Trump administration pauses student loan forgiveness with no explanation. Here's what it means

[Yo_Mama_Been_Loggin]

👆Two human shit stains👆

The Trump administration and the Department of Education have quietly announced the pausing of a student loan forgiveness program under a specific repayment plan, without explanation.

Income-Based Repayment plans are one of four repayment options offered by the federal government that are calculated by how much a borrower earns.

“Currently, IBR forgiveness is paused while our systems are updated,” the department announced earlier this month, per Forbes. “IBR forgiveness will resume once those updates are completed.”

The department did not offer a specific timeline for when such updates would be completed.

https://www.msn.com/en-us/money/personalfinance/trump-administration-pauses-student-loan-forgiveness-with-no-explanation-here-s-what-it-means/ar-AA1J5MuO

Why? Because they can.

[Passages]

1. Every day is like a new round of hell for another group of Americans.

[CentralMass]

2. So many ways to inflict pain and so little time.

[EdmondDantes_]

3. I'm so glad my loans were forgiven for working for a nonprofit under the Biden administration

I was denied under the Trump administration because some payments were made under a different plan that I paid more for than when I consolidated under the right plan.

Forgiveness alone isn't the solution to the cost of college, but neither is doing nothing.

[SickOfTheOnePct]

5. The cost of college needs to be addressed, IMO

And while I do support a mechanism to assist people with college, I'm not sure I see the point of making huge loans to students, many of whom obviously don't fully understand the long-term ramifications of said loans, when based on many majors/degrees there is little to no chance that they'll ever make enough to pay them back.

[milestogo]

4. Maybe someone will 'accidentally' delete all the data.

[Ping Tung]

6. The EAT YOUR PEAS style of stimulatiing brains has replaced literature and math books.

[lostincalifornia]

7. What did you think would happen if trump was elected again? Is any of what is occurring a surprise to anybody?