If the DOE gets abolished, do loans get abolished too? Asking for a friend

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Great question!! Im praying that my Student loans will burn in hell forever!!

likesmart

They would get privatized most likely

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And lost in the process 😈

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Fat chance. Getting rid of the Ed Department is just to keep the goobers entertained and excited. They're not going to give up the chance to collect on the loans, so all that will get transferred to the Treasury Department or some other entity.

Debt strike

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Additional Posts in Student Loans

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

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

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

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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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Has anyone refinanced their student loans on h1b visa? Is common bond the only option?

Not mad that student loans being paused means I can use the money for Christmas. Are you still making payments during the pause? Or are you saving the money for something else. My christmas present to myself is a spa day!

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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

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