How to Finally Get Your Student Loans Forgiven (2024 Updates)
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- čas přidán 21. 04. 2024
- Need a clear path through the maze of student loan forgiveness options? In this video, we provide a comprehensive guide to the most talked-about forgiveness programs, including how recent legal developments might impact your eligibility.
Whether you’re just starting out or have been paying for years, find out how you might finally be able to eliminate your student loan debt.
🔗 Helpful links
• Instantly see how close you are to loan forgiveness with our free tool:
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• Will the IDR account adjustment lawsuit kill loan forgiveness? Watch this video:
• Will The IDR Account A...
• How the Hardship Forgiveness Program really works:
• How Hardship Student L...
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🎥 Credits
• Hosted by Stanley Tate
• Editing by Helena Santin
I am on PSLF and I am 3 months left. 117 out of 120. Hoping things work out for more people.
Congratulations! This is wonderful news.
Great! I have 63 more payments to reach 120.😢
@@valerieevans2036 if you can take your payments divide by 12 and send that much extra in each month. You'll then pay 1 Xtra payment per year and cut years off your loan
🎉🎉🎉
Great information, likely the best student loan forgiveness video I’ve seen. The problem is that the way student loan plans were supposed to work didn’t always work that way for everyone. My IDR payments went up almost $300 per month when I moved to the SAVE plan. Thankfully, I managed to still pay off my $180,000 in student loan debt withOUT forgiveness. Praying the forgiveness helps people.
Yeah, my note under SAVE was quoted as being way too much and I will end up paying the loan off before I would even reach the 5 years that I have left for forgiveness because I have grad school loans 😩
That SAVE plan isn't always the best plan for high earners. Sometimes we have to look at the ICR plan.
If I would have changed to the SAVE plan from the standard plan, my monthly payment would have went up $200+ per month. I have also been avoiding these payments for so long by requesting forbearances. I wish I would have never done that. Now, it’s my goal to get $35k paid in 13 months.
You rock!!
I got a borrower defense approved, it was against Kaplan. The paperwork was a pain in the butt, they make you go into detail for every infraction which in my case was a lot. It took over 3 years to be approved, and another 6-8 months to be processed, but it went through!
Did they forgive all of your loans if you had more, or just Kaplan?
How was the process?
Also I want to give props on your formatting. I love the repetition of using the same headers and layouts for info so I can easily see "this is to compare to that" from earlier. It's really helpful as I sit and take notes.
I wish I could benefit from loan forgiveness. I completed my doctorate in ‘22. I started repaying my loan this year. I also have Parent Plus loans for my daughter. My daughter is enrolled and does not qualify since she's in school. I started the process for myself, then decided not to proceed, especially after reading reviews on the loan agency the government uses for loan consolidation. All of this is not very clear, and I am in my 50s, so I can imagine what young adults and others are experiencing. It shouldn't be this difficult to understand or process. Only in America! 🤦🏽♀️
Do the save plan. You can see the results before you submit. It’s the best when I did mine.
I received forgiveness under PSLF for all of my Direct Loans last year; however, I still have FFEL loans in repayment. Would I qualify for PSLF again if I consolidate my remaining loans today? The remaining loans are on the SAVE plan now. I have been out of undergrad since 2005, so I should have almost 19 years in repayment (including deferment and forbearance). Will the IDR count adjustment serve me best? Some people have told me that I cannot apply for PSLF again. Please advise.
I just want to comment how much I appreciate this content. Your tool along with the videos have helped me to make sense of my options. Honestly there will be a group that these plans will not fit. You must make an informed decision. I appreciate your effort to provide info for us to make an informed decision.
Thank you so much for your kind words! I'm glad the content has been helpful for you.
Quick question: When it comes to the SAVE plan, do they go by the overall total taken out or by each loan itself?
Ty this has been very helpful & informative
Hopefully they will make the government interest subsidy retroactive. Nearly 2/3 of my student loan debt is interest on my original debt. I originally had $44,000 in student loan debt. I attended one semester of graduate school. I have been in repayment for nearly 22 years without missing a required payment although many of my payments were so small that they never covered any interest due to low income. Today I owe $127,000 because of the accumulation of interest. I know going forward the unpaid interest will be waived as long as I make the required payments on time but if they make this interest forgiveness retroactive it would greatly benefit me and I’m sure many others.
Please do a video on student loans IDR and debt to income ratio.
I’m in the save plan 😮 ikr if it’s the right plan 😢
Thanks for the video!
Thanks for this video... I just got my loans forgiven! I thought I was not eligible because I took out $16,000 in student loans not $12,000 but your video was the first time I heard that you can get forgiveness for higher than $12k if you add a year for each thousand dollars. I've been paying since 2007. I'm so happy!
I received the loan forgiveness on my undergrad loans but it seems my grad plus loans aren’t eligible.
Thank you for sharing your knowledge. Since I came across your channel, I've been sharing it with everyone I know. You are truly appreciated, keep up the amazing work!!
I'm confused - when I look at the website, I see that all direct unsubsidized loans are eligible for PSLF. Yet, after completing the submission, I get a notice that my loan is ineligble and so far, I have 0 eligble payments. Which one is right?! Is the website simply outdated? It does say that processing is paused as they update their website.
Loans for 18 years consolidated in 2012 and was put on the standard repayment plan without any notice of IDR although during that time I was on forebearance or deferred months at a time, finally on IDR as of 2019, consolidated because of this 1 time account adjustment and now my expected date of payoff is 2049!!! When it should be 2031- I’m pissed, I listened to you and so many others say consolidate and now I’ve extended my payoff date by 25 years
You’re pissed now because you don’t understand the benefit you’re getting and are freaking out about what you think is your new payoff date. You’ll change your tune once the adjustment is applied.
@@stanleytate that’s what they told me when I called! My loans are extended too, and they told me not to freak out. I’m like I’ve been paying on these loans for close to 20 years. I can’t pay another 20 years. I hope the adjustment really does work.
I’m in the same boat and I actually called the federal student loan people about that and they told me not to freak out because of the adjustment. I’m still waiting on the adjustment because I had to move my loans from Navient just to be eligible for it.
@@JustAGrl007that date doesnt matter they make the adjustment in like july only thing it can lower your credit score becsuse now your loan history starts over
It was all a catch to begin with.. they lost the original copies from the promissory note so legally they can't make you pay for it if you ask for it. Now you consolidate meaning is a new loan.. one they now have your signature for ... got cha bitch!!
In order to qualify for the pslf, you must have completed THE EQUIVALENT OF 120 months of eligible monthly payments. Thats 10 years worth of payments. Any way to pay those faster and still qualify?
Your forbearance or deferments count towards your repayment months so you’ll get their faster.
@@TSBOFRLM thanks thats helpful!
When you consolidate does it increase what you owe?
My student loan provider recommended I hold off paying on the SAVE plan, wait to find out if interest will be cancelled. Is this a good idea?
Thanks for all your information. Can you do a short specifically on loans that were basic, undergrad, commercially held FFEL loans that have been in repaymemt status for 20+years. Consolidate? Apply for federal direct status? Thanks again
You really need to review Dept of Ed site regarding this as you don’t want to miss this opportunity as it closes on April 30. 🙏🏽 20 plus years of undergrad qualifies for total discharge if you meet the parameters on the Ed site. Please check YT for other videos. Please do not wait until the last minute as their site may crash like it did before for PSLF limited waiver. 🙏🏽 Yes, the adjustment happened to me and others.
Aww I'm glad that I did try to save plan. I don't like how they explain a lot of what is done for student loan
So, on the IDF plan you have to wait 25 years?
Should someone apply for borrowers defense if they went to one of these schools that closed down? If approved how could it impact the one time count adjustment other than decreasing the balance owed?
Absolutely! I applied for it over two years ago. Still waiting on a response.
@@bradyhack2428same and I just applied for IDR and SAVE. My husband applied 3/19/24 and his loans were zeroed in 30 days with no PSLF.
I'm still confused. All these forgiveness programs were in effect before Biden. So what exactly is Biden doing differently?
Many of them existed, but not with the same flexibility. And definitely not with the ability to get retroactive credit for time in repayment, forbearance, deferment, and so on.
This is more complicated than I expected!
What if your loans are in collections?
So if your TPD has been approved, you can work and your loans won’t be reinstated? There is no longer an income monitoring period? . Where can this information be verified because I haven’t been able to find it? Thanks
I am confused, receiving credit to pay off the loan to forgive is a form of debt, the word credit may need to be further defined.
How do I know which one to apply for? I feel like I could qualify for more than one? is there one location to apply? Can I apply for more than one? This is so confusing. I appreciate your explanation. I think I could qualify for the one that if I owe borrowed less than 12K and it's been over 10 years. but if that doesn't work then probably the save plan and then if that doesn't work the IBR?
Ok I rewatched this because I am so confused. So the SAVE plan is probably the way to go. . do I need to consolidate first?
Tate!! First off thank you brother if not for your videos I would have applied for PSLF and got a small portion of my debt forgiven instead of everything!! My question, I know they are gonna discharge my loan once this IDR adjustment is over hopefully the they can do it next week lol, why do I have to pay still instead of forbearance?Blessings
You’re welcome! Glad we could help!
Can these new options apply if you submitted a borrower defense (school fraud) and it's still pending?
Can you still apply for the borrower defense plan
Yes. I chatted with someone from ED and they told me I qualified for the IDR waiver and didn’t need to do anything. She did pull up my account to look at the details of my loans. I tried calling but couldn’t get through to anyone but I got through this chat twice.
@@NONAME-ut6vbYes, you can always apply for that, there’s no deadline.
I can't consolidate because there are so many problems with the history of loans. They seem to have had issues with portfolio transfers and have me beginning with 3xs the real original amount. So how do you consolidate when you know the numbers are wrong?
I have my loans in ibr for 10 years now, should I switch to the save plan?
The content here is exceptional. Because everywhere else it seems more complicated
Do you do consultations?
What if i am cuurently in school and received the TPD discharge email??
How does a person benefit from any forgiveness, whether it be 10 or 20 years if their payments are based on income? Just doing the calculations, it looks as if some people would pay off their loans before the forgiveness periods. Am i missing something?
I have a FFELP with Navient and just consolidated back to DoE but didn’t select income driven. I’ve been paying for over 25 years, will that just get wiped out?? You probably said it but I’ve got ADHD too! Help a sista out with the cliffs notes version por favor!
It won’t impact your loan forgiveness. But let’s say you get credit for 23 years of payments, forbearance, deferment. That may leave you 2 years short of the forgiveness finish line. In that case, you’d have to make the remaining payments under an IDR plan to get your loans forgiven.
I have paid off all my student loans and I feel good!!!!
Why are you still here looking? Once I finish paying mine off, I don't want to see another video about student loan forgiveness. 😂
How about if you never finished your degree and you have to pay back loans for getting nothing? Can those be forgiven?
Doubt it. Not finishing is not on them
Rewarding people who do not honor their financial commitments by taxing the people who do is just WRONG
This is Biden's vote buying at its worst.
Can't thank you enough for this video. You're a gift! ❤❤❤❤
You’re welcome!
Thanks to your advice. I consolidated my loans last month and just received an email that my loans have been paid off!
What year did you begin college/university?
WOW very thorough. There's so much. I don't know where to start. It's overwhelming. I feel like it's meant to keep us from trying.
It’s a lot. You just gotta take it one step at a time or hire someone to put you on the right path.
With inflation...and high interest rates....the extra which is appreciated will allow you a chance to buy less, and get less while paying more
Thank you for helping so many Americans
I'm grateful for the opportunity to make a positive impact!
Just out of curiosity, why can’t they lower interest so that everyone is helped?
They need congressional approval to do so.
@@stanleytategot it! Thanks!
Because Congress doesn't care about their constituency
Thank you so much!! I feel less alone - and more hopeful than I have in years.
You are so welcome!
You signed the contract!
does enrollment of the save plan require a hard credit inquiry? or a soft pull. I am trying to buy a house soon and i am torn since the 4/31 is the deadline.. I am not sure how enrollment at the end of this month will show on my credit..
Should help. April 30. There are only 30 days in April
I am on an income based repayment plan. is it part of the save plan?
No. IBR is a type of income driven repayment plan. SAVE is another type of income driven repayment plan. So both IBR and SAVE are income driven plans. But IBR and SAVE aren’t the same thing.
@@stanleytatedo we have to be on the SAVE plan to get student loan forgiveness? I am on the IBR plan, as well. Also, I consolidated my undergrad loans and consolidated my grad loans, separately? Should I now consolidate my undergrad loans with my grad loans?
Thanks Tate! I applied for the Save program like you said. This month I got my student loans forgiven!!!!!
Wonderful! That's awesome for you!
What year did you begin college? Did you also go to graduate school?
After graduated from DeVry back on 2003, no school validated my degree. Back then the only companies hiring DeVry grads were Foot Locker and Sizzlers(no offence to these companies). Hopefully this new borrowers defense plan goes through.
Did you apply for BDR? I applied in 22 and my loans were discharged last year.
@@so.many.obstacleswhat's that?
I just got notified yesterday my balance was cleared. It says credit bureaus will be notified by then end of the month
Congratulations 🎉🎉🎉👍🏾
How can I do that for loans in collections already please
Student loans that is
You should start by looking at your loans to see what kind you have. You can do that on StudentAid.gov. You should also look into the Fresh Start Program or consolidating. You need to get out of default to get your loans forgiven under most porgrams.
@@stanleytate I heard from one of my friends that when they called on a loan that was defaulted, they told him that any student loan that has been defaulted on can never be forgiven. I'm not sure but I guess that makes sense.
Thank you so much for the information. I am currently getting my Master’s in Social Work. I am also working full-time for a PSLF nonprofit. Do I have to wait until I graduate to apply for the PSLF or Save programs?
Best practice is to complete a PSLF certification form ever year. For our clients, we submit the form annually when we recertify income and family size.
Thank you for making this video, I have went from zero understanding to starting to understand how this works. I think that I probably qualify but I'm likely in default again Biggest factor lost job, husband unexpectedly passed on and it's been a struggle. Student loan took our much needed tax money, ( our 25 yr old car was dying) and after that I haven't been able to fight my way back up.
It should automatically be forgiven if you meet the requirements. Where is the data on the ppl that's forgiven. I read it's helping more rich ppl than poor. I don't know anyone who benefited from this.
Where does one go to apply please ?
StudentAid.gov. It's a big site. But all the information is there. We also have tons of videos that go over the different programs. And there are a bunch of free resources scattered across the internet that can help as well.
I just recently graduated this past August with my Bachelor’s. That original 20k plan from Biden would have cleared my undergraduate student loan debt. I haven’t made loan payments for 20 years plus since I just recently graduated. These other plans seem to only benefit those who have been paying their loans some time or have been working in public service for a while.
That's what's frustrating
Yes I've noticed that. It's if you've been paying and still not making progress.
This information is excellent! I am an HR Manager. How do I get in contact with you about an employee workshop? I would love to offer this to our employee population.
Are these programs in danger of being cancelled and then you are stuck with more loans?
Yes and yes. I did it because it make no difference for me. The payment is the same and interest is the same and the pay off date so I just want ahead and did it. So if it doesn’t go through it makes no difference with me.
What about private loan with the u.s. department of education?
I know i can't be the only person who consolidated their loans with an ex. He's now pretty wealthy, so I can't use anything income driven. And one of the conditions of the consolidation was no service forgiveness, so my 23 years of teaching doesn't qualify for anything. Im afraid to even try to reverse the consolidation because im afraid the result will count as a new loan. And I can't get into the website or get any further information because it's under his social security number even though the debt shows up on my credit report and the divorce court over 20 years ago said I was solely responsible for payment. I don't know what to do.
Tax attorney. It's your debt and ss number so it's under your name. Divorce agreements and consolidate are not relevant since they don't apply to federal loans. That is a personal civil matter.
@vikkiflaig4735 sorry, but you just pulled that out of your rear. Consolidation was federal and it's not my ss. I could go on.
I have a way larger payment for gradschool and less than these examples 😂... it sounds like if you make less money these programs are beneficial... definitely tempted to not commute and take a salary and tax cut😅
Im currently in the PSLF program with a little over $6k in direct loans. I worked for the post office for a little over 8 years. Would you recommend I apply for the SAVE program?
Can’t say with seeing your loans. But SAVE and public service forgiveness aren’t the same thing. They both can lead to loan forgiveness but they’re two different programs.
@@stanleytate yeah I know. I might need to just have you look at it. How do I go about doing so?
Is there a plan to help with New Jersey Higher Education loans?
None that I'm aware of. Those are really trick to deal with. We typically end up settling or filing bankruptcy against those.
I’m 62, my school loans are over 25 yrs, in IDR, I’ve inquired several times but not way out for me.
GOD bless you this can be so stressful and honestly I hope you get forgiveness immediately over 25 years and still with loans is ridiculous, I’m 18 years and consolidated which showed it restarted my loan and added an additional 25 years so I’m just praying this count adjusts for all of us and we can be closer to forgiveness or completely done
I understand I moved to asia twenty years ago after I graduated
I was worried that I wouldn't be able to pay my loans off
Add forty five I still have19900.
God willing.I'll be able to pay it off in fourteen months.
If I don't pay it off then I have to reconsolidate the loans.
I signed up for the save plan and hoping that it would help me to at least have time
But honestly I want to pay it off as soon as possible.
not only did i not understand the cost, but it turns out the school was not accredited! how can i get out of this trap??
Can you apply for PSLF if you get a part time job at salvation army?
Must be 30hrs a week on average.
I'm seeing that we will have to pay taxes on the amount of money that is forgiven. So if I have $50k in debt forgiven does that mean I have to pay taxes on $50k
My loans from DeVry were discharged last year and I didn’t pay taxes on it.
Not sure. Kind of like foreclosure. The erasure of debt is income. But it's a one time thing
I borrowed about 10 loans during my undergraduate degree that was under 12k before consolidation. Does this count for the 12k forgiveness?
The save plan wipes out your balance after 1O years if you originally borrowed $12k or less.
@@stanleytate thank you sir for your response. I’m under the save plan and I’ve been paying over 10 years. My loans are still not forgiven. Are they still doing forgiveness for borrowers who borrowed under 12k?
I have been working at a nonprofit for 8 years. In 2019 i took out student loans and now i owe over $10,000. Can i count the 8 years towards the loan,and apply for PSLF even though repayment only started last year?
I originally took out $9k in 2009-10, interest after payments and deferments rose to $12k. I was told I qualify for forgiveness and am still waiting after switching to SAVE…which tripled my monthly payment amount.
You can change you plan if it doesn’t work out for you. It like your regular loans where you can change your plan. If you was on standard you can move it back to standard.
How do I know if my student loans will qualify for BIden's forgiveness plan?? I'm sure there will be some loophole so I won't qualify.
I want a rebate for paying mine off.
Same
Why are there no class action law suits regarding the predatory lending practices of Parent Plus Loans?? I was not even employed when they loaned me thousands of dollars to put my son through school.
I could use a 1 on 1 but @ $200 is too much. $100 I'd do.
Some say it's not enough. They'd pay more.
It is kind of sad that I can understand more from You Tube than the organizations that are supposed to help me as a student, understand.
Worked at a nonprofit for 22yrs....get my second degree to get a better paying job or move up in the company. Was fired 3 months later and became unemployed for the past 3 yrs
Sorry to hear . Vote in November.
Hi l have parent plus lisns and one for undergrad. I started to paid since l believe 2010 l worker as. Register Nurse for nearly 20 years in the Veterans Administration in the states. MOne of my son's join the army amd they made him paid 20 grant since the loans where borrowed from the government. Dally Mae ne er deducted that amount of the loans. I questioned them and they told ny son and myself that he borrowed which he was 18 years old. I have retired and l am in the IDP which l consolation to Great Lakes which now was sold to Nelnet. How can l get forgiveness for the amont of $202 plus when l am 71 years old. When l have ti many debts is it possible?. I could never afford to paid it off unless l died. Please belp me understand this situation. Thank you
Thanks for leaving a comment. It's really hard to understand your situation as written. I'd have to look at the loans to know what your options are today. You can book a call with us for 1:1 help, or you can check out our articles on our website.
@@stanleytate good morning can you send me your phone number to called you thanks
Please find a way to help a our student American citizen that can not pay the crazy loan that took them
When they didn’t know the consecuenses
It's really crazy how much it costs to attend college - it's criminal. Let's brake it down - teacher's pay and what else? Why is public school free for 12 years but then all of a sudden, we have to pay thousands of dollars for this other schooling?
God sent me!!
I applied for 6mos to year. I just received by discharge letter Tpslf in April 2024. Praise the Lord Jesus! 1:21
The best way to handle student loan forgiveness, is to be a responsible adult, and pay it back.
I agree with you: people should pay their loans. I've also met plenty of "responsible adults" who can't "out-responsible" bad policies and terrible customer service that tacked on tens of thousands of interest to their balances, making it nearly impossible to pay the loans back. We need a better system. Forgiveness isn't a perfect solution. But it's a start at reconciling with the hell we've brought.
@@stanleytate i hear you, but tacking on thousands of interest also comes in hand with not making payments, or making minimal payments. When it comes to something as big as student loans, they already know interest is going to be involved on a large amount. It's up to them to put everything they have towards paying that off asap, and minimalizing interest.
Especially within the last 3 years there's been plenty of stimulus checks, a few years of forbearance with no penalties or interest, ect.
@stanleytate how did bad customer service tack on thousands?
You're right there were several ways to make it work. Or pay something anything. To me it's the same as cheating on an exam. Do the work. Take the test. You're actions determine your future
I’m on Nelnet with over $22K in debt left. Do I need to do anything to prepare myself for Biden Student Loan Forgiveness?
The only step you need to do is pay it off.
My school closed. Applied to student loan forgiveness. My $35k loan was didcharged!!
Congrats!
It’s not just non profit…please be clear for when discussing qualified employment for PSLF.
I owe weigh more in interest than the loans I took out. I’m in default and could give a s:;!t at this point. Haven’t got a Federal tax return in 30 years and taking my return paid off these loans several times over. 🤬
30+ years, and you haven't paid it off? LMAO. That sounds fake. If not, that's over three decades, ( while student loans back then weren't that expensive ) of tax returns, stimulus packages, a 3-year forbearance with zero interest, ext. That means you're either making it up, you never made a payment, or were making bare minimal payments and stopped.
They paid all mines off! Whew who! 60k
Congratulations!
I dropped out of college because I ran out of money and was afraid of the burden of student loans. I suppose I should have taken them anyway because some of the $30k I paid in taxes last month paid for yours.
Good! Thank you for paying for my loans! 😂 we all have things we disagree about government spending! For example the high cost of foreign aid to Ukraine and Israel! Oh and high military spending! But guess what? Nothing we can do!! 😂
@@user-tm5em4vu7u Our overspending on crap like that is about to have us spending more on the interest for our national debt than we spend on the military. We don't have the money to buy votes.
Has anyone who’s had loans under 20 years and NOT in public service actually seen their loans forgiving? I have had my loans in repayment since 2006 (18 years) and have yet to hear anyone having their loans forgiven under 20 years and working in the public sector /non-profit.
Yes. Through SAVE plan forgiveness. But that only works if you borrowed less than $21k.
Means of course I qualify for nothing.
I have 19900.
I only signed up for the safe program.So I could reconsolidate my loans.So I have a little more time to pay them off.
They wanted my money in fourteen months.
I said if I didn't pay it all off.I'd have to refinance my loans
What I don't Understand is how in 2004.My loans were consolidated before I left school.
Gal , my most recent loan agency is telling me that they were never consolidated.
I've been on.
The income driven repayment program 7 years I think
Nobody will tell me anything.
I think I understand why people run away from their loans
Not like I want to , but i'm starting to lose patience
It's been twenty years since I graduated
It's not forgiveness of debt it's reassigning of debt. If your degree doesn't provide the value for you to pay it off it certainly does not for taxpayers to pay it off.
This is disgusting. Pay your debts people.
Or get the colleges to give the money back.
Good point
Don't have to worry about student loan forgiveness if you pay your own damn loans like i have what a POS this administration is i worked a full time job took a full load i didn't beg anyone for help went to Vietnam risk my life for this s_it show what a shame FJB
Oh please. Boo hoo You signed a paper . Then covid hit. Trauma of debt. Grow the heck up. It's unconstitutional to force your debt onto others. How about getting credit to pay off debt by working in underserved area of country...or some other incentivse OR LOWER TUITION PRICES I have old and new student loan debt and I don't want anyone footing the bill for me. The diploma is in my name. My debt. Have some pride and make the effort.
Illegal immigrants is allowed to have all kind of money but we can’t get our loans forgiven.
Do you know the difference between “is” and “are?” When it’s plural the correct word is “are.” Basic elementary level English. If you don’t even know those simple words, then you shouldn’t not even have graduated middle school. Let alone attend college. 😂
Will laws change if Trump gets elected?
Yup, so take advantage!
@@MatiasHasCandy well, I hope Biden wins again. At least he’s trying to do something for student loan borrowers. Trump is pro for profit colleges and takes a huge amount of money from their lobby groups.
You signed up for that and there are consequences. Practice being an adult!
Many signed up barely at 18! Learn the scam of America before you open your fly trap! You have no influence!! We don’t like opinions from idiots
@@mellochello77being the age of 18 isn't an excuse for being financially lazy, or dumb. The only scam are the people borrowing money, and not paying it back. You want to call the financially responsible people idiots, you're going to get the opinion either way.
The cost of tuition is a scam. Then have to take out loans to afford to pay back government who allowed tuition to go this high to begin with... I'm sure there are situations out there where it's right and makes sense , but a broad sweep of 7B for thoseb who make up to 250K ...uummm NO
@@vikkiflaig4735 the cost isn't a scam. It can be high for major universities. However, people can try to get scholarships, and involved in programs that act like scholarships to help pay for tuition. There's lots of companies out there that will pay for tuition if you work for them while in school. Again, if people sign up for a loan, they know how much they're getting into. That's on them.
@@vikkiflaig4735 the cost isn't a scam. It can be a high cost for major universities, and depending on the major. People DON'T HAVE TO sign up for a high cost tuition loan. There's other ways around it like: applying for scholarships, programs that are similar to scholarships, even companies that will pay for tuition if you work for them.
I paid my student loan off years ago. How is this fair? Pay your own loan off. You signed the loan documents and you are responsible. Why do taxpayers have to pay off your mistakes?
Yep, exactly. You borrow, you pay it back. With interest. It's explained to them when they borrow the money, and before they sign the paperwork. I don't care what the excuses are, these are just financially lazy adults who don't want to pay back a large sum of money that they agreed to borrow.
@@atrain132crazy thing is that can make up to 250,000 a year and get forgiveness. Yikes. Transfer of wealth. This hurts the poorest among us
How is it fair that the government send trillions of taxpayers money to foreign governments? Life's not fair and student loans are incredibly predatory since they target teens who are often pushed by school staff and family to go to college, and unlike most loans, you can't even file bankruptcy and wipe off your records thanks to young Biden. Not to mention that most colleges lie about job opportunities, companies have banned together to use degrees as a way to gatekeep jobs that shouldn't need degrees, and once you graduate you find out most fields are saturated with degree holders so companies require experience but you can't gain it if Noone will hire you.
Agreed
As if your politicians play it straight.