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 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":4,"crmLevelSwitch":1},"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":0,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}