How is everyone feeling about this? Among other agencies, the Treasury Department might just be the logical candidate to take on the student loan responsibility, but I still feel like this is a weird move and is just going to make things worse for us. Now, it's just going to be a bunch of stories about inaccurate billing, not being able to reach servicers, or accessing loan forgiveness programs. What are your projections about the future? haha

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I really hope all student loan records are lost

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It's going to be increased defaults and chaos in the student loan system, especially with the end of pandemic-related payment pauses and changes in repayment plans. Overall, my outlook is that this is potentially negative for borrowers. So YAY us!

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Additional Posts in Student Loans

I have a 25K loan from my MBA. I paid off 100k whole, after graduation. 3 years ago, I moved my loan from federal to private ( SOFI) account. I recently lost my job. I have applied for unemployment, as the severance that I received will only cover for 2 months. Together my husband and I used to make less than 250k after tax. Now, with a loss of pay , we are going to make less. Do you think I will be eligible for Loan forgiveness?

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In a perfect world how much would you want to make a year to both pay off your loans and live a good life? I think I'd need to make upwards of $200k to pay off my loans, take care of my family and live a fulfilling life.

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If you could go back in time what would you tell yourself before taking out student loans?

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Damn LIBOR rate up again...

LCSW 50k loan repayment- Has anyone been granted a contract through the National Health Service Corps Loan Repayment Program? I’m interested in applying for the 2 years of full time work as an LCSW but my loans are a bit under 50k so I’m wondering if they would only give me what I need to clear my loans or would I still get 50k as long as I complete my contract ?

Can grad students get $20k forgiven if they got Pell in undergrad but outstaning loans are only for grad school?

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Does having student loans impact your ability to get a mortgage?

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SOFI or who else?

Are you doing what you thought you would be when you took out your student loans? If so, do you feel like taking out your loans was worth it?

likefunny

If you didn't have to pay off any more of your student loans what would you use the money for instead? I'm stuck between something impractical like a trip somewhere or something I need like a new car lol

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Curious to know how much your student loans were when you graduated from your program, how much you’ve paid off so far, and your age. If you have any varying factors too, like kids, income range, etc. Just trying to see if I’m on track or slacking in life. I am 34 yo, i graduated with 95k in student loans, i currently have 85k left and i make 85k in come. I’m also a single mom with two kids. Just praying for 100% student loans forgiveness. Wishful thinking???

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