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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I wonder why the Biden administration doesn’t promote the military’s student-loan forgiveness program.  The armed services are reporting difficulty meeting their recruitment goals.  Seems those who made the decision to spend tens of thousands of dollars on their education should be required to serve their country for four to six years rather than expecting taxpayers to take care of the loans they don’t want to repay.

None of this debt is “cancelled.”  It remains alive and well in the national debt, paid for by taxpayers.  Thanks, Biden.  [/quote]

+100
Exactly this.[/quote]

At 53 you want me to enlist? I don’t have an issue with this but I’m pretty sure the military doesn’t want me.[/quote]

I think [b]we should allow people to discharge their student loan debt after, say, 25 years.[/b] Your credit will take a hit, but you'll get forgiveness.[/quote]

The current student loan laws allow this! 20 years for undergrad repayment and 25 years for graduate school repayment.

These are literally the people being forgiven by Biden in the recent actions. These are people who should have been forgiven years ago, but the Dept of Education and the loan servicers botched the job. [/quote]

No.[/quote]

No what?

That's exactly who benefitted from the most recent presidential action on student loans: 
https://www.whitehouse.gov/briefing-room/statements-releases/2024/04/12/president-joe-biden-announces-7-4-billion-in-student-debt-cancellation-for-277000-more-americans-pursuing-every-path-available-to-cancel-student-debt/

The references to "borrowers in Income-Driven Repayment Plans" is a condition for those getting forgiveness after 20 years/25 years of repayments. The Standard Repayment Plan pays off your loan in 10 years via straight line amortization. The only way to make payments for over 20+ years is to be on an IDR plan or new SAVE plan. [/quote]

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