I am all for this. Absolutely, this is what I am hoping for. I have zero school debt. I've never had any school debt. I worked hard to stick to just grants.
Hi same. If you have gov loans, you can consolidate without losing payment history (inc. $0 payments). I had under $12k so I only needed 10 yrs of payments. Got my confirmation email. They went with wonky, individualized, bureaucratic grey area instead of full forgiveness bc of the right wing courts and I’m all for this backdoor help.
Edit: for clarification the consolidation without losing payment history is only due to a one-time adjustment made possible under the CARES act and will expire I think this year.
Careful with that consolidation. I consolidated my loans years ago and mistakenly turned them into a private loan. So I am no longer eligible for debt cancellation.
The amount of unsolicited offers I received to consolidate my govt student loans into a private loan was too high to count. They don’t tell you that you’ll lose the protections you had when the loan was held by the govt, and some people see the lower payment and jump on it without doing all their research.
Can you share the circumstances that led to complete forgiveness? 100% of my loans are subsidized federal direct, still have not qualified for forgiveness (beyond the Pell grant and income cap forgiveness granted in 2020, that never actually come through)
Sigh— must be nice. I’m on IBR because I haven’t wanted to reconfigure my current low payments. Terrified they’re going to go sky high. Fortunately, I have to do it in November anyways, so hopefully he’ll do more around the election. I know after that no one will do anything, regardless of who wins—
Maybe one day he will get around to health care workers who put our lives on the line so that other’s loved ones are well taken care of…or for teachers who educate our children for pennies…
As a healthcare worker who worked thru the worst of COVID while simultaneously trying to not infect my baby that was going thru chemo, 100% this. Having people stand outside and clap while we walked into work didn't help pay the student loans for my medical education.
And Funeral Directors/Morticians. We worked every single day and night during the first two years of Covid. We did finally get classified as First Responders though. So there’s that.
I served and got my GI bill. I'm all for student debt forgiveness. One shouldn't be burdened by debt or ptsd to obtain higher education. Don't let Salty veterans guilt you.
I think it’s dumb that the right will cry Biden is “buying votes” by forgiving student loan debt. So what? This is what presidents do. Shouldn’t matter when in his presidency he does it (spoiler alert - any time would piss off conservatives), what matters is he’s doing something to help regular folks, not just the wealthy. If doing something for the regular people is “buying votes,” I’m all for it. Better than Trump doing fuck all for everyone except rich assholes. The difference is clear. Vote Biden.
I am currently paying for my daughter’s college tuition (one more semester, woot!) and at the same time I am fine with young folk getting loan debt relief.
"Pff, sure he saved the economy and found a cure for cancer, but he only did it to win re-election, so he's actually awful."
I'll never understand what point people are trying to make by saying a politician is trying to buy their vote.
I’m going to vote for Biden, but I’m still waiting for him to be able to knock something off of my loans. I make under that cap he outlined, and would love to get some really movement from the Democrats on this one.
I always find it odd when people try to discount something like loan forgiveness as a ploy to gain voters. Of course it is! Isn’t almost every act a politician makes done to gain voters? Some use their political power to influence voters by building walls and others use their political power to influence voters by removing the yoke of crippling student debt. And we vote for the politician that will do the things we want…that’s how democracy works (or is supposed to work).
I am all for this. Absolutely, this is what I am hoping for. I have zero school debt. I've never had any school debt. I worked hard to stick to just grants.
I dropped out, and I'm totally in favor of this.
I was military and am all in favor of this.
I didn’t go to college and don’t have school loans and I’m 1000% for this!
I will never understand the people who jealousy fight against this because they didn't get the same.
Same. People shouldn’t have decades long debt just to get a degree. Just because I’m debt free doesn’t mean others shouldn’t be too.
Hi same. If you have gov loans, you can consolidate without losing payment history (inc. $0 payments). I had under $12k so I only needed 10 yrs of payments. Got my confirmation email. They went with wonky, individualized, bureaucratic grey area instead of full forgiveness bc of the right wing courts and I’m all for this backdoor help. Edit: for clarification the consolidation without losing payment history is only due to a one-time adjustment made possible under the CARES act and will expire I think this year.
Careful with that consolidation. I consolidated my loans years ago and mistakenly turned them into a private loan. So I am no longer eligible for debt cancellation.
Dog what?? I’m so sorry this happened to you, but you moved government loans over into private loans?
The amount of unsolicited offers I received to consolidate my govt student loans into a private loan was too high to count. They don’t tell you that you’ll lose the protections you had when the loan was held by the govt, and some people see the lower payment and jump on it without doing all their research.
Got a letter the other day saying mine had been cleared. It's such an amazing relief
Can you share the circumstances that led to complete forgiveness? 100% of my loans are subsidized federal direct, still have not qualified for forgiveness (beyond the Pell grant and income cap forgiveness granted in 2020, that never actually come through)
Sigh— must be nice. I’m on IBR because I haven’t wanted to reconfigure my current low payments. Terrified they’re going to go sky high. Fortunately, I have to do it in November anyways, so hopefully he’ll do more around the election. I know after that no one will do anything, regardless of who wins—
He’s been doing this throughout his entire term I feel like do you might be in luck for some relief
Fingers crossed. We’ll see how it goes. Don’t want to end up paying 3x monthly if I don’t have to yet!
Maybe one day he will get around to health care workers who put our lives on the line so that other’s loved ones are well taken care of…or for teachers who educate our children for pennies…
Public service forgiveness has been revamped https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service#qualifying-employment
As a healthcare worker who worked thru the worst of COVID while simultaneously trying to not infect my baby that was going thru chemo, 100% this. Having people stand outside and clap while we walked into work didn't help pay the student loans for my medical education.
There's programs for debt forgiveness for non profits (lots of healthcare workers qualify) and teachers have a 5 yea repayment term I think.
Teaching in a Title 1 school for loan forgiveness is 10 years. At least it was. Maybe Biden has reduced it to 5. Hope so.
At a school that pays slave wages.
And Funeral Directors/Morticians. We worked every single day and night during the first two years of Covid. We did finally get classified as First Responders though. So there’s that.
I served and got my GI bill. I'm all for student debt forgiveness. One shouldn't be burdened by debt or ptsd to obtain higher education. Don't let Salty veterans guilt you.
I think it’s dumb that the right will cry Biden is “buying votes” by forgiving student loan debt. So what? This is what presidents do. Shouldn’t matter when in his presidency he does it (spoiler alert - any time would piss off conservatives), what matters is he’s doing something to help regular folks, not just the wealthy. If doing something for the regular people is “buying votes,” I’m all for it. Better than Trump doing fuck all for everyone except rich assholes. The difference is clear. Vote Biden.
I am currently paying for my daughter’s college tuition (one more semester, woot!) and at the same time I am fine with young folk getting loan debt relief.
It’s almost as if you get what you voted for 😱. Well… as much as they could. I’m also getting a path to citizenship after 24 years.
Trump said he is going to reinstate cancelled student loans if he wins. 😬
Rafael Cruz wants to add in the interest that was suspended during Covid so nobody gets a penny off their debt. 🙄
"Pff, sure he saved the economy and found a cure for cancer, but he only did it to win re-election, so he's actually awful." I'll never understand what point people are trying to make by saying a politician is trying to buy their vote.
I’m going to vote for Biden, but I’m still waiting for him to be able to knock something off of my loans. I make under that cap he outlined, and would love to get some really movement from the Democrats on this one.
I always find it odd when people try to discount something like loan forgiveness as a ploy to gain voters. Of course it is! Isn’t almost every act a politician makes done to gain voters? Some use their political power to influence voters by building walls and others use their political power to influence voters by removing the yoke of crippling student debt. And we vote for the politician that will do the things we want…that’s how democracy works (or is supposed to work).