Student Loan Interest & Payments Waived through September 30

[Elle Driver]

Shiiiiit I owe ~50k they wasn’t getting shyt besides those private loans paid back anyway


When I do start paying them ima hop right on that public service loan forgiveness wave 10 years of my money for it all to go away

Looks like that program might be eliminated.

 

[Astroslik]

Shiiiiit I owe ~50k they wasn’t getting shyt besides those private loans paid back anyway


When I do start paying them ima hop right on that public service loan forgiveness wave 10 years of my money for it all to go away

That program is pretty much obsolete. And the contingencies are insane. Better hope you don’t miss a payment. And Also your remaining loan amount gets taxed as income at the end of the 10 yr period.

 

[Sugarbush]

Shiiiiit I owe ~50k they wasn’t getting shyt besides those private loans paid back anyway


When I do start paying them ima hop right on that public service loan forgiveness wave 10 years of my money for it all to go away

If you’re gonna apply do it now because Trump wants end the program

 

[Sad Bunny]

I only owe 10k

And you're only paying about a hundred a month?

You should just knock that out faster

 

[Sugarbush]

And Also your remaining loan amount gets taxed as income at the end of the 10 yr period.

That’s not true defeats the whole purpose of the program

The tax bomb applies to ppl enrolled in 20, 25 year income based repayment plans

https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service/questions#general-information

 

[humminbird]

fukk them
acting like they're doing something.
forgive at least 10k of loans or don't talk to me

 

[Serious]

And you're only paying about a hundred a month?

You should just knock that out faster

I was hoping for a student loan bailout from Bernie or Warren.

But yeah i'll probably knock it out next year. I'm building my savings in the mean time.

 

[bigillwill06]

Bernie would of just cleared student loan debt

 

[Thavoiceofthevoiceless]

They owe me about $30 worth of interest back since my bill was due on the 25th and they never adjusted anything beforehand

 

[Astroslik]

That’s not true defeats the whole purpose of the program

The tax bomb applies to ppl enrolled in 20, 25 year income based repayment plans
Public Service Loan Forgiveness FAQs

So it’s 10 years without income tax for the PLSF. Other programs can count it as taxable income.

Doesn’t really matter though. You’re still a fukking idiot if you’re relying on loan forgiveness. Spend 10 Years at a Public Service Job for Student Loan Forgiveness? 99 Percent Won't Get It

 

[ABlackMan]

fukk that...we need FULL STUDENT LOAN FORGIVENESS!!!!!.....

Then everyone without a home because of those could purchase a home and boom! Economic boost

 

[ABlackMan]

They owe about $30 worth of interest back since my bill was due on the 25th and they never adjusted anything beforehand

Dummy brick frowny face

 

[Mr Rager]

This is ok, but just a week ago we were supposed to get $10k student loan forgiveness. But of course the dems failed and folded on that part of the bill so now we get this consolation prize

 

[Womb Raider]

Looks like that program might be eliminated.

That program is pretty much obsolete. And the contingencies are insane. Better hope you don’t miss a payment. And Also your remaining loan amount gets taxed as income at the end of the 10 yr period.

If you’re gonna apply do it now because Trump wants end the program

 

[El_Mero_Mero]

Apparently they’re suspending garnishing wages and taxes for those who defaulted.

During the whole time I never had any wages garnished, and the only time that I felt any sort of effect from it was when I paid off my past due IRS bills in full. I was supposed to get $80 back that I overpaid but instead it was taken presumably for this Department of Education outstanding loan. I've always worked as an independent contractor so I usually pay money back in taxes as opposed to getting a refund. I was really hoping to become more legit this year though and I wanted to do my best to pay off this loan as soon as possible, but as we all know there have been certain hurdles presented this year. If the interest can stop rising at least until September then that's good for me because every little bit helps. I just wasn't sure how it would apply to my situation since my loan was passed off to a debt collector.