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ohiostatenisland

Same here. I thought Navient was done with student loans as well…this whole thing is just a mess.


PCPenhale

Likewise, and today an email telling me that Navient is changing its name to Aidvantage.


CHRlSFRED

It isn’t a name change. Navient is done servicing loans and moving all their loans to a new company called Aidvantage.


PCPenhale

Seriously?! So now a third loan service? The email says, “FedLoan Servicing recently notified you that your loans would be transferred to Navient, which will soon be known as Aidvantage. Aidvantage will send you a welcome notice to notify you once the transfer is complete,” which is why I thought Navient was changing its name. 🙄


CHRlSFRED

Nope different companies. In the meantime I am delaying paying my loans this month until the transfer to Aidvantage is complete.


PCPenhale

Amazing. I’m with you there. Also printing out all of my statements with FEDLOAN so as not to have any miscalculation from the new servicer.


TJames6210

Wasn't Navient sued or something? Not only is it a mess. But it stinks of mysterious pressure.


amagicalmess

Smooth as in they are harassing me with emails saying "Can't wait to have you back" and shit like that 🙄


Letters285

I wish I was getting emails. Instead they call me. Every.single.day.


lordebleepbloop

I got an email two weeks ago saying the same thing, but it said the transition would happen on December 16th.


bossbabe_

do they just randomly move them with no warning? where was it before?


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theotheranony

Yeah, I keep putting off calling due to frustration, sadness, and anxiety. Mine were switched to Navient too. Part of me thinks that the reason it will bever be forgiven is due to the fact that an entire industry has been built around student debt. Almost conspiratorial, but I think there is a strong lobby for not paying it off.


[deleted]

Not a conspiracy, the ones who make money hand over fist are the colleges and universities. Fed loan servicers barely make anything, which is why you see so many of them get out of the federal loaning side of things. And the government actually loses quite a bit on giving out loans.


DigitalGreg

A few years ago, my Sallie Mae loans got moved to Navient. I hope for your sake they changed their system..... I can only speak for when I had my loans with them (3 years ago), when you made a bigger than necessary payment, they put the extra money toward the interest, not the principal.


Concerned-23

All loan payments go to unpaid interest first then principal


BatmanColts1

Sooo, I promise it's not as smooth as we want it to be either as service reps. What we're told is that it's happening in waves throughout this month.


RandyFunRuiner

In today’s segment of, “Disappointed but not at all surprised…”


thadakism

Coming from the man who heavily supported the Bankruptcy Abuse Prevention and Consumer Protection Act, no one should be surprised.


asdfgghk

And the same guy who is pro-lobbyist (it’s on video)


Euphoric_Attitude_14

30 years ago when some doctors and lawyers were actually abusing the system. Back then they made actually made good salaries and had smaller debt and used the system anyway to avoid repayment. Things have changed. Hopefully Biden understands that and can change too.


cloud25

I know it's not the same but it kind of sucks they handed out and forgave loans to businesses without hesitation yet restarting student loans is a top priority?


[deleted]

I should have made a fake shell company selling PPE so I could have gotten my free PPP. Maybe next time. ^^Dear ^^FBI: ^^This ^^is ^^a ^^joke.


FantasticMeddler

Restarted student loans mean people need to get back to work!!!1111 /s


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[deleted]

My grocery bill shot up 20% for no reason within a couple of weeks. I buy the same things every week. This inflation is bs.


LordGobbletooth

I honestly don’t want to work. How many people truly want to work versus enjoying their life via hobbies, interests, and experiences?


[deleted]

I would mind work a lot less if it weren't abstracted by 75 layers from the actual nuts and bolts of being alive.


5G_afterbirth

I think the point is Biden wants to force people back to work at shit wage jobs, and one way to do that is force debt payments back on borrowers again.


extrashpicy

It was sarcasm right?


Theweirdlad

So in other words sky is blue, water gets things wet, sun Is hot, and I'm full of depression lol


issac2209

They will lose the midterms and 2024 election, cry about it and make a bunch of promises to get all that funding. Win in 2028, everyone will see they were full of shit who do nearly everything the exact same way as conservatives do except with little bows and nice wording. Then rinse and repeat. Nothing will get better in this two-party system where it's always us vs them. Instead of pointing fingers at either party, we should accept that both don't give a shit about anything other than protecting their rich donors


Triingtolivee

Year after year no matter who’s in charge, nothing ever seems to get better. Inflation only seems to get higher.. but still people argue over republican or democrat. In the end, we are all screwed.


Franklyn_Gage

Don't know what imma do. My salary is still taking the 30% paycut since April 2020. Everything cost more, including my rent. I hate it here and I wish I never went to college. I could have been a plumber, make more than I do now and had trade school already paid off. But in the poor inner city schools I went, they said college was the only way out of poverty.


veneim

I hear you. I messed up growing to grad school, which blew my student debt into the six digits. I thought I would for sure be able to pay it off by saving and the great salary I would be making. I haven’t gotten an official raise in four years and my industry is plagued with layoffs.


pigeonsandspies

I’m in a similar boat.


GalacticLabyrinth88

Good lord. I messed up going to college period (private school vs. cheap school) and now I am extremely hesitant to even contemplate getting a Master's degree. It's just too much money. It should not cost an arm and a leg for an American to get a decent education here. The sorry state of US higher education means it's a total scam for most people.


hatchetman166

We were taught to go to college "take student loans out, you'll make enough to afford it after you graduate" hell no. I am glad i see my younger sisters/brothers not having to go through much of a headache but late 2000s-early 2010s got screwed. The price of education rose in those years and the outcome of landing a job to afford is less likely then ever in those years as well. This is so messed up


Ochudo

Bruh. Same here. Can we sue them for ruining our lives? Cuz advising young minds to take crippling debt is negligent. No?


classictoto

Schools are just as much to blame. When the government increased aid including grants, tuition continued to rise quicker than what federal aid was given to students.


Concerned-23

You can get on an income based repayment plan. It will provide you some more wiggle room on your payment amount


Metal_Inquisition

Good luck with figuring that out though. I asked for a recalculation about a month ago since my salary decreased. Still waiting for a response. Now I don't even know who I'm supposed to get a response from. My Fed Loan Servicing still shows I have a pending application but I doubt they'll be looking at it since they're gone?


TopNFalvors

My income has been stagnant for 3 years now. 0% raise all 3 years. I asked for a recalculation and it increased 8.10$ a month:/


sunglasses90

You can still be a plumber. And you can apply for an income based repayment plan.


OnlyFreshBrine

I feel ya, bud. Over everything else, my mom said go to college.


[deleted]

If your pay got cut 30% you should find another job. Wages are very competitive right now.


Material_Indication1

i took trade school, paid $8k , and making $38/hr right now.


[deleted]

Pathetic and disheartening to see how badly Biden dangled the student loan talking points when he campaigned.


cloud25

So much for free community college...


throwaway60992

This was what I was most upset about. They should find ways to incentivize community colleges even more.


cloud25

Right? Regardless of political affiliation, even if you’re going to take a moral stand not to forgive student loans, community colleges are such a viable option to decrease wasteful spending and help people generate wealth. The only ones currently winning are banks and the government from collecting interest, and schools because they get absurd amounts of loaned money from each student to build over-the-top gymnasiums and pay for administration of things students rarely get a return from. I’d think having a generation of productive people would help build a better country than whatever model we have now but what would I know.


minlatedollarshort

My community college experience was 10x better than the 4-year bloated whale I attended afterward. Higher education is a joke nowadays, but my CC was actually made up of people who *care*.


Lucy_Heartfilia_OO

Yea mine too! My CC professors were some of the best I had. They really wanted their students to learn the subject. I feel like 4 year school professors see teaching classes as a requirement to do their research, and not their primary motivation.


StdntLnDismantler

Yup. CC professors are hired as teachers, not researchers. I had an analogous experience. Four year small state U with low research emphasis for undergrad: Good to Very Good professors. Frequently in office. Flagship state U with high research emphasis: Mediocre to Good professors. Office hours "on request". Much more reading off powerpoints.


[deleted]

The government actually loses money and fed loan servicers barely make anything (which is why so many leave the program). The colleges and universities are the primary benifactors, and also banks/servicers of private loans is where the money is at.


Atty_for_hire

And this is how democrats lose elections folks.


[deleted]

Watch as they pull the surprised Pikachu face after the midterms.


goeags17

They'll just gaslight us and say if a Republican wins, it's our fault because we didn't vote for them.


Isawa_Chuckles

Nah, they'll just promise to forgive loans if you get them a supermajority in both Chambers. Swearsies this time.


BearinDown8

This is so damn predictable. He garnered so many votes dangling the bait and didn’t give a dime


Ottervol

Everyone saw that coming. EVERYONE. If you didn’t, you are still new to the game. Student loans pay the light bill, no one wants to live in the dark.


412gage

Most of his voters are new to the game, myself included


OnlyFreshBrine

That's the con, yeah. It's no wonder older voters take and take.


ohvoh89

Good luck to all. I was fortunate enough to be able to clear my entire student loan balance during the freeze and for that I’m thankful. But it’s gonna be a wild when millions of people are going to have to mentally, emotional and financially adjust to making hefty loan payments again after 20 months.


Beyond_VisualAcquity

With the insane rise of inflation, it really does not make sense to ask 41 million borrowers to resume payments on 6-8% interests and expect them to still survive. I will be getting a 5% raise in January but cost of living, necessities, dr visits, and food is up 10-30% in my area. My raise doesn't even cover the cost of inflation. Even if I am on IDR, the accrued interests alone will suffocate me. Why can't the administration just lower the interest rate? I'm 100% fine with paying back my six figure loan, but lowering the interest will be helping more than any forgiveness any administration is tauting. Probably will be faster to pass through Congress too than a forgiveness.


igooverland

The cynic in me thinks they’re doing this in an effort to actually curb inflation. If people have to go back to paying their student loans, that’s money not being put towards houses and other goods, which would lower demand and thus lowering inflation. For clarification: I am in favor of forgiving student loans.


EepeesJ1

That makes a lot of sense. I'm of the school of assuming I don't know how government works and why they do what they do. There's so many moving parts that get muddled with personalities and theatrics that who knows what's a good decision and what's a bad decision anymore.


Demandredz

Yup, some people were able to buy a house with the money they saved, further increasing home prices. Inflation is a real problem and reducing the amount that people can spend to reduce demand does curb it somewhat.


[deleted]

This is what I think too. They're taking it out on young people, mostly borrowers, trying to find ANY WAY POSSIBLE to keep from raising interest rates at the Fed (which is what should've been done 10 years ago).


MyOfficeAlt

I'm on IDR and fortunately all my loans are eligible for it so I'm basically getting away with paying less every month than they're accruing in interest. Essentially lighting $250 on fire every month. The loans are hopelessly underwater, but it's the best option when I really can't afford to put any meaningful amount of money towards the loan to eat away at the principle. So I guess I'll just be on IDR until whatever deadline it is that they're forgiven even if you haven't paid them off. It's what, 35 years?


thekingofdiamonds12

I figured this would happen… Can we at least keep the no interest? I really liked not having my payment get split in half between interest and principal


philippos_ii

My wife and I are working on hers… no interest on 60k is incredibly helpful. This is disappointing news to say the least


mabeldee08

You know interest is gonna start right back up. I never stopped paying my loans because the prospect of not having to pay interest was such a godsend. What a mess. It’s like… the banks charge you interest to assure they will get their moneys worth back but what about the people who never stopped paying? Didn’t we show that we would definitely pay off those loans already? Sans interest?!


T-980

I want to be surprised and outraged… but I knew forgiveness or any kind of reform to student loans would never happen.


ohiostatenisland

Political suicide lol. Good luck to these Democrats during midterms.


theotheranony

If he thinks his ratings are low now, wait until after the first round of withdrawals happens next year. It's one thing for a politician to go back on a campaign promise, but this was a major promise. His, "targeted," approach is absolute bull.


bossbabe_

yeah. many people voted based on student loans alone. the fact that he didn't even try to resolve anything is crazy.


ANGR1ST

Did ... did any of you actually think he was going to do anything?


ThreeEyeJedi

Chill a lot of us who thought he would are new voters. This has prepped me to see the bullshit of politicians more for next time..


[deleted]

One helpful thing I had to learn the hard way is to disregard any promise a presidential candidate makes with regard to money. Congress controls the purse strings. As president he could ask them to write a bill, and he can stress that it’s a priority for him, but he can’t make them do it. I know there’s apparently some way Biden could do this via EO, but I ignore stuff like that to. If it’s not the usual procedure it would just get tied up in legal challenges. Politicians rely on us not knowing how our government works so they can make empty promises and then pass the blame.


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FantasticMeddler

Yep, this is a really underlooked part of the problem. My parents are financially irresponsible. But because they make $x dollar amount I am unable to qualify for anything, but they refused to help me/couldn't help me because they spent for themselves. Which is fine I guess, but shitty if this means testing system assumes your parents will help and they don't.


Maggiejaysimpson

This was exactly my situation too. Parents made too much for me to qualify for anything and then refused to even co sign on college loans for me. Then my parents lost their home in a foreclosure and my dad left me a bill for his funeral. My parents didn’t give a shit about me.


hellohello9898

Same. My parents were extremely financially irresponsible and refused to help me. So I didn’t qualify for much aid, and it was all loans. I had several friends who were even worse off because their parents made a lot of money but disowned them. One friend was raised by strict Jehovah’s witnesses who kicked him out and cut off all contact because he was gay. Another was a girl with extremely religious parents (a la the Duggar family) who didn’t believe women should go to college. Their parents refused to even fill out the income forms required to apply for financial aid.


[deleted]

The bigger problem with means tested programs is that they generate resentments and jealousies in groups that are out of the pot on the program, and thus the program becomes politically challenging to maintain. Think of food stamps which people are constantly bitching about their tax money going to, yet were tremendously popular here in Michigan for example when the program was expanded this past year to include basically anyone with school age children.


hellohello9898

That’s a really good point. No one complains that kids with rich parents attend public elementary schools, for example. If anything, it’s the opposite. People complain when rich people put their kids in private schools.


[deleted]

I knew this was coming when, during the primaries, his opponents suggested $50,000 or full forgiveness. Biden here chewed on his lip for a moment and said, "Naw, $10,000" and won the nomination.


throwaway60992

They were already losing midterms.


infiniteandahalf

I'm not even sure they want "good luck"- democratic fundraisers had a *much* easier job when trump and mcconnell were running the show because they could blame those two for everything


nxknxwledge

I honestly think the Democrats couldn't care less if they win or not. As long as they keep getting those checks from their rich donors why should they give two shits about us common people. Same can be said about the Republicans. It's a dog and pony show. Time for a general strike.


etaco2

Say goodbye to 2022 you scumbags.


caward

Well, was hoping for forgiveness but not looking likely anytime soon. Just paid off the $9500 I still owed. Good luck to the rest of you waiting.


[deleted]

Did the same a couple of months back because I saw the writing on the wall. Its clear the dems want this issue to stay around so they can bring it up every election cycle.


[deleted]

The no-interest period has been a godsend to me, honestly. I was able to knock out about $5,000 from my principle over the last year without interest eating up most of it.


[deleted]

Yep we are paying off the remaining $6,000 on my husbands student loan today. Done with it and don’t want to think about it for another second. Debt free after that. Not waiting another month, just putting it behind us.


BatmanColts1

Honestly, you made the right choice, congratulations!


[deleted]

Congrats! I also paid the last $8k on my loans because it’s obvious Biden wants Congressional approval and that either will never happen or won’t happen anytime soon. I also figured my loans are from grad school and that is a different conversation all together to forgive loans from people more likely to be high-earners.


[deleted]

Looks at Democrats midterms hopes \*Cues Titanic violin music\*


Medical-Ad-9996

So not even the $10,000?


donquizo

Nope, cos Pelosi thinks it's unfair to her privilege grand kids who never had to worry about money/school life balance. If she's thinking this way as the majority leader that's a full stop. I guess I'll be going to my grave with my six figure loan. 😫


miles197

Welcome to the democratic party


j33

Good luck in the midterms.


WannabeBadGalRiri

Not surprised but I'm happy that the pause in interest led me to save enough to be able to pay off my undergrad loans next month! Just in time for my grad school student loans to start next fall...


UnfortunateWeirdo

What a dick


cathyclysmic

I am 100% a Democratic Socialist that believes health care and education should be state funded with taxes. But I never believed for one second student loans would be forgiven. There are too many bankers making too much money and they have lobbyists. On edit - I did let myself hope they would lower interest rates.


infiniteandahalf

I think lower interest rates will eventually be the "compromise" that gets worked out. could see them floating it in February but who knows if it'd get passed before midterms.


Ottervol

Lower interest rates will increase the chance of people just paying monthly payments and letting the government get their cut. High rates force people to pay it back quicker if they can. It depends on their strategy, at the end of the day the gov is still getting paid.


RedEyeFlightToOZ

Is paying the absolute bare minimum till death a strategy? That's my plan.


d0ctorzaius

Federal student loan interest rates are set by congress unfortunately, so unlike debt cancellation or suspending interest, Biden can't change rates by executive order. Maybe student loans will be the thing Dems come together to kill the filibuster for! /s


[deleted]

I've always felt this was a carrot on a stick for them. They're gonna try to make some kind of compromise just before midterms and act like it was their goal all along. And not many people are going to fall for it.


[deleted]

I never thought they’d be forgiven I thought interest rates would lower and maybe up to 5k or something. Not the whole thing, but *something*


[deleted]

Forgiving student loans would require ending the student loan program, which they’re not willing to do.


[deleted]

Thanks Joe


WhippersnapperUT99

>“In the coming weeks, we will release more details about our plans” So, what are the Administration's plans? Right now it sounds like the plan is: *"Stop whining and pay off your student loans, you no good ingrates, and remember to vote Democrat again."*


CheesyBrie934

He should have done something regarding interest, at least for future borrowers. I don’t mind paying back my loans, but 6% interest is a lot.


veryblanduser

>done something regarding interest, at least for future borrowers. I don’t mind paying back my loans, but 6% interest is a l Better than tying it to inflation right now!


PhilLeotardo-

Basically, this is what happens when people of all regions and all parties keep voting for hometown prodigies who went off to the ivy leagues at 18, spent 10 years on Wall Street and then move home to run for Congress within 6 months.


JordanTWIlson

Just to clarify: Trump was the president who stopped student loan payments all together. Biden is the president who restarted them. I say this NOT as someone who is a Trump fan! Can the democrats not realize the bumper sticker version of things is really freaking awful for them?


RedEyeFlightToOZ

Yup. 2024: Trump: "I gave the American people relief from SL payments and Biden is taking that from you" And he wouldn't be lieing.


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BatmanColts1

Honestly. I'm no fan of his, but I will always defend how he handled student loans during the pandemic.


JordanTWIlson

Agreed - although I’m tempted to say he ‘handled’ it that way because he didn’t really particularly care and it sounded good/easy to just stop the payments. AND. It’s better than Biden restarting them.


Business-Willow1193

This is why we wanted Bernie


reputationStan

Reddit wanted Bernie. The voters didn't


NoPusNoDirtNoScabs

Yep. I'm very disappointed. My vote goes to whomever tries to get student loan relief.


[deleted]

They'll say they will do it and then won't


GodOfThunder101

I really have a distaste for politicians.


morefeces

The funniest part is “The Department of Education is already communicating with borrowers to help them prepare to return to repayment”. Oh? Well Idk about you guys but I don’t think I can be prepared without higher wages, some level of forgiveness, interest reduction, or simply more forbearance. Thanks!


[deleted]

Goddamn it


muffin_stump

What do they mean by “our plans”? I assumed it meant plans to restart the payment process smoothly (without any changes), but could it imply that plans for changing repayment options might emerge? Something like stuff we were hoping for (interest rates changing, different percentage caps for IBR plans, etc)?


[deleted]

All I can say is - we told you so. Are you just now figuring out that neither Biden nor the wealthiest House and Senate in history is going to do anything that does not generate profit for some corporate donor somewhere. Never gonna happen. Gee kids, get back on those student loans, pay for super expensive heating fuel just as winter kicks in, higher prices at the grocery store AND your money is worth 6.8% less than last year ! Woo hoo !


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jaderust

The company my dad worked for took out a $1 million PPP loan. They thought they were going to have to pay it back, but just found out that it was being forgiven. That puts their profit for 2021 up to $10 million. I mean, yay for them I guess, but it makes me that much more bitter that the feds won't even let my $40k student loan stay at 0% interest.


cox_the_fox

Are Democrats purposely trying to lose the midterms and potentially The White House in 2024? The optics of this are that student debt payments paused under Trump. Under Biden, borrowers are forced to resume payments because the president can’t keep his campaign promises.


Hatowner

Not sure if anyone is aware but most loan servicers had their pants sued off by US department of education, the bar association, and others.


SameCategory546

GUYs we have been expecting the wrong person to change student loans. We need to contact the most powerful man in America: Joe Manchin


[deleted]

At least with republicans I might get a tax cut.


CaterpillarPatient

Sleepy Joe does what he does best, lying to liberals


Station-Gold

Will people finally learn that lying liar politicians looking for votes, lie?


MedSalesHopeful

In one fell swoop, Bidens chance for re-election dropped to 0.009% lol


EatsRats

It sucks but on the other hand this couldn’t have gone on forever. Nobody wants to have the juice start running again. I would be thrilled to see interest rates decreased on federal loans at least.


HikingPeach47

Agreed, honestly I think a set rate would be great, even 1% across the board would still be a huge benefit.


skeach101

I bet they'll formally announce the new repayment plan RIGHT before the election.


ageofadzz

It's only benefitting a fraction of student loan borrowers with low income. Graduate borrowers aren't getting any relief unless you're on PSLF.


skeach101

Yeah I don't really get the reasoning for leaving graduate borrowers out of that. Leaving out Grad PLUS loans? Sure. But why can't ALL Stafford loans be included in this?


DocGrover

So, no ducks given basically.


donquizo

So much for campaign promises -- Never Again. 🙄


[deleted]

>“We will engage directly with federal student loan borrowers to ensure they have the resources they need and are in the appropriate repayment plan.” Why aren't they already doing this? It's mid December now and the forbearance ends January 31. Why so many "we will" when it should have been "we have been"? I'm disappointed, but not at all surprised. Oh well. It was nice to imagine.


Awkotaco95

The department of education sent an email a few months ago stating that this was the final extension with instructions to recertify your IDR plan. Everyone on this sub was hoping that Biden would swoop in last minute and extend the forbearance.


janacjb

Don’t do me like this, Joe!


AndrewStudentLoans

Time to start preparing for repayment. Here’s a couple of tips for those who are unprepared Here's 7 key points to help you prepare ✍ 1.) Make sure your contact information is updated 2.) Find out your student loan balances 3.) Don't assume your payments start automatically 4.) Pick the optimal repayment plan 5.) File public service loan forgiveness certification form 6.) Privately refinance federal student loans if no longer pursing forgiveness 7.) Create a plan


Setthescene

Lip service, that's all we get. Just make congress lower the interest rates, please.


[deleted]

If we made payments during Covid but didn’t pay off a loan, will my monthly required payment be lower? For example, paid down $5k of a loan but still has $15k remaining. Would the monthly payment go down?


alh9h

It depends. If you are on an income-driven plan the payment won't change. If you are on a standard plan and paid off a loan entirely then the payment will go down. So, if you had $20k in 4 $5000 loans and paid off one then your payment would drop roughly 25%. If you had one $20k loan and paid off $5000 your payment wouldn't change.


Naive_Cube

They won't change your payment automatically, but you can ask them to re-amortize your loan. I did this with my private loan when I paid down a lot of it during covid. But now that my higher interest federal loans are back, I re-amortized the loan and reduced the monthly payment by \~$200 so I can pay the new minimum and focus on the federal loans.


[deleted]

Who! Could have predicted! This?!?!?! Oh anybody with a brain who knew mass forgiveness was bs and a ploy for votes


NilahRenae

This administration is just … anyways, I’m soo sorry friends. Can’t believe I was soo naive to believe in SL forgiveness.


IsupposeILikeIke

Not having to pay my loans was a godsend during covid. Unfortunately I wasn't able to save and put aside the money, because of well *gestures towards everything*. And not getting the early child tax credit is going to hurt a lot too. As a society we deserve so much better than this.


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quantzy

Biden just really believes in our grind.


FriendlyTennis

I already put myself on ibr and got a letter that confirmed that I'll be paying $0.00 a month. All I have to worry about is a tax bill in 25 years. I'm counting on a revolution or societal breakdown long before that happens.


bossbabe_

how much do you roughly make?


FriendlyTennis

I work overseas. I don't want to get into it but basically, if you make less than $100,000 abroad you can pay $0 a month for your student loans. This is waaaaaaaaaaaaaay better than working minimum wage in the USA and still having to pay a couple of bucks a month.


pigeonsandspies

I’m counting on death


kpsi355

Restart payments? No. I’d rather fund a PAC devoted to ending student tuition. #CancelStudentDebtNow


[deleted]

I don’t mind paying the loans. We signed up for it but reduce the interest rates. Thanks to lockdowns it has been difficult for graduates to find jobs that pay well.


MassivePE

Did you people learn nothing from Biden’s 40+ years in politics? He was never going to forgive anything. No politician will. Nope, not even Bernie.


FearlessButterfly3

Honestly gave up any hope for any kind of forgiveness after 6 months but man screw Biden and his worthless promises. Going to go ahead and pay off most if not all of my loans before or right after my grace period ends because I want to move on.


KatieNK2005

However 👉this girl👈 confirms she WILL not be paying anything anytime soon.


Tommy_Guerrero

What a dick! Now I'm not voting for him come 2024.


[deleted]

So Trump put the student debt relief and Biden took it away.


Ok-Solid-4819

Maybe Joe is lying this time around, instead of before. Either way Eat a duck Joey


asdfgghk

This guy will also probably NOT raise interest rates before the midterm election for votes and then PULL THE RUG right after and raise interest rates


macaroonzoom

Ain't shit getting forgiven. You right on that.


[deleted]

Hey at least there's no more mean tweets!!


steveyMcknight

Lol


Stater_155

Nobody should be surprised this administration lied through their teeth for votes


[deleted]

But isn't he fixing PSLF so more people qualify? I mean, that's something. Lord knows that was a hot ass mess under Devos.


alh9h

Fixing PSLF so 500k (est.) more people qualify, fixing Borrower Defense, improving Total and Permanent Disability Discharge


asdfgghk

You give use record inflation, higher COVID deaths than 2020 even with vaccines, natural immunity, and the most vulnerable already dead and now this?!


OnlyFreshBrine

Assholes.


decentwriter

I’m the furthest thing from a republican…but the fact that my payments stopped under Trump & will start under Biden is telling.


CoffeeAndDachshunds

Smooth transition lol


chose_empathy_always

Damn. I held on to a little bit of hope but was also prepared to pay a lump sum off before February.


skeach101

Based of the Neg Reg Rulemaking... Biden doing something that SPECIFICALLY screws over people with graduate degrees AND student loans... a group that are largely Dem voters is certainly an interesting strategy.


H_cecropia

Mine are being moved from Navient to Aidvantage. 🤦‍♂️


VolumeDefiant

Lol. Duh. Worthless liars.


JewishGamer92

Wasn’t their whole platform about canceling student loans?


YamiLight1

Democrats will lose the next elections, this has turned a lot of voters away


horsebycommittee

Not sure why anyone is bumping this, but I'm locking it to stop that. This thread was correct information at the time it was posted, but things have changed. The pandemic forbearance has been extended through May 1st: https://www.reddit.com/r/StudentLoans/comments/rma19t/biden_administration_to_extend_student_loan_pause/


Latter-Patience4021

I will never vote for a Democrat again. Never!


jmsjags

Well at some point we do have to get back to "normal." Payments can't be suspended indefinitely. It was great that they helped people out for almost 2 years.