student loans...what will happen when payments start

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They will never restart payments. The wait has been too long. Once people are used to something (in this case not paying) they will never be able to resume it. It’s a political nightmare. Look at all the Central Americans who have had their TPS renewed every two years for more than 25 years based on a hurricane that occurred in the last 90s. And these are actual citizens. Payment resumption will never happen.

From your mouth to Gods ears. If I have to restart the $700/m payment with the inflation that has occurred in the interim I will be flat broke. If I can eke out another 3 years I can make it to PSLF

You should have been paying on them all along. Time for a second job.

Yes I’m getting a second job. But, it doesn’t make sense for me to pay off if I don’t have to bc the less I pay off the more will be forgiven under PSLF once I have put in my time.

You’re still getting a very good deal- 3 years of deferred payments means more will be forgiven under PSLF. You’ve saved $25k! Maybe be thankful rather than complaining…without the pandemic you would have been paying all along.

I didn’t get the 3 years bc I had FFEL and only direct loans qualified. I had to reconsolidate to direct to qualify for the pause and also for PSLF (even though I have been working in nonprofits for over ten years but due to issues with the PSLF program none of that time counted until the waiver, and now only 6 years count). No one publicized that FFEL could qualify for the pause if they reconsolidated (least of all my lender) so I continued to pay almost the entire time despite the fact that I could have saved nearly $25K to which I was entitled had this been better announced earlier. So I’ve gotten about 6m of pause and credit for 6 years of the 13 I have spent in public service and not for profit work. My story is not uncommon.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They will never restart payments. The wait has been too long. Once people are used to something (in this case not paying) they will never be able to resume it. It’s a political nightmare. Look at all the Central Americans who have had their TPS renewed every two years for more than 25 years based on a hurricane that occurred in the last 90s. And these are actual citizens. Payment resumption will never happen.

From your mouth to Gods ears. If I have to restart the $700/m payment with the inflation that has occurred in the interim I will be flat broke. If I can eke out another 3 years I can make it to PSLF

You should have been paying on them all along. Time for a second job.

Yes I’m getting a second job. But, it doesn’t make sense for me to pay off if I don’t have to bc the less I pay off the more will be forgiven under PSLF once I have put in my time.

You’re still getting a very good deal- 3 years of deferred payments means more will be forgiven under PSLF. You’ve saved $25k! Maybe be thankful rather than complaining…without the pandemic you would have been paying all along.

I didn’t get the 3 years bc I had FFEL and only direct loans qualified. I had to reconsolidate to direct to qualify for the pause and also for PSLF (even though I have been working in nonprofits for over ten years but due to issues with the PSLF program none of that time counted until the waiver, and now only 6 years count). No one publicized that FFEL could qualify for the pause if they reconsolidated (least of all my lender) so I continued to pay almost the entire time despite the fact that I could have saved nearly $25K to which I was entitled had this been better announced earlier. So I’ve gotten about 6m of pause and credit for 6 years of the 13 I have spent in public service and not for profit work. My story is not uncommon.

Adding that I also continued to pay interest that entire time before reconsolidating to direct.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They will never restart payments. The wait has been too long. Once people are used to something (in this case not paying) they will never be able to resume it. It’s a political nightmare. Look at all the Central Americans who have had their TPS renewed every two years for more than 25 years based on a hurricane that occurred in the last 90s. And these are actual citizens. Payment resumption will never happen.

From your mouth to Gods ears. If I have to restart the $700/m payment with the inflation that has occurred in the interim I will be flat broke. If I can eke out another 3 years I can make it to PSLF

You should have been paying on them all along. Time for a second job.

I think the break was put in place for a reason- but why in earth wouldn’t borrowers have at least been putting some money aside during this time? Like not the equivalent of the entire payment ($700 in PP’s case) but something g to lessen the blow when payments resumed? Did everyone just think they never would?

I think the political blowback of restart/don’t restart is tough either way, and it’s not like the current administration initiated the freeze. I think the most likely case is sone middle ground- lower interest payments and/or a phase in of payment amounts.

Trump wins next election in a landslide if Biden resumes payments right before this recession. He will be viewed as the Democrat GWB especially after bailing out Silicon Valley tech and NYC crypto.

Also if the Supreme Court rescinds his formal student loan forgiveness program, this is a back door to give borrowers even more…i agree the longer this goes on the less likely it will be that payments ever resume. Republicans will be mad but they weren’t voting for Biden anyway.

Correct. It's pretty apparent Biden was hoping to wipe out student loan balances for the most low-income and at risk of default debtors. Then he could start repayment on the "rich doctors and lawyers" to be done with it. That lawsuit really put Biden in a bind where he could make a catastrophically bad decision.

I'm pretty perplexed by the assumption that borrowers are going to blame Biden for any of this. It's going to be very easy for him to point to the GOP controlled court, the GOP state plaintiffs, and the GOP legislators cheerleading for it. Biden will be able to say he tried his best to get the loans forgiven, and now the only way to get it done is to elect more Democrats.

You are making a huge assumption that borrowers entering repayment will not blame Biden for their monthly bills. Repayment is totally separate from forgiveness and everyone knows it's completely optional for Biden to restart student loan payments. Of course he will get the blame for student loan defaults as well as millions of Millennials and GenZ once again having their income constrained.

They aren’t totally separate. If your loans are forgiven, you don’t have any monthly payments. It’s also not completely optional. He was using an emergency authority to delay the payments, and the emergency is now over.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They will never restart payments. The wait has been too long. Once people are used to something (in this case not paying) they will never be able to resume it. It’s a political nightmare. Look at all the Central Americans who have had their TPS renewed every two years for more than 25 years based on a hurricane that occurred in the last 90s. And these are actual citizens. Payment resumption will never happen.

From your mouth to Gods ears. If I have to restart the $700/m payment with the inflation that has occurred in the interim I will be flat broke. If I can eke out another 3 years I can make it to PSLF

You should have been paying on them all along. Time for a second job.

I think the break was put in place for a reason- but why in earth wouldn’t borrowers have at least been putting some money aside during this time? Like not the equivalent of the entire payment ($700 in PP’s case) but something g to lessen the blow when payments resumed? Did everyone just think they never would?

I think the political blowback of restart/don’t restart is tough either way, and it’s not like the current administration initiated the freeze. I think the most likely case is sone middle ground- lower interest payments and/or a phase in of payment amounts.

Trump wins next election in a landslide if Biden resumes payments right before this recession. He will be viewed as the Democrat GWB especially after bailing out Silicon Valley tech and NYC crypto.

Also if the Supreme Court rescinds his formal student loan forgiveness program, this is a back door to give borrowers even more…i agree the longer this goes on the less likely it will be that payments ever resume. Republicans will be mad but they weren’t voting for Biden anyway.

Correct. It's pretty apparent Biden was hoping to wipe out student loan balances for the most low-income and at risk of default debtors. Then he could start repayment on the "rich doctors and lawyers" to be done with it. That lawsuit really put Biden in a bind where he could make a catastrophically bad decision.

I'm pretty perplexed by the assumption that borrowers are going to blame Biden for any of this. It's going to be very easy for him to point to the GOP controlled court, the GOP state plaintiffs, and the GOP legislators cheerleading for it. Biden will be able to say he tried his best to get the loans forgiven, and now the only way to get it done is to elect more Democrats.

You are making a huge assumption that borrowers entering repayment will not blame Biden for their monthly bills. Repayment is totally separate from forgiveness and everyone knows it's completely optional for Biden to restart student loan payments. Of course he will get the blame for student loan defaults as well as millions of Millennials and GenZ once again having their income constrained.

They aren’t totally separate. If your loans are forgiven, you don’t have any monthly payments. It’s also not completely optional. He was using an emergency authority to delay the payments, and the emergency is now over.

Cool. And where is the case law or statute saying “the emergency is now over.”?

[Anonymous]

Many borrowers are still in college.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They will never restart payments. The wait has been too long. Once people are used to something (in this case not paying) they will never be able to resume it. It’s a political nightmare. Look at all the Central Americans who have had their TPS renewed every two years for more than 25 years based on a hurricane that occurred in the last 90s. And these are actual citizens. Payment resumption will never happen.

From your mouth to Gods ears. If I have to restart the $700/m payment with the inflation that has occurred in the interim I will be flat broke. If I can eke out another 3 years I can make it to PSLF

You should have been paying on them all along. Time for a second job.

I think the break was put in place for a reason- but why in earth wouldn’t borrowers have at least been putting some money aside during this time? Like not the equivalent of the entire payment ($700 in PP’s case) but something g to lessen the blow when payments resumed? Did everyone just think they never would?

I think the political blowback of restart/don’t restart is tough either way, and it’s not like the current administration initiated the freeze. I think the most likely case is sone middle ground- lower interest payments and/or a phase in of payment amounts.

Trump wins next election in a landslide if Biden resumes payments right before this recession. He will be viewed as the Democrat GWB especially after bailing out Silicon Valley tech and NYC crypto.

Also if the Supreme Court rescinds his formal student loan forgiveness program, this is a back door to give borrowers even more…i agree the longer this goes on the less likely it will be that payments ever resume. Republicans will be mad but they weren’t voting for Biden anyway.

Correct. It's pretty apparent Biden was hoping to wipe out student loan balances for the most low-income and at risk of default debtors. Then he could start repayment on the "rich doctors and lawyers" to be done with it. That lawsuit really put Biden in a bind where he could make a catastrophically bad decision.

I'm pretty perplexed by the assumption that borrowers are going to blame Biden for any of this. It's going to be very easy for him to point to the GOP controlled court, the GOP state plaintiffs, and the GOP legislators cheerleading for it. Biden will be able to say he tried his best to get the loans forgiven, and now the only way to get it done is to elect more Democrats.

You are making a huge assumption that borrowers entering repayment will not blame Biden for their monthly bills. Repayment is totally separate from forgiveness and everyone knows it's completely optional for Biden to restart student loan payments. Of course he will get the blame for student loan defaults as well as millions of Millennials and GenZ once again having their income constrained.

They aren’t totally separate. If your loans are forgiven, you don’t have any monthly payments. It’s also not completely optional. He was using an emergency authority to delay the payments, and the emergency is now over.

Cool. And where is the case law or statute saying “the emergency is now over.”?

https://www.whitehouse.gov/briefing-room/presidential-actions/2023/02/10/notice-on-the-continuation-of-the-national-emergency-concerning-the-coronavirus-disease-2019-covid-19-pandemic-3/

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They will never restart payments. The wait has been too long. Once people are used to something (in this case not paying) they will never be able to resume it. It’s a political nightmare. Look at all the Central Americans who have had their TPS renewed every two years for more than 25 years based on a hurricane that occurred in the last 90s. And these are actual citizens. Payment resumption will never happen.

From your mouth to Gods ears. If I have to restart the $700/m payment with the inflation that has occurred in the interim I will be flat broke. If I can eke out another 3 years I can make it to PSLF

You should have been paying on them all along. Time for a second job.

I think the break was put in place for a reason- but why in earth wouldn’t borrowers have at least been putting some money aside during this time? Like not the equivalent of the entire payment ($700 in PP’s case) but something g to lessen the blow when payments resumed? Did everyone just think they never would?

I think the political blowback of restart/don’t restart is tough either way, and it’s not like the current administration initiated the freeze. I think the most likely case is sone middle ground- lower interest payments and/or a phase in of payment amounts.

Trump wins next election in a landslide if Biden resumes payments right before this recession. He will be viewed as the Democrat GWB especially after bailing out Silicon Valley tech and NYC crypto.

Also if the Supreme Court rescinds his formal student loan forgiveness program, this is a back door to give borrowers even more…i agree the longer this goes on the less likely it will be that payments ever resume. Republicans will be mad but they weren’t voting for Biden anyway.

Correct. It's pretty apparent Biden was hoping to wipe out student loan balances for the most low-income and at risk of default debtors. Then he could start repayment on the "rich doctors and lawyers" to be done with it. That lawsuit really put Biden in a bind where he could make a catastrophically bad decision.

I'm pretty perplexed by the assumption that borrowers are going to blame Biden for any of this. It's going to be very easy for him to point to the GOP controlled court, the GOP state plaintiffs, and the GOP legislators cheerleading for it. Biden will be able to say he tried his best to get the loans forgiven, and now the only way to get it done is to elect more Democrats.

You are making a huge assumption that borrowers entering repayment will not blame Biden for their monthly bills. Repayment is totally separate from forgiveness and everyone knows it's completely optional for Biden to restart student loan payments. Of course he will get the blame for student loan defaults as well as millions of Millennials and GenZ once again having their income constrained.

They aren’t totally separate. If your loans are forgiven, you don’t have any monthly payments. It’s also not completely optional. He was using an emergency authority to delay the payments, and the emergency is now over.

Cool. And where is the case law or statute saying “the emergency is now over.”?

https://www.whitehouse.gov/briefing-room/presidential-actions/2023/02/10/notice-on-the-continuation-of-the-national-emergency-concerning-the-coronavirus-disease-2019-covid-19-pandemic-3/

“I am continuing the national emergency declared in Proclamation 9994 concerning the COVID-19 pandemic. I anticipate terminating the national emergency concerning the COVID-19 pandemic on May 11, 2023.”

So you concede that, legally, it is not over. Thank you for proving my point.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They will never restart payments. The wait has been too long. Once people are used to something (in this case not paying) they will never be able to resume it. It’s a political nightmare. Look at all the Central Americans who have had their TPS renewed every two years for more than 25 years based on a hurricane that occurred in the last 90s. And these are actual citizens. Payment resumption will never happen.

From your mouth to Gods ears. If I have to restart the $700/m payment with the inflation that has occurred in the interim I will be flat broke. If I can eke out another 3 years I can make it to PSLF

You should have been paying on them all along. Time for a second job.

I think the break was put in place for a reason- but why in earth wouldn’t borrowers have at least been putting some money aside during this time? Like not the equivalent of the entire payment ($700 in PP’s case) but something g to lessen the blow when payments resumed? Did everyone just think they never would?

I think the political blowback of restart/don’t restart is tough either way, and it’s not like the current administration initiated the freeze. I think the most likely case is sone middle ground- lower interest payments and/or a phase in of payment amounts.

Trump wins next election in a landslide if Biden resumes payments right before this recession. He will be viewed as the Democrat GWB especially after bailing out Silicon Valley tech and NYC crypto.

Also if the Supreme Court rescinds his formal student loan forgiveness program, this is a back door to give borrowers even more…i agree the longer this goes on the less likely it will be that payments ever resume. Republicans will be mad but they weren’t voting for Biden anyway.

Correct. It's pretty apparent Biden was hoping to wipe out student loan balances for the most low-income and at risk of default debtors. Then he could start repayment on the "rich doctors and lawyers" to be done with it. That lawsuit really put Biden in a bind where he could make a catastrophically bad decision.

I'm pretty perplexed by the assumption that borrowers are going to blame Biden for any of this. It's going to be very easy for him to point to the GOP controlled court, the GOP state plaintiffs, and the GOP legislators cheerleading for it. Biden will be able to say he tried his best to get the loans forgiven, and now the only way to get it done is to elect more Democrats.

You are making a huge assumption that borrowers entering repayment will not blame Biden for their monthly bills. Repayment is totally separate from forgiveness and everyone knows it's completely optional for Biden to restart student loan payments. Of course he will get the blame for student loan defaults as well as millions of Millennials and GenZ once again having their income constrained.

They aren’t totally separate. If your loans are forgiven, you don’t have any monthly payments. It’s also not completely optional. He was using an emergency authority to delay the payments, and the emergency is now over.

Cool. And where is the case law or statute saying “the emergency is now over.”?

https://www.whitehouse.gov/briefing-room/presidential-actions/2023/02/10/notice-on-the-continuation-of-the-national-emergency-concerning-the-coronavirus-disease-2019-covid-19-pandemic-3/

“I am continuing the national emergency declared in Proclamation 9994 concerning the COVID-19 pandemic. I anticipate terminating the national emergency concerning the COVID-19 pandemic on May 11, 2023.”

So you concede that, legally, it is not over. Thank you for proving my point.

The next extension will be due in August, which is after May.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They will never restart payments. The wait has been too long. Once people are used to something (in this case not paying) they will never be able to resume it. It’s a political nightmare. Look at all the Central Americans who have had their TPS renewed every two years for more than 25 years based on a hurricane that occurred in the last 90s. And these are actual citizens. Payment resumption will never happen.

From your mouth to Gods ears. If I have to restart the $700/m payment with the inflation that has occurred in the interim I will be flat broke. If I can eke out another 3 years I can make it to PSLF

You should have been paying on them all along. Time for a second job.

I think the break was put in place for a reason- but why in earth wouldn’t borrowers have at least been putting some money aside during this time? Like not the equivalent of the entire payment ($700 in PP’s case) but something g to lessen the blow when payments resumed? Did everyone just think they never would?

I think the political blowback of restart/don’t restart is tough either way, and it’s not like the current administration initiated the freeze. I think the most likely case is sone middle ground- lower interest payments and/or a phase in of payment amounts.

Trump wins next election in a landslide if Biden resumes payments right before this recession. He will be viewed as the Democrat GWB especially after bailing out Silicon Valley tech and NYC crypto.

Also if the Supreme Court rescinds his formal student loan forgiveness program, this is a back door to give borrowers even more…i agree the longer this goes on the less likely it will be that payments ever resume. Republicans will be mad but they weren’t voting for Biden anyway.

Correct. It's pretty apparent Biden was hoping to wipe out student loan balances for the most low-income and at risk of default debtors. Then he could start repayment on the "rich doctors and lawyers" to be done with it. That lawsuit really put Biden in a bind where he could make a catastrophically bad decision.

I'm pretty perplexed by the assumption that borrowers are going to blame Biden for any of this. It's going to be very easy for him to point to the GOP controlled court, the GOP state plaintiffs, and the GOP legislators cheerleading for it. Biden will be able to say he tried his best to get the loans forgiven, and now the only way to get it done is to elect more Democrats.

You are making a huge assumption that borrowers entering repayment will not blame Biden for their monthly bills. Repayment is totally separate from forgiveness and everyone knows it's completely optional for Biden to restart student loan payments. Of course he will get the blame for student loan defaults as well as millions of Millennials and GenZ once again having their income constrained.

They aren’t totally separate. If your loans are forgiven, you don’t have any monthly payments. It’s also not completely optional. He was using an emergency authority to delay the payments, and the emergency is now over.

Cool. And where is the

https://www.whitehouse.gov/briefing-room/presidential-actions/2023/02/10/notice-on-the-continuation-of-the-national-emergency-concerning-the-coronavirus-disease-2019-covid-19-pandemic-3/

“I am continuing the national emergency declared in Proclamation 9994 concerning the COVID-19 pandemic. I anticipate terminating the national emergency concerning the COVID-19 pandemic on May 11, 2023.”

So you concede that, legally, it is not over. Thank you for proving my point.

The next extension will be due in August, which is after May.

And in what way does that constitute “case law or statute saying ‘the emergency is now over.’”? Because to me it sure looks like it says it is not over and further, as you point out, it is subject to extension.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They will never restart payments. The wait has been too long. Once people are used to something (in this case not paying) they will never be able to resume it. It’s a political nightmare. Look at all the Central Americans who have had their TPS renewed every two years for more than 25 years based on a hurricane that occurred in the last 90s. And these are actual citizens. Payment resumption will never happen.

From your mouth to Gods ears. If I have to restart the $700/m payment with the inflation that has occurred in the interim I will be flat broke. If I can eke out another 3 years I can make it to PSLF

You should have been paying on them all along. Time for a second job.

I think the break was put in place for a reason- but why in earth wouldn’t borrowers have at least been putting some money aside during this time? Like not the equivalent of the entire payment ($700 in PP’s case) but something g to lessen the blow when payments resumed? Did everyone just think they never would?

I think the political blowback of restart/don’t restart is tough either way, and it’s not like the current administration initiated the freeze. I think the most likely case is sone middle ground- lower interest payments and/or a phase in of payment amounts.

Trump wins next election in a landslide if Biden resumes payments right before this recession. He will be viewed as the Democrat GWB especially after bailing out Silicon Valley tech and NYC crypto.

Also if the Supreme Court rescinds his formal student loan forgiveness program, this is a back door to give borrowers even more…i agree the longer this goes on the less likely it will be that payments ever resume. Republicans will be mad but they weren’t voting for Biden anyway.

Correct. It's pretty apparent Biden was hoping to wipe out student loan balances for the most low-income and at risk of default debtors. Then he could start repayment on the "rich doctors and lawyers" to be done with it. That lawsuit really put Biden in a bind where he could make a catastrophically bad decision.

I'm pretty perplexed by the assumption that borrowers are going to blame Biden for any of this. It's going to be very easy for him to point to the GOP controlled court, the GOP state plaintiffs, and the GOP legislators cheerleading for it. Biden will be able to say he tried his best to get the loans forgiven, and now the only way to get it done is to elect more Democrats.

You are making a huge assumption that borrowers entering repayment will not blame Biden for their monthly bills. Repayment is totally separate from forgiveness and everyone knows it's completely optional for Biden to restart student loan payments. Of course he will get the blame for student loan defaults as well as millions of Millennials and GenZ once again having their income constrained.

They aren’t totally separate. If your loans are forgiven, you don’t have any monthly payments. It’s also not completely optional. He was using an emergency authority to delay the payments, and the emergency is now over.

Cool. And where is the

https://www.whitehouse.gov/briefing-room/presidential-actions/2023/02/10/notice-on-the-continuation-of-the-national-emergency-concerning-the-coronavirus-disease-2019-covid-19-pandemic-3/

“I am continuing the national emergency declared in Proclamation 9994 concerning the COVID-19 pandemic. I anticipate terminating the national emergency concerning the COVID-19 pandemic on May 11, 2023.”

So you concede that, legally, it is not over. Thank you for proving my point.

The next extension will be due in August, which is after May.

And in what way does that constitute “case law or statute saying ‘the emergency is now over.’”? Because to me it sure looks like it says it is not over and further, as you point out, it is subject to extension.

If you can’t understand that August comes after May, then I can’t help you.

[Anonymous]

Why am I paying tuition? I should be maxing out any loan options for my kid in college now. It's such a game changer. Imagine college decisions without cost concerns.

[Anonymous]

Anonymous wrote:Why am I paying tuition? I should be maxing out any loan options for my kid in college now. It's such a game changer. Imagine college decisions without cost concerns.

Go for it if you think it makes sense.

[Anonymous]

Anonymous wrote:Why am I paying tuition? I should be maxing out any loan options for my kid in college now. It's such a game changer. Imagine college decisions without cost concerns.

Why are you paying credit card bills? You should max them out at Versace. Imagine making fashion decisions without cost concerns

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They will never restart payments. The wait has been too long. Once people are used to something (in this case not paying) they will never be able to resume it. It’s a political nightmare. Look at all the Central Americans who have had their TPS renewed every two years for more than 25 years based on a hurricane that occurred in the last 90s. And these are actual citizens. Payment resumption will never happen.

From your mouth to Gods ears. If I have to restart the $700/m payment with the inflation that has occurred in the interim I will be flat broke. If I can eke out another 3 years I can make it to PSLF

You should have been paying on them all along. Time for a second job.

I think the break was put in place for a reason- but why in earth wouldn’t borrowers have at least been putting some money aside during this time? Like not the equivalent of the entire payment ($700 in PP’s case) but something g to lessen the blow when payments resumed? Did everyone just think they never would?

I think the political blowback of restart/don’t restart is tough either way, and it’s not like the current administration initiated the freeze. I think the most likely case is sone middle ground- lower interest payments and/or a phase in of payment amounts.

Trump wins next election in a landslide if Biden resumes payments right before this recession. He will be viewed as the Democrat GWB especially after bailing out Silicon Valley tech and NYC crypto.

Also if the Supreme Court rescinds his formal student loan forgiveness program, this is a back door to give borrowers even more…i agree the longer this goes on the less likely it will be that payments ever resume. Republicans will be mad but they weren’t voting for Biden anyway.

Correct. It's pretty apparent Biden was hoping to wipe out student loan balances for the most low-income and at risk of default debtors. Then he could start repayment on the "rich doctors and lawyers" to be done with it. That lawsuit really put Biden in a bind where he could make a catastrophically bad decision.

I'm pretty perplexed by the assumption that borrowers are going to blame Biden for any of this. It's going to be very easy for him to point to the GOP controlled court, the GOP state plaintiffs, and the GOP legislators cheerleading for it. Biden will be able to say he tried his best to get the loans forgiven, and now the only way to get it done is to elect more Democrats.

You are making a huge assumption that borrowers entering repayment will not blame Biden for their monthly bills. Repayment is totally separate from forgiveness and everyone knows it's completely optional for Biden to restart student loan payments. Of course he will get the blame for student loan defaults as well as millions of Millennials and GenZ once again having their income constrained.

They aren’t totally separate. If your loans are forgiven, you don’t have any monthly payments. It’s also not completely optional. He was using an emergency authority to delay the payments, and the emergency is now over.

Cool. And where is the

https://www.whitehouse.gov/briefing-room/presidential-actions/2023/02/10/notice-on-the-continuation-of-the-national-emergency-concerning-the-coronavirus-disease-2019-covid-19-pandemic-3/

“I am continuing the national emergency declared in Proclamation 9994 concerning the COVID-19 pandemic. I anticipate terminating the national emergency concerning the COVID-19 pandemic on May 11, 2023.”

So you concede that, legally, it is not over. Thank you for proving my point.

The next extension will be due in August, which is after May.

And in what way does that constitute “case law or statute saying ‘the emergency is now over.’”? Because to me it sure looks like it says it is not over and further, as you point out, it is subject to extension.

If you can’t understand that August comes after May, then I can’t help you.

It would appear that you don’t understand both months fall after March, the current moment. Thus my previous use of the present tense, while responding to a claim that the emergency “IS” over.

[Anonymous]

Not totally sure what sone of you are arguing over, but on this website it seems that the earliest payments would restart is august:

https://studentaid.gov/announcements-events/covid-19