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My understanding is that any loan listed as DIRECT is eligable. So, here's my dashboard (with the amounts blocked out); you can see that because I have Pell grants listed, I'll be getting the 20k relief; if you have the same (on studentaid.gov), you're eligable for the expanded relief:  Then, if you go to the Breakdown and your loans are listed as "Direct", you get some of that forgiven.  (Any word on if it comes off the subsidized or unsubsidized amount first? Or do we get an option to direct it?) Also, the new IDR plans will cap out at 5%, include more deductions to reduce what does and does not count as "disposable income", and interest cannot raise the amount owed over the initial principle, IIRC.
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Oct 14, 2022 16:59
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KIT HAGS posted:To be clear, before I fill that out, does that impact my eventual loan discharge after 10 years and qualifying payments in PSLF? I’m paranoid. It’s not gonna be like oops rear end in a top hat you can’t have both? Looking at the requirements it doesn't say anything but: https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service posted:be employed by a U.S. federal, state, local, or tribal government or not-for-profit organization (federal service includes U.S. military service); So you're probably good.
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Oct 16, 2022 01:16
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Malaria posted:I got my email today. End of January is when they resume, I believe. So first payments would be the February ones. I can see it going both ways; he's indicated a lack of will for extending the pause, but I think if something that's ultimately going to be part of his legacy is delayed like this, he might.
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Nov 21, 2022 18:20
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Len posted:The headlines have been saying that the white house is considering extending since payments resuming was based on this forgiveness going through As much as I'm not a doomer, I honestly didn't expect this. Leon Trotsky 2012 posted:Exactly the same as the odds of them winning the legal case. Unknowable is probably the best answer. Theoretically, the suit shouldn't have standing as far as I know (the two who are suing because they didn't qualify for the program in Texas is definitely some "own the libs" judge overstepping judicial bounds), but McConnel's spent the last few years packing the courts, so.... It's a land of contrasts.
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Nov 21, 2022 20:44
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Beefed Owl posted:That's very possible, they won't cut you a break if you only haven't been paying in like the last 6 months. Also if it is purely a fed loan I don't think you can negotiate those down but you can negotiate payments with them without having to go through the shithole process of trying to prove your income every 6 months if you haven't been paying for a long time. As far as I know part of this deal includes allowing students to renegotiate their payment plans so they don't have to pay $400 a month if they can't, while also keeping them from putting it all towards interest so that you never pay down the principle balance. An underdiscussed part of the Biden Plan (for lack of a better name) is that IDR plans will result in smaller monthly payments and IIRC the interest cannot exceed principle or won't add to principle or something like that.
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Dec 1, 2022 20:45
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Trollipop posted:I dropped out of University in 2012 and haven't paid back a dime on my student loans since then. At the time, I don't think I was eligible for a Pell Grant because I was still being claimed as dependent. Since I've gotten a bit older, I've taken community college classes and received a pell grant. Since I've received a pell grant since I've taken out my loans, will I be eligible for $20k in forgiveness or just $10k? My understanding is that it'll be if you have a pell grant listed at all on StudentAid.gov: Neito posted:My understanding is that any loan listed as DIRECT is eligable.
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Dec 9, 2022 15:06
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Mr.Pibbleton posted:I bet RFK's stance on student debt forgiveness is that it'd be a powerful injection into the US economy. idk RFK Jr.'s shown that he's pretty against most injections.
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Jul 2, 2023 07:21
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There's at least the murmurs of organizing for a mass default strike. Not sure how I feel about that; not morally, I think it's a morally justified and good idea at this point, but pragmatically it's a huge risk, in that if it accomplishes nothing a large portion of people are going to gently caress themselves over. Very Prisoner's Dilema.
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Jul 3, 2023 17:41
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