As someone who paid off student debts as quickly as possible 10+ years ago...am I supposed to feel a great sense of unfairness? Because I don't 🤷
this post was submitted on 12 Apr 2024
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I mean I do. I'm not gonna lie about it. It would be prettttty sweet if I could have the depressingly gross amount of money I dumped into paying off my loans. But I also have no problem whatsoever with this move. I'm all for it. This whole "things sucked for me so it must suck for you too" thing I've seen too much of recently is exhausting as hell.
We can improve. It may not be super fair or feel great to those who already got screwed over by things in the past but that certainly doesn't mean we can't fix things so future people aren't screwed in the same way.
Same. I don't feel unfairness when they help students. I feel unfairness when they give tax breaks to corps and billionaires.
No! Any less suffering deprives the young of their birthright. We must ensure the heritage of adversity is preserved!
Hell yeah. Congrats to the folks who have one less burden to carry!
For who, though?! I keep seeing articles about this latest round of student loan debt forgiveness, but so far I’ve seen nothing about who this round applies to. Who qualifies and how?
People on the SAVE repayment plan qualify. Not sure if you have to take any action beyond that
I’m on that already at least. I did see that it’s expected to take a while for it to apply since legal challenges are expected, so whoever it applies to I guess it’s mostly a waiting game for now.
Do we need to do anything to receive the credit? Is it income based, and if so, is it retroactive? I've been a broke ass for most of my life, but I'm finally after an entire career's worth of busting my ass making pretty good money. I'd be pretty bummed out if I didn't receive assistance just because it took a long time to push this through.
The press release makes it sound like you don't need to take any action if you're still enrolled in the SAVE plan. With other debt cancellations, they sent people letters saying that their debt is now discharged.
Edit: nvm, I found it. People can register here:
https://studentaid.gov/announcements-events/save-plan
Edit 2: it's income driven based on your current income. Well that sucks for people like me who scratched and clawed their way up the ladder for two decades.
~~Is the save plan the original registration? I wasn't able to register for that. They shut registration down by the time I heard of it.~~
Sorry, but a bunch of right-wing judges prevented Biden from doing a blanket forgiveness of the sort which would likely have covered you.
Just be happy that others don't have to deal with the same issues you did.
Yeah, I'm glad some people will receive assistance.