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BumRushDaShow

(144,281 posts) Fri Dec 20, 2024, 06:56 AM Dec 20

Student loan repayment plans reopening, Education Department says. What to know

Source: USA Today

Published 4:20 p.m. ET Dec. 19, 2024 | Updated 8:59 p.m. ET Dec. 19, 2024

The U.S. Education Department said Wednesday it will reopen two major student loan repayment programs to new enrollments while President Joe Biden's signature plan is on hold amid court challenges.

After months of uncertainty, millions of borrowers will now have “more breathing room,” the administration said in its announcement.

The roughly 8 million Americans enrolled in Biden’s halted plan – under which bills have been indefinitely paused – can shift to the older programs now if they want their payments to count toward future debt relief.

Politically, this week's announcement is an admission in the waning days of Biden’s presidency that his efforts to build the “most affordable repayment plan ever” haven’t been as successful as he hoped, especially after a bruising Supreme Court defeat.

Read more: https://www.usatoday.com/story/news/education/2024/12/19/student-loan-repayment-plans-reopened/77084985007/

Link to Department of Education PRESS RELEASE - Department of Education Announces Borrowers Can Now Apply for Additional Income-Driven Repayment Plans

5 replies

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Student loan repayment plans reopening, Education Department says. What to know (Original Post) BumRushDaShow Dec 20 OP

This has been a nightmare for many of us Dr. Shepper Dec 20 #1

I Hear Ya. GB_RN Dec 20 #3

A new announcement came out this morning regarding "Public Service Workers" debt cancellation BumRushDaShow Dec 20 #4

This message was self-deleted by its author GB_RN Dec 20 #2

glad to see this. riversedge Dec 20 #5

Dr. Shepper

(3,083 posts)

1. This has been a nightmare for many of us

Reply to BumRushDaShow (Original post)

Fri Dec 20, 2024, 07:22 AM

Dec 20

I was supposed to be eligible for loan discharge in January after over ten years in public service. I have a job where I could be making 100k more in the private sector. F’in republicans have caused millions of us to be forced into forbearance. Now I have no idea when (or if) my loans will ever be forgiven. I’ve basically wasted a decade to serve the needs of the public who couldn’t give a damn about us. Even includes some folks on DU who lump all school loan forgiveness together.

I’ve never been so depressed in my life.

GB_RN

(3,219 posts)

3. I Hear Ya.

Reply to Dr. Shepper (Reply #1)

Fri Dec 20, 2024, 07:35 AM

Dec 20

As a nurse, I’m right there with you in this insanity. As far as the Reichwingers are concerned tax breaks for billionaires are perfectly acceptable, even if they blow a hole in the budget big enough for the Enterprise, but the rest of can, apparently, fuck right off.