Biden Administration Forgives $39B of Student Debt in Income-Driven Payment Plans

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Biden Administration Forgives $39B of Student Debt in Income-Driven Payment Plans

Seeking Alpha2023-07-14

The Biden administration on Friday announced that it will forgive $39B in student debt for 804,000 borrowers in an effort to fix the federal student loan system's income-driven repayment plans, ...

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Echowhiskey
·2023-07-14
After20 to 25 years... debt free? Can i sign pay until i die?
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klarky
·2023-07-14
Part of being an adult is, you take a loan you pay it back!! Not the people who are actually financially responsible! Democrats will try to buy as many votes as possible I guess.
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Any debt left after that period is then automatically forgiven.The Education Department said the fixes address historical failures ","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"translate_title":"拜登政府在收入驱动的支付计划中免除了390亿美元的学生债务","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SOFI":1.1},"content_text":"The Biden administration on Friday announced that it will forgive $39B in student debt for 804,000 borrowers in an effort to fix the federal student loan system's income-driven repayment plans, according to media reports.Under those plans, borrowers pay a fixed percentage of their income for 20 or 25 years, depending on the plan's terms when they took out the loans. Any debt left after that period is then automatically forgiven.The Education Department said the fixes address historical failures in administering the federal student loan program for the income-driven payment plans. 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Can i sign pay until i die?","listText":"After20 to 25 years... debt free? Can i sign pay until i die?","text":"After20 to 25 years... debt free? Can i sign pay until i die?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/197886272077960","repostId":1131870053,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":197883906371624,"gmtCreate":1689345860414,"gmtModify":1689345864456,"author":{"id":"4126097619390902","authorId":"4126097619390902","name":"klarky","avatar":"https://community-static.tradeup.com/news/440ae307ae3a7b5cc1f7c25d579801d8","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":5,"crmLevelSwitch":1,"authorIdStr":"4126097619390902","idStr":"4126097619390902"},"htmlText":"Part of being an adult is, you take a loan you pay it back!! Not the people who are actually financially responsible!&nbsp; Democrats will try to buy as many votes as possible I guess.","listText":"Part of being an adult is, you take a loan you pay it back!! Not the people who are actually financially responsible!&nbsp; Democrats will try to buy as many votes as possible I guess.","text":"Part of being an adult is, you take a loan you pay it back!! Not the people who are actually financially responsible! Democrats will try to buy as many votes as possible I guess.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/197883906371624","repostId":1131870053,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":17,"commentSize":2,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}