How we all enjoying these first few months back?
I know that I for one am really enjoying having the payments come back, when I had to replace our water heater and have all the holiday spending happening around the same time. It’s been awesome, thinking about getting an ornament of the Supreme Court to commemorate this time and then lighting it on fire
im stuck between paying it all off now, or paying minimum for the next 20 years and assume complete societal collapse takes place some point soon
im stuck between paying it all off now, or paying minimum for the next 20 years and assume complete societal collapse takes place some point soon
I’m rolling with the societal collapse method, we going minimum every month until I hit the lottery
im stuck between paying it all off now, or paying minimum for the next 20 years and assume complete societal collapse takes place some point soon
im fortunate that i have a good job and have been smart with my money and can pay off all my loans right now, im doing minimums eventually they’ll pay mine off
Save plan is legit. I'm barely paying anything lol.
Think I can pay mine of before this year ends.
Finally free!
Wish I could have kept the money
Got the email asking me to recertify my income to calculate my new monthly payment fml
First time I’ve had to do this since before Covid, and since then I’ve had my salary take a huge jump and gotten married, so idk if they’ll take my wife’s income into account.
Bottom line: I’m gonna be getting f***ed since I don’t qualify for that new SAVE thing lmao
They let you defer payments as long as you're enrolled in school.
Can't be in debt if you never graduate
Biden administration says this will apply retroactively so if you borrowed $12k or less and have been in repayment for the past 10 years your loans will soon get cancelled starting next month.
https://www.whitehouse.gov/briefing-room/statements-releases/2024/01/12/statement-from-president-joe-biden-on-early-student-debt-cancellation-for-borrowers-enrolled-in-save/
Biden administration says this will apply retroactively so if you borrowed $12k or less and have been in repayment for the past 10 years your loans will soon get cancelled starting next month.
10 years? Lmfso
https://www.whitehouse.gov/briefing-room/statements-releases/2024/01/12/statement-from-president-joe-biden-on-early-student-debt-cancellation-for-borrowers-enrolled-in-save/
Biden administration says this will apply retroactively so if you borrowed $12k or less and have been in repayment for the past 10 years your loans will soon get cancelled starting next month.
I’m paying 0 under the save plan so it’s whatever
Remember Republicans are doing nothing but trying to block any type of debt relief from being available
President Biden announced new plans to cancel student debt under the Higher Education Act. If implemented as proposed, these plans would authorize waivers to:
Cancel up to $20,000 in interest for all borrowers who have accrued or capitalized interest on their loans since entering repayment.
Automatically cancel debt for borrowers who would otherwise be eligible for loan forgiveness under income-driven repayment plans, like SAVE, or Public Service Loan Forgiveness but are not enrolled in those programs.
Cancel student debt for borrowers with undergraduate loans who entered repayment at least 20 years ago and debt for graduate school borrowers who entered repayment at least 25 years ago.
Cancel student debt for borrowers who previously enrolled in low-financial-value programs.
Cancel student debt for borrowers experiencing hardship in their lives that prevent them from fully paying back their loans now or in the future.
These actions build off of efforts the Biden-Harris Administration has already made to cancel student debt and make loan payments more affordable, including launching the Saving on a Valuable Education (SAVE) repayment plan, which is the most affordable repayment plan ever.
studentaid.gov/manage-loans/forgiveness-cancellation/debt-relief-info
President Biden announced new plans to cancel student debt under the Higher Education Act. If implemented as proposed, these plans would authorize waivers to:
Cancel up to $20,000 in interest for all borrowers who have accrued or capitalized interest on their loans since entering repayment.
Automatically cancel debt for borrowers who would otherwise be eligible for loan forgiveness under income-driven repayment plans, like SAVE, or Public Service Loan Forgiveness but are not enrolled in those programs.
Cancel student debt for borrowers with undergraduate loans who entered repayment at least 20 years ago and debt for graduate school borrowers who entered repayment at least 25 years ago.
Cancel student debt for borrowers who previously enrolled in low-financial-value programs.
Cancel student debt for borrowers experiencing hardship in their lives that prevent them from fully paying back their loans now or in the future.
These actions build off of efforts the Biden-Harris Administration has already made to cancel student debt and make loan payments more affordable, including launching the Saving on a Valuable Education (SAVE) repayment plan, which is the most affordable repayment plan ever.
https://studentaid.gov/manage-loans/forgiveness-cancellation/debt-relief-info
THIS IS SO MUCH LAMER
Interest being forgiven tho would be cool. That’s like 7k over 10 years for me
President Biden announced new plans to cancel student debt under the Higher Education Act. If implemented as proposed, these plans would authorize waivers to:
Cancel up to $20,000 in interest for all borrowers who have accrued or capitalized interest on their loans since entering repayment.
Automatically cancel debt for borrowers who would otherwise be eligible for loan forgiveness under income-driven repayment plans, like SAVE, or Public Service Loan Forgiveness but are not enrolled in those programs.
Cancel student debt for borrowers with undergraduate loans who entered repayment at least 20 years ago and debt for graduate school borrowers who entered repayment at least 25 years ago.
Cancel student debt for borrowers who previously enrolled in low-financial-value programs.
Cancel student debt for borrowers experiencing hardship in their lives that prevent them from fully paying back their loans now or in the future.
These actions build off of efforts the Biden-Harris Administration has already made to cancel student debt and make loan payments more affordable, including launching the Saving on a Valuable Education (SAVE) repayment plan, which is the most affordable repayment plan ever.
https://studentaid.gov/manage-loans/forgiveness-cancellation/debt-relief-info
Just in time for election season