshyt that was student loans way back when and didn't fall for the trap.
Trade school gang @Luck @cheek100 @Crude Abolitionist we winning out here, 6 figs ZERO student loan debt. I bet all them people who told us we were dumb for not going to college feel played right now.
I’ve posted this numerous times on this board. Directly from his so called plan for Black America that is still listed on his campaign site.
Yet you still have people in this thread defending Biden even when his lies about student loan forgiveness are on public record.
commie libs? those are 2 different political ideologies.Commie libs bout to turn on him.
Make me show paper work to go In a store k.
Make me take a shot every 5 months k.
Put small businesses out of business if they don't comply with mandates k.
Dont forgive a debt I put on myself.
Y'all sold out for loan forgiveness?
Awwww say it ain't true.
Awwwwwlllllllllll say it aint you
once you go maga it's like getting a lobotomy...
Dallas' 4 Eva
Superstar
Shut yo bytch ass up fakkit.
Renegade47
Superstar
joe biden is a white supremacist too
if GOP has complete power nothing is going to get better or worse for us its going to remain the same like it always does. get a grip
You better find out
No need to they will find him. shyt my student loans got sold multiple times when I was in grad school. Six months after I finished grad school they found me. When have bill collectors ever had problems finding folks.
The issue is not finding folks. The issue is folks don't answer their phones, email or mail when bill collectors contact them..
This is student loans them mothafukkas will contact your ex spouse, parents, grandparents and job in an effort to find you. We talking about folks who can garnish your income tax return. They can find you anywhere on this planet...
