What is going on with student loans?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Someone else reported on Reddit today that their account is showing an administrative forebearance from Sept 1 to February 17, 2023 applied to their account. They didn’t request it.

My guess is that it’s a front run of an announcement tomorrow that payment pause and waiver will both be extended into the New Year.

https://www.reddit.com/r/PSLF/comments/wrtvsz/administrative_forbearance_effective_9122_that_i/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

Makes sense.

No forgiveness.

No APR change.

Forbearance til February 2023.

Get your shit together by August 2023.
Your loans are your loans.

From now on, college education only for the elite
Know your place you little rascal. My child of privilege deserves your spot

I know plenty of MC students who got college educations and paid off their loans through hard work. What expressly amuses me is DCUM is filled with white collar workers making $200K HHI, paying for nannies, housing payments of $3000-$5000/month, going on vacations, but ask them to pay for the education they signed up for suddenly it’s I’M POOR

https://www.wsj.com/articles/mike-meru-has-1-million-in-student-loans-how-did-that-happen-1527252975

No, I think you are confusing support and benefit. I support loan forgiveness but I won’t benefit from it. The person in your fantasy scenario making $200k wouldn’t benefit either. High earners won’t get their loans forgiven but support the bills for others.

There are people who are ok with some people receiving a benefit when they personally do not get the benefit. For example, I supported the childcare subsidy during the pandemic because it helped low income families feed their kids during the pandemic. I didn’t receive the money because I could easily feed my family. Sometimes it isn’t about me. I wish conservatives would understand that and stop being so self-obsessed.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Someone else reported on Reddit today that their account is showing an administrative forebearance from Sept 1 to February 17, 2023 applied to their account. They didn’t request it.

My guess is that it’s a front run of an announcement tomorrow that payment pause and waiver will both be extended into the New Year.

https://www.reddit.com/r/PSLF/comments/wrtvsz/administrative_forbearance_effective_9122_that_i/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

Makes sense.

No forgiveness.

No APR change.

Forbearance til February 2023.

Get your shit together by August 2023.
Your loans are your loans.

From now on, college education only for the elite
Know your place you little rascal. My child of privilege deserves your spot

I know plenty of MC students who got college educations and paid off their loans through hard work. What expressly amuses me is DCUM is filled with white collar workers making $200K HHI, paying for nannies, housing payments of $3000-$5000/month, going on vacations, but ask them to pay for the education they signed up for suddenly it’s I’M POOR

https://www.wsj.com/articles/mike-meru-has-1-million-in-student-loans-how-did-that-happen-1527252975

No, I think you are confusing support and benefit. I support loan forgiveness but I won’t benefit from it. The person in your fantasy scenario making $200k wouldn’t benefit either. High earners won’t get their loans forgiven but support the bills for others.

There are people who are ok with some people receiving a benefit when they personally do not get the benefit. For example, I supported the childcare subsidy during the pandemic because it helped low income families feed their kids during the pandemic. I didn’t receive the money because I could easily feed my family. Sometimes it isn’t about me. I wish conservatives would understand that and stop being so self-obsessed.

It is not self-obsession. I think about the truck driver or the waitress or the construction worker who couldn't afford college. They decided to find a job and earn a living so they could pay THEIR bills. Why should we require them to pay for the bills of others?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Someone else reported on Reddit today that their account is showing an administrative forebearance from Sept 1 to February 17, 2023 applied to their account. They didn’t request it.

My guess is that it’s a front run of an announcement tomorrow that payment pause and waiver will both be extended into the New Year.

https://www.reddit.com/r/PSLF/comments/wrtvsz/administrative_forbearance_effective_9122_that_i/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

Makes sense.

No forgiveness.

No APR change.

Forbearance til February 2023.

Get your shit together by August 2023.
Your loans are your loans.

From now on, college education only for the elite
Know your place you little rascal. My child of privilege deserves your spot

I know plenty of MC students who got college educations and paid off their loans through hard work. What expressly amuses me is DCUM is filled with white collar workers making $200K HHI, paying for nannies, housing payments of $3000-$5000/month, going on vacations, but ask them to pay for the education they signed up for suddenly it’s I’M POOR

https://www.wsj.com/articles/mike-meru-has-1-million-in-student-loans-how-did-that-happen-1527252975

No, I think you are confusing support and benefit. I support loan forgiveness but I won’t benefit from it. The person in your fantasy scenario making $200k wouldn’t benefit either. High earners won’t get their loans forgiven but support the bills for others.

There are people who are ok with some people receiving a benefit when they personally do not get the benefit. For example, I supported the childcare subsidy during the pandemic because it helped low income families feed their kids during the pandemic. I didn’t receive the money because I could easily feed my family. Sometimes it isn’t about me. I wish conservatives would understand that and stop being so self-obsessed.

It is not self-obsession. I think about the truck driver or the waitress or the construction worker who couldn't afford college. They decided to find a job and earn a living so they could pay THEIR bills. Why should we require them to pay for the bills of others?

Construction worker, truck driver and waitress most likely does have a college degree, just doing that job in the meantime because cannot find work
Unemployment among the college educated is real

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Someone else reported on Reddit today that their account is showing an administrative forebearance from Sept 1 to February 17, 2023 applied to their account. They didn’t request it.

My guess is that it’s a front run of an announcement tomorrow that payment pause and waiver will both be extended into the New Year.

https://www.reddit.com/r/PSLF/comments/wrtvsz/administrative_forbearance_effective_9122_that_i/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

Makes sense.

No forgiveness.

No APR change.

Forbearance til February 2023.

Get your shit together by August 2023.
Your loans are your loans.

From now on, college education only for the elite
Know your place you little rascal. My child of privilege deserves your spot

I know plenty of MC students who got college educations and paid off their loans through hard work. What expressly amuses me is DCUM is filled with white collar workers making $200K HHI, paying for nannies, housing payments of $3000-$5000/month, going on vacations, but ask them to pay for the education they signed up for suddenly it’s I’M POOR

https://www.wsj.com/articles/mike-meru-has-1-million-in-student-loans-how-did-that-happen-1527252975

No, I think you are confusing support and benefit. I support loan forgiveness but I won’t benefit from it. The person in your fantasy scenario making $200k wouldn’t benefit either. High earners won’t get their loans forgiven but support the bills for others.

There are people who are ok with some people receiving a benefit when they personally do not get the benefit. For example, I supported the childcare subsidy during the pandemic because it helped low income families feed their kids during the pandemic. I didn’t receive the money because I could easily feed my family. Sometimes it isn’t about me. I wish conservatives would understand that and stop being so self-obsessed.

It is not self-obsession. I think about the truck driver or the waitress or the construction worker who couldn't afford college. They decided to find a job and earn a living so they could pay THEIR bills. Why should we require them to pay for the bills of others?

You do not think about the truck driver or waitress (who both may have high-interest loans). You think of you, who either didn’t need loans, worked your way through college 25 years ago when such a thing was possible, or already paid them off so you won’t benefit.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Someone else reported on Reddit today that their account is showing an administrative forebearance from Sept 1 to February 17, 2023 applied to their account. They didn’t request it.

My guess is that it’s a front run of an announcement tomorrow that payment pause and waiver will both be extended into the New Year.

https://www.reddit.com/r/PSLF/comments/wrtvsz/administrative_forbearance_effective_9122_that_i/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

Makes sense.

No forgiveness.

No APR change.

Forbearance til February 2023.

Get your shit together by August 2023.
Your loans are your loans.

From now on, college education only for the elite
Know your place you little rascal. My child of privilege deserves your spot

I know plenty of MC students who got college educations and paid off their loans through hard work. What expressly amuses me is DCUM is filled with white collar workers making $200K HHI, paying for nannies, housing payments of $3000-$5000/month, going on vacations, but ask them to pay for the education they signed up for suddenly it’s I’M POOR

https://www.wsj.com/articles/mike-meru-has-1-million-in-student-loans-how-did-that-happen-1527252975

No, I think you are confusing support and benefit. I support loan forgiveness but I won’t benefit from it. The person in your fantasy scenario making $200k wouldn’t benefit either. High earners won’t get their loans forgiven but support the bills for others.

There are people who are ok with some people receiving a benefit when they personally do not get the benefit. For example, I supported the childcare subsidy during the pandemic because it helped low income families feed their kids during the pandemic. I didn’t receive the money because I could easily feed my family. Sometimes it isn’t about me. I wish conservatives would understand that and stop being so self-obsessed.

It is not self-obsession. I think about the truck driver or the waitress or the construction worker who couldn't afford college. They decided to find a job and earn a living so they could pay THEIR bills. Why should we require them to pay for the bills of others?

The waitress and truck driver also could have taken out student loans. Look there are many things our taxes go to that do not have the full support of the entire population. Many people feel the military industrial complex is given to much money. Others feel the NEA is given too much money. Others feel that corporations get too much money. Part of living in a society is accepting that sometimes the government finds things we don’t necessarily agree with for the good of society.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Someone else reported on Reddit today that their account is showing an administrative forebearance from Sept 1 to February 17, 2023 applied to their account. They didn’t request it.

My guess is that it’s a front run of an announcement tomorrow that payment pause and waiver will both be extended into the New Year.

https://www.reddit.com/r/PSLF/comments/wrtvsz/administrative_forbearance_effective_9122_that_i/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

Makes sense.

No forgiveness.

No APR change.

Forbearance til February 2023.

Get your shit together by August 2023.
Your loans are your loans.

From now on, college education only for the elite
Know your place you little rascal. My child of privilege deserves your spot

I know plenty of MC students who got college educations and paid off their loans through hard work. What expressly amuses me is DCUM is filled with white collar workers making $200K HHI, paying for nannies, housing payments of $3000-$5000/month, going on vacations, but ask them to pay for the education they signed up for suddenly it’s I’M POOR

https://www.wsj.com/articles/mike-meru-has-1-million-in-student-loans-how-did-that-happen-1527252975

No, I think you are confusing support and benefit. I support loan forgiveness but I won’t benefit from it. The person in your fantasy scenario making $200k wouldn’t benefit either. High earners won’t get their loans forgiven but support the bills for others.

There are people who are ok with some people receiving a benefit when they personally do not get the benefit. For example, I supported the childcare subsidy during the pandemic because it helped low income families feed their kids during the pandemic. I didn’t receive the money because I could easily feed my family. Sometimes it isn’t about me. I wish conservatives would understand that and stop being so self-obsessed.

You have no idea whether that’s true or not. And since this administration was giving households earning up to $400K free money - almost certainly a lie.

[Anonymous]

Another member of congress asking President Biden to use his pen. Hmm.

[Anonymous]

[Anonymous]

“Squad” member AOC has not been tweeting about student loans, but Pressley has. She is also encouraging Biden to do an executive order.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Someone else reported on Reddit today that their account is showing an administrative forebearance from Sept 1 to February 17, 2023 applied to their account. They didn’t request it.

My guess is that it’s a front run of an announcement tomorrow that payment pause and waiver will both be extended into the New Year.

https://www.reddit.com/r/PSLF/comments/wrtvsz/administrative_forbearance_effective_9122_that_i/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

Makes sense.

No forgiveness.

No APR change.

Forbearance til February 2023.

Get your shit together by August 2023.
Your loans are your loans.

From now on, college education only for the elite
Know your place you little rascal. My child of privilege deserves your spot

I know plenty of MC students who got college educations and paid off their loans through hard work. What expressly amuses me is DCUM is filled with white collar workers making $200K HHI, paying for nannies, housing payments of $3000-$5000/month, going on vacations, but ask them to pay for the education they signed up for suddenly it’s I’M POOR

https://www.wsj.com/articles/mike-meru-has-1-million-in-student-loans-how-did-that-happen-1527252975

No, I think you are confusing support and benefit. I support loan forgiveness but I won’t benefit from it. The person in your fantasy scenario making $200k wouldn’t benefit either. High earners won’t get their loans forgiven but support the bills for others.

There are people who are ok with some people receiving a benefit when they personally do not get the benefit. For example, I supported the childcare subsidy during the pandemic because it helped low income families feed their kids during the pandemic. I didn’t receive the money because I could easily feed my family. Sometimes it isn’t about me. I wish conservatives would understand that and stop being so self-obsessed.

I'm a high earner and all of my loans are likely to forgiven within the next six months. I didn't ask for this program and don't support it. But of course, people with significant loan balances are almost all high earners.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Someone else reported on Reddit today that their account is showing an administrative forebearance from Sept 1 to February 17, 2023 applied to their account. They didn’t request it.

My guess is that it’s a front run of an announcement tomorrow that payment pause and waiver will both be extended into the New Year.

https://www.reddit.com/r/PSLF/comments/wrtvsz/administrative_forbearance_effective_9122_that_i/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

Makes sense.

No forgiveness.

No APR change.

Forbearance til February 2023.

Get your shit together by August 2023.
Your loans are your loans.

From now on, college education only for the elite
Know your place you little rascal. My child of privilege deserves your spot

I know plenty of MC students who got college educations and paid off their loans through hard work. What expressly amuses me is DCUM is filled with white collar workers making $200K HHI, paying for nannies, housing payments of $3000-$5000/month, going on vacations, but ask them to pay for the education they signed up for suddenly it’s I’M POOR

https://www.wsj.com/articles/mike-meru-has-1-million-in-student-loans-how-did-that-happen-1527252975

No, I think you are confusing support and benefit. I support loan forgiveness but I won’t benefit from it. The person in your fantasy scenario making $200k wouldn’t benefit either. High earners won’t get their loans forgiven but support the bills for others.

There are people who are ok with some people receiving a benefit when they personally do not get the benefit. For example, I supported the childcare subsidy during the pandemic because it helped low income families feed their kids during the pandemic. I didn’t receive the money because I could easily feed my family. Sometimes it isn’t about me. I wish conservatives would understand that and stop being so self-obsessed.

I'm a high earner and all of my loans are likely to forgiven within the next six months. I didn't ask for this program and don't support it. But of course, people with significant loan balances are almost all high earners.

You’re a troll. You’re purposely conflating grad/prof loans vs undergraduate loans. There are over 35 million undergraduate borrowers — nearly all of them are poor to middle class. There are 10 million grad/professional school borrowers — they are poor to affluent and their avg balances are far higher because there’s no cap. Undergrad fed debt is max ~$30k lifetime for traditional students.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Someone else reported on Reddit today that their account is showing an administrative forebearance from Sept 1 to February 17, 2023 applied to their account. They didn’t request it.

My guess is that it’s a front run of an announcement tomorrow that payment pause and waiver will both be extended into the New Year.

https://www.reddit.com/r/PSLF/comments/wrtvsz/administrative_forbearance_effective_9122_that_i/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

Makes sense.

No forgiveness.

No APR change.

Forbearance til February 2023.

Get your shit together by August 2023.
Your loans are your loans.

From now on, college education only for the elite
Know your place you little rascal. My child of privilege deserves your spot

I know plenty of MC students who got college educations and paid off their loans through hard work. What expressly amuses me is DCUM is filled with white collar workers making $200K HHI, paying for nannies, housing payments of $3000-$5000/month, going on vacations, but ask them to pay for the education they signed up for suddenly it’s I’M POOR

https://www.wsj.com/articles/mike-meru-has-1-million-in-student-loans-how-did-that-happen-1527252975

No, I think you are confusing support and benefit. I support loan forgiveness but I won’t benefit from it. The person in your fantasy scenario making $200k wouldn’t benefit either. High earners won’t get their loans forgiven but support the bills for others.

There are people who are ok with some people receiving a benefit when they personally do not get the benefit. For example, I supported the childcare subsidy during the pandemic because it helped low income families feed their kids during the pandemic. I didn’t receive the money because I could easily feed my family. Sometimes it isn’t about me. I wish conservatives would understand that and stop being so self-obsessed.

I'm a high earner and all of my loans are likely to forgiven within the next six months. I didn't ask for this program and don't support it. But of course, people with significant loan balances are almost all high earners.

Hmmm, I’m a high earner with graduate school debt. I’m under zero illusions that mine will be paid off by a Biden forgiveness program.

[Anonymous]

Anonymous wrote:Another member of congress asking President Biden to use his pen. Hmm.

I remember when they were crying about child tax credits and unemployment. He didn’t GAF. One thing I love about Biden - he’s so experienced they can’t browbeat him into anything.

[Anonymous]

Anonymous wrote:“Squad” member AOC has not been tweeting about student loans, but Pressley has. She is also encouraging Biden to do an executive order.

Most of the squad members have student loans. It is not surprising they are pushing this.

[Anonymous]