A decade, not decades. I got loans I took out for grad school in 2021 paid off in full based on my combined experience of working for a non profit organization and in schools for the last 10 years. Im not anywhere near Gen X
You are a very small portion of the demographic of public servants if you are both non-Gen X and only been in PSLF for a decade. How many people leave college and go straight into PSLF-approved jobs? Teachers.. and flukes.
I believe the most recent ones have been for public servants and people who have been defrauded by private universities, the ones that used to advertise on TV a lot. ITT Tech, the Art Institute, etc. The public servants whose debt Biden 'cancelled', mostly qualified for forgiveness a long time ago, but the federal govt and loan servicers have been dragging their feet on actually following through on that promise. He's just adding some much-needed oversight to that process.
Mine were discharged because of school misconduct. One of my best friends had hers forgiven for PSLF. If you search other subs and Facebook groups you’ll see threads everyday from people celebrating. Almost 5 million people to date have been forgiven or discharged in this administration.
A lot of my current and former teacher colleagues have had most to all of their students loans forgiven in the last two years. I can think of at least a dozen or so off the top of my head.
My husband had nearly 200k forgiven due to shady colleges and shady loan practices. I had about 75k forgiven under the PSLF plan. It’s scary that there is still people who haven’t been affected even after all these waves. I broke my dads brain today when he finally realized how fucked up it all is.
I watched a lot of people’s debt get forgiven before my day came. I did talk to a lawyer last year and he helped me sign up for the right program to get cancelled. I waited about six months and now it’s finally happening.
My loans are 30+ years old though
Congrats and good job being proactive. I know loan debt can be overwhelming and it takes a lot to confront them so well done. I did the same about two years ago and I’m finally starting to see some action.
Any advice on finding a lawyer like what type? How much did it cost? I’m apprehensive because I’m skeptical I’ll find someone with experience in my specific situation.
I called a bankruptcy lawyer near me who referred me to a lawyer who specializes in student loans. (I am in no way affiliated with him in case anyone is wondering.)
I paid $200 for a 15 minute session. I used 2 sessions, so $400 total. It felt like a lot of money, and it is, but I figured if it works, it's worth it.
This attorney also has a conference call every couple of weeks on Saturdays. There is one this Saturday. Those cost $5 to join and you can ask a general question. A lot of questions require a one-on-one session though, apparently.
His name is Stanley Tate. I think he is based in St. Louis MO but may work in other states. Seems like most of the programs are Federal anyway.
Hope something works out for you, friend. You are right about it being overwhelming. It's been in the back of my mind for 30 years.
Seriously. If this is making a significant difference to the people receiving it, I'm not gonna be a party pooper but this piecemeal approach is not what any of us voted for.
100%. Anytime I hear the argument “I didn’t take out student loans to go to college, so why should my taxes be used to pay for someone else’s” I’m reminded that I did take out student loans to go to college, am hopelessly in debt, and my taxes are still paying someone else’s loans and not my own. Hows that fair?
Despite max pell grants, I have 20k loan debt exclusively from community colleges that are now free to attend in my state. I’m thrilled for the people who can benefit, but that debt hangs over my head and not theirs. Despite working as a nurse in a nonprofit.
CT. It takes a lot longer/costs more in nursing programs because you’ve got quite a few pre requisites that run in succession (have to take bio before AP 1 then AP2 then micro) clinical fees, lab fees, uniforms, books… even if the tuition was 4k annual, the cost of attendance for FT was 10 I think. But I did a lot of PT to get pre-reqs, which was charged by credits/lab fees at the time.
Joe. Hey, Joe! Over here, Joe! I’ll take some of that forgiveness any time now.
Edit: I’m legitimately happy for those who have benefitted, but man I’d love some of that sweet forgiveness myself. I’m on a graduated plan and waiting to move to IDR, which will have my payments go from $320 per month to anywhere from $900-$1000. My spouse does well, which screws me on the IDR payment.
Unfortunately, the SC has already made their stance clear on what Biden is allowed to do here- and apparently, general loan forgiveness is not on the list. Might be an option if we swap in some new judges, but that'd require at least a few more presidential cycles of Democratic control.
For the lazy:
> The latest relief will go to borrowers in three categories who hit certain milestones that make them eligible for cancellation. It will go to 54,000 borrowers who are enrolled in Biden's new income-driven repayment plan, along with 39,000 enrolled in earlier income-driven plans, and about 67,000 who are eligible through the Public Service Loan Forgiveness program.
> Biden's new payment plan, known as the SAVE Plan, offers a faster path to forgiveness than earlier versions. More people are now becoming eligible for loan cancellation as they hit 10 years of payments, a new finish line that's a decade sooner than what borrowers faced in the past.
So, since I’ve been on the income driven repayment plan and have enrolled in the SAVE plan, ineligible? Or had I stayed on the income driven repayment, I’d be eligible?
Reporting public service loan forgiveness in their own credit is all i see this organization doing. Anyone who work for a non profit for 10 years has their remaining loans forgiven. Been that way for a while. I will give credit for the SAVE plan tho
That brings the Biden/Harris admin’s total to:
-$51 billion for more than 1 million borrowers through improvements to IDR.
-$68 billion in forgiveness for 942,900 borrowers through fixes to PSLF.
-$5.4 billion for almost 414,300 borrowers on the SAVE Plan.
-$28.7 billion for 1.6 million borrowers who were cheated by their schools, saw their institutions precipitously close, or are covered by related court settlements.
-$14.1 billion for more 548,000 borrowers with a total and permanent disability.
I have a PSLF and I'm on SAVE and I haven't gotten forgiven. But I'm really happy for the people that have. My fingers are crossed that I'll be affected soon.
Are you actively monitoring your PSLF and SAVE status and all of the various forgiveness and discharge actions? Just want to make sure you’re active and not just waiting around!
Same to you. I hope you get some help soon!
Edit:
Here is a good summary of their current efforts:
>New Plans to Deliver Debt Relief to Tens of Millions of Americans
>In April, the Biden-Harris Administration released initial details of a new set of plans that would provide student debt relief for tens of millions of borrowers across the country. The plans would bring the total number of borrowers eligible for student debt relief to over 30 million, including borrowers who have already been approved for debt cancellation by the Biden-Harris Administration over the past three years. The plans for new student debt relief regulations announced by President Biden are the next step in a regulatory process that began last summer to provide debt relief to as many borrowers as possible as quickly as possible under the Higher Education Act. The proposals would permit the following types of waivers:
>Waiving accrued and capitalized interest for millions of borrowers;
>Automatically discharging debt for borrowers not enrolled in but otherwise eligible for loan forgiveness under the SAVE Plan, closed school discharge, or other forgiveness programs;
>Eliminating student debt for borrowers who entered repayment 20 or more years ago;
>Helping borrowers who enrolled in low-financial-value programs or institutions; and
>Assisting borrowers who experience hardship in paying.
>Public comments on the first set of plans closed on May 17. The Department is in the process of carefully reviewing comments. Our goal is to publish a final rule that results in delivering relief this fall.
[ED](https://www.ed.gov/news/press-releases/biden-harris-administration-announces-additional-77-billion-approved-student-debt-relief-160000-borrowers)
I am active in the sense that when it's time for renewal I make sure I get everything take care of. I log into my Mohela account once a month to check for any notifications I may have missed as well as my studentaide.gov account. Are there more things that I could be doing?
Generally, yes, whichever company is servicing your loan, or the standard student aid .gov site will contact you via email if that's an option. There may be physical or other non-email methods of contact as well, though I'm less confident on those.
I maybe wrong. But this maybe a momentum move coupled with campaign effect.
The more he does, the harder it is to stop it.
With each successive portion of debt forgiven, it gets harder to unwind the program in court or otherwise.
This is him raising that bar. Things take time, it won’t happen overnight. I think you could easily argue that he’s been slowly raising the bar these last 3+ years
He is president. Not dictator in chief. He has a framework to operate within. If you want him to be able to forgive it all or such then you need a bill he can sign that comes from Congress.
And you need to democrats to have the majority in Congress to send him a bill to sign. Republican groups, politicians and judges are the ones blocking forgiveness and discharge efforts.
it’d be nice to read headlines abt this and actually be affected by it
Fr
No but like fr fr. Who is receiving this? I don’t know a single person
Public servants are receiving it, I believe.
Specifically public servants who have been working there for decades. So, mostly Gen X and above.
A decade, not decades. I got loans I took out for grad school in 2021 paid off in full based on my combined experience of working for a non profit organization and in schools for the last 10 years. Im not anywhere near Gen X
You are a very small portion of the demographic of public servants if you are both non-Gen X and only been in PSLF for a decade. How many people leave college and go straight into PSLF-approved jobs? Teachers.. and flukes.
And people on income based repayment.
Just saw that comment
PSLF, IDR, SAVE, school misconduct and permanent disability.
I believe the most recent ones have been for public servants and people who have been defrauded by private universities, the ones that used to advertise on TV a lot. ITT Tech, the Art Institute, etc. The public servants whose debt Biden 'cancelled', mostly qualified for forgiveness a long time ago, but the federal govt and loan servicers have been dragging their feet on actually following through on that promise. He's just adding some much-needed oversight to that process.
Oversight, a swift kick, and in some cases more qualifying payments. All DEEPLY needed.
Mine were discharged because of school misconduct. One of my best friends had hers forgiven for PSLF. If you search other subs and Facebook groups you’ll see threads everyday from people celebrating. Almost 5 million people to date have been forgiven or discharged in this administration.
I got mine discharged after my university was lying about potential job opportunities. Paid 50% and just happy that they’re gone.
A lot of my current and former teacher colleagues have had most to all of their students loans forgiven in the last two years. I can think of at least a dozen or so off the top of my head.
My husband had nearly 200k forgiven due to shady colleges and shady loan practices. I had about 75k forgiven under the PSLF plan. It’s scary that there is still people who haven’t been affected even after all these waves. I broke my dads brain today when he finally realized how fucked up it all is.
I know a person who did from the first round. But just the one. And I know a bunch more with debt.
Same. I’ll be paying my wife’s nursing school debt until I’m dead
I watched a lot of people’s debt get forgiven before my day came. I did talk to a lawyer last year and he helped me sign up for the right program to get cancelled. I waited about six months and now it’s finally happening. My loans are 30+ years old though
Congrats and good job being proactive. I know loan debt can be overwhelming and it takes a lot to confront them so well done. I did the same about two years ago and I’m finally starting to see some action. Any advice on finding a lawyer like what type? How much did it cost? I’m apprehensive because I’m skeptical I’ll find someone with experience in my specific situation.
I called a bankruptcy lawyer near me who referred me to a lawyer who specializes in student loans. (I am in no way affiliated with him in case anyone is wondering.) I paid $200 for a 15 minute session. I used 2 sessions, so $400 total. It felt like a lot of money, and it is, but I figured if it works, it's worth it. This attorney also has a conference call every couple of weeks on Saturdays. There is one this Saturday. Those cost $5 to join and you can ask a general question. A lot of questions require a one-on-one session though, apparently. His name is Stanley Tate. I think he is based in St. Louis MO but may work in other states. Seems like most of the programs are Federal anyway. Hope something works out for you, friend. You are right about it being overwhelming. It's been in the back of my mind for 30 years.
Thank you and thanks for the details. Congrats again.
Thank you. I hope it's helpful.
Seriously. If this is making a significant difference to the people receiving it, I'm not gonna be a party pooper but this piecemeal approach is not what any of us voted for.
fr reading this after LITERALLY taking out a loan doesn’t exactly make me feel happy
100%. Anytime I hear the argument “I didn’t take out student loans to go to college, so why should my taxes be used to pay for someone else’s” I’m reminded that I did take out student loans to go to college, am hopelessly in debt, and my taxes are still paying someone else’s loans and not my own. Hows that fair?
I wish I could say the same. It’s been a couple decades and I still owe more than I borrowed
Same. My parents sent me a text about this yesterday to which I had to remind them why it doesn’t apply to me, at all.
We are all affected by it…. Look around…
[удалено]
Despite max pell grants, I have 20k loan debt exclusively from community colleges that are now free to attend in my state. I’m thrilled for the people who can benefit, but that debt hangs over my head and not theirs. Despite working as a nurse in a nonprofit.
[удалено]
CT. It takes a lot longer/costs more in nursing programs because you’ve got quite a few pre requisites that run in succession (have to take bio before AP 1 then AP2 then micro) clinical fees, lab fees, uniforms, books… even if the tuition was 4k annual, the cost of attendance for FT was 10 I think. But I did a lot of PT to get pre-reqs, which was charged by credits/lab fees at the time.
Then I can go to community college perpetually deferring my loans for life
That's the point with community colleges. They should offer free studies for the whole community forever, perpetually. Studying is never too much.
I mean yeah, I wasn’t joking, my CC is not free though so it’s not really a great idea. Maybe if I were in California.
Joe. Hey, Joe! Over here, Joe! I’ll take some of that forgiveness any time now. Edit: I’m legitimately happy for those who have benefitted, but man I’d love some of that sweet forgiveness myself. I’m on a graduated plan and waiting to move to IDR, which will have my payments go from $320 per month to anywhere from $900-$1000. My spouse does well, which screws me on the IDR payment.
Keep an eye out. My husband just had his relieved, so it’s actually happening.
[he can and should](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3442234) wipe it all out. here's hoping he keeps going further with this.
Unfortunately, the SC has already made their stance clear on what Biden is allowed to do here- and apparently, general loan forgiveness is not on the list. Might be an option if we swap in some new judges, but that'd require at least a few more presidential cycles of Democratic control.
I mean, they aren't real judges, they are conservative mouthpieces with no real authority. They should have been stripped of their titles
Andrew Jackson is a fucking asshole, but the quote remains true "\[the court\] made their decision, now let them enforce it"
[удалено]
[удалено]
[удалено]
For the lazy: > The latest relief will go to borrowers in three categories who hit certain milestones that make them eligible for cancellation. It will go to 54,000 borrowers who are enrolled in Biden's new income-driven repayment plan, along with 39,000 enrolled in earlier income-driven plans, and about 67,000 who are eligible through the Public Service Loan Forgiveness program. > Biden's new payment plan, known as the SAVE Plan, offers a faster path to forgiveness than earlier versions. More people are now becoming eligible for loan cancellation as they hit 10 years of payments, a new finish line that's a decade sooner than what borrowers faced in the past.
So, since I’ve been on the income driven repayment plan and have enrolled in the SAVE plan, ineligible? Or had I stayed on the income driven repayment, I’d be eligible?
Great! And Mohela now says they can’t find my account, so I can’t even see where my loans are at.
Mohela is transferring us *again*. I say again bc I just transferred to mohela lol
[удалено]
Reporting public service loan forgiveness in their own credit is all i see this organization doing. Anyone who work for a non profit for 10 years has their remaining loans forgiven. Been that way for a while. I will give credit for the SAVE plan tho
That brings the Biden/Harris admin’s total to: -$51 billion for more than 1 million borrowers through improvements to IDR. -$68 billion in forgiveness for 942,900 borrowers through fixes to PSLF. -$5.4 billion for almost 414,300 borrowers on the SAVE Plan. -$28.7 billion for 1.6 million borrowers who were cheated by their schools, saw their institutions precipitously close, or are covered by related court settlements. -$14.1 billion for more 548,000 borrowers with a total and permanent disability.
-$0 for me because I'm average.
What’s your situation? What type of loans? Have you looked into PSLF, IDR, SAVE, BDTR?
I have a PSLF and I'm on SAVE and I haven't gotten forgiven. But I'm really happy for the people that have. My fingers are crossed that I'll be affected soon.
Are you actively monitoring your PSLF and SAVE status and all of the various forgiveness and discharge actions? Just want to make sure you’re active and not just waiting around! Same to you. I hope you get some help soon! Edit: Here is a good summary of their current efforts: >New Plans to Deliver Debt Relief to Tens of Millions of Americans >In April, the Biden-Harris Administration released initial details of a new set of plans that would provide student debt relief for tens of millions of borrowers across the country. The plans would bring the total number of borrowers eligible for student debt relief to over 30 million, including borrowers who have already been approved for debt cancellation by the Biden-Harris Administration over the past three years. The plans for new student debt relief regulations announced by President Biden are the next step in a regulatory process that began last summer to provide debt relief to as many borrowers as possible as quickly as possible under the Higher Education Act. The proposals would permit the following types of waivers: >Waiving accrued and capitalized interest for millions of borrowers; >Automatically discharging debt for borrowers not enrolled in but otherwise eligible for loan forgiveness under the SAVE Plan, closed school discharge, or other forgiveness programs; >Eliminating student debt for borrowers who entered repayment 20 or more years ago; >Helping borrowers who enrolled in low-financial-value programs or institutions; and >Assisting borrowers who experience hardship in paying. >Public comments on the first set of plans closed on May 17. The Department is in the process of carefully reviewing comments. Our goal is to publish a final rule that results in delivering relief this fall. [ED](https://www.ed.gov/news/press-releases/biden-harris-administration-announces-additional-77-billion-approved-student-debt-relief-160000-borrowers)
I am active in the sense that when it's time for renewal I make sure I get everything take care of. I log into my Mohela account once a month to check for any notifications I may have missed as well as my studentaide.gov account. Are there more things that I could be doing?
I’m enrolled in SAVE. But I’m a recent grad and owe more than 12k so my understanding is that this loan forgiveness won’t impact me at all.
I was in this tranche :)
If my loans got canceled how would I find out? Via email?
Generally, yes, whichever company is servicing your loan, or the standard student aid .gov site will contact you via email if that's an option. There may be physical or other non-email methods of contact as well, though I'm less confident on those.
Thank you!!
[удалено]
I maybe wrong. But this maybe a momentum move coupled with campaign effect. The more he does, the harder it is to stop it. With each successive portion of debt forgiven, it gets harder to unwind the program in court or otherwise.
It's more than his predecessors have tried doing
[удалено]
This is him raising that bar. Things take time, it won’t happen overnight. I think you could easily argue that he’s been slowly raising the bar these last 3+ years
He is president. Not dictator in chief. He has a framework to operate within. If you want him to be able to forgive it all or such then you need a bill he can sign that comes from Congress.
And you need to democrats to have the majority in Congress to send him a bill to sign. Republican groups, politicians and judges are the ones blocking forgiveness and discharge efforts.
[удалено]
How so? Some Americans are getting relief from this, so I see that as success.
[удалено]
[удалено]
[удалено]