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Reply to "Student loan forgiveness given new life"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Exactly. This is just following the terms of the original loan. These people did nothing wrong and aren't deadbeats. [/quote] + 1. I think the Biden team is trying to paint this as a win, when it’s just following the original terms.[/quote] It’s a win for Biden because his administration identified a problem (loan servicing companies not properly tracking repayments when loans are sold off) and fixing it. Of course this problem was only really exposed due to the pandemic. As someone who has been making repayments for 24 years when I called to discuss the end of my repayment per the agreement of my loan, they just threw up their hands and said no I had 10 more years of payments because of missing time from a previous loan servicer. It’s an endless trap because of the incompetency of loan servicers who can’t meet the terms of the loans for the government due to their own internal problems. I’m one person with a full time job who can’t really take on the entire student loan servicing industry but Biden can. Thank you Biden![/quote]
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