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Johnny2X2X

(24,440 posts)

29. The repayment changes

Reply to Farmer-Rick (Reply #28)

Wed Aug 24, 2022, 03:14 PM

Aug 2022

The changes to income based repayment basically end the student debt crisis. They're the real win here. Glad people are focusing on the forgiveness, because the repayment changes are the real meat of what this does.

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Biden cancels $10,000 in federal student loan debt for most borrowers [View all] Beachnutt Aug 2022 OP

This cancels over 25% of all student debt Johnny2X2X Aug 2022 #1

up to $20,000 if you had Pell Grants Celerity Aug 2022 #2

I'm going to have to do some digging, but I assume Probatim Aug 2022 #3

Yes, federal direct loans including Parents Plus and Grad. AkFemDem Aug 2022 #4

I took out parents plus. Still owe. But I don't see a reduction. boston bean Aug 2022 #10

No one has had it forgiven yet, it will take until December AkFemDem Aug 2022 #32

The Parent Plus loans were usually high interest, and many refinanced when rates are low Amishman Aug 2022 #16

I sure hope so. n/t OneGrassRoot Aug 2022 #19

Yup, that's how the CON works Farmer-Rick Aug 2022 #25

I hope some accommodation is made for those who re-fi'ed Amishman Aug 2022 #30

What a Democratic thing to do. Chainfire Aug 2022 #5

I am surprised this has so few recs Stinky The Clown Aug 2022 #6

I'm conflicted Shrek Aug 2022 #11

I think you are kind of awesome for this, but as a taxpayer I want you to wipe out Scrivener7 Aug 2022 #14

I doubt The Bopper Aug 2022 #31

heck I got mocked by a voluminous poster on here qazplm135 Aug 2022 #23

Titles like that are misleading, minimizing the forgiven amount chuluma Aug 2022 #7

Great point. live love laugh Aug 2022 #21

It's time those of us who aren't millionaires or billionaires catch a freakin' break, for once... Blue Owl Aug 2022 #8

Will people get a 1099-C now? D_Master81 Aug 2022 #9

It should count as income. Mosby Aug 2022 #20

Agree 100% n/t SickOfTheOnePct Aug 2022 #24

Because it is a con, a scam, a swindle, a rigged system. Farmer-Rick Aug 2022 #26

how can pell grants be forgiven? that part confuses me... samnsara Aug 2022 #12

It doesn't say Pell grants are forgiven SickOfTheOnePct Aug 2022 #15

Pell grants? Are they still around? Farmer-Rick Aug 2022 #27

LOL, the student loan website is crashed Sympthsical Aug 2022 #13

Amazing how little interest this event has generated on DU iemanja Aug 2022 #17

His plan is radical! Johnny2X2X Aug 2022 #18

Great news! Dopers_Greed Aug 2022 #22

That will clear 9 million borrowers Farmer-Rick Aug 2022 #28

The repayment changes Johnny2X2X Aug 2022 #29