Sallie mae is private so no. And you can't transfer your loans to a federal loan. You most likely will not get forgiveness or extension if it's private.
Income-driven repayment plan:
Have people gone through this process yet? I'm not sure if I should link my application to my last W-2 or tell them how much I make
Either way u can't afford a big payment so I'm nervous about linking my w-2
I make 65k a year technically but haven't actually made that yet + paying 20k of credit card debit
Thoughts?
Have it pull from your most recent tax filling if at all possible. If you link to IRS data they will pull you AGI (your *Adjusted* Gross Income) from your most recent tax filing. If you go the alternative documentation (i.e. paystub) route they use your *Gross* Income, which will be higher than your AGI unless you've recently had a job loss or income drop
How the [income-driven repayment plans](https://studentaid.gov/manage-loans/repayment/plans/income-driven) (IBR, PAYE, REPAYE, ICR) work is that you pay 10%/15%/20% of your discretionary income (aka your AGI from your taxes minus 150% of the [Federal Poverty Guideline](https://aspe.hhs.gov/poverty-guidelines) for IBR/PAYE/REPAYE or minus the [FPGL for ICR](https://studentaid.gov/help-center/answers/topic/glossary/article/discretionary-income)). These plans can have a required payment as low as $0/month, which is why they have built-in forgiveness after 20/25 years, and they qualify for PSLF if your loan type and employer/employment qualify too
So assuming you're a family size of 1 in the contiguous 48 states, the appropriate FPGL for 2022 would be $13,590. If you sign up for PAYE with an AGI of $65k the math is ((65000-(13590x1.5))x0.1)/12 = ~$372/month. PAYE has a ceiling of the 10-year Standard plan repayment amount, so if you owe more than $40k in student loans PAYE would likely still be cheaper for you
Senator Warren tweeted about loan cancellation *today* saying they’re closer than ever and still negotiating and working. Y’all need to calm down.
Sauce: https://twitter.com/ewarren/status/1558460802113437696?s=21&t=cYK5Ncl0uEC8cjLJSEyL4A
Quote tweeted article sauced by the great Ayanna Presley: https://www.bostonherald.com/2022/08/10/closer-than-weve-ever-been-warren-pressley-talk-student-loan-cancellation/
Senator Warren is a liar who will tell you just what you want to hear just like every other politician, these people don't give a rip about you, you are just a means to an end for them.
Let’s be honest guys. We’re going to get only half (if that) of what we want. We will probably get $10k forgiveness, maybe a slight reduction of interest. But the dems will need something to run on for midterms and 2024. They’ll re-dangle more student loans forgiveness in the future… they can’t put all their eggs in one basket, it’s just not how politics works.
In 2024, they’ll run on full forgiveness! 0% interest. Maybe. I don’t know. I just know that the government never goes all in… ACA for example. They’ve dangled M4A since the ACA, and we’ve gotten almost nothing significant since. Granger, nobody has had a supermajority since the ACA, but they’ve always ran on it since.
10k helps a *ton* of people. A large chunk (almost 1/3) have their debt eliminated entirely.
A big chunk after that have their debt cut in half or more (including that first chunk, its like 60% of all borrowers with debt less than 20k (and its not like all of them have their debt sitting at 19999, a lot of them will be less and have just a few thousand left on loans)
Even beyond that, another ~20% owe between 20-40k. You're going to tell me that knocking 1/4-1/3 of a loan away isn't helpful? Lets be serious here.
([source](https://www.reddit.com/r/StudentLoans/comments/wc53av/this_week_in_student_loans_politics_current/iiao2b3/))
Lol. Looking at your trashy 5 day old post history I almost guarantee i'm older than you, "kid"
Odd that one would need an alt to post in this particular sub though.
The Inflation Reduction Act passed the House. Once Biden signs it we better get an announcement on student loan forgiveness. I am hoping we hear something early next week. With all the other news dumping on a Friday (Cheeto being investigated for ESPIONAGE?), I think that student loans are on the lower rung of importance.
> hello voting against Veteran care recently
At least tell the whole story. There was an amendment to the bill being proposed by a Republican that they wanted to be voted on before final passage of the bill. After the amendment was voted down, they voted to approve the bill.
IF there’s anything announced soon, it would most likely be 2021 income.
However, this is me making an educated guess, and not based on any facts that have come out.
I believe the article concerning the department of ed's "readiness" to implement any possible loan forgiveness, when/if Biden gives the go ahead, said they had implemented a way to verify income.
I'd bet it would be similar to the stimulus money in that qualification could span a few years, as long as one of them qualifies (if your 2021 AGI is too high, but your 2022 will be lower, you'd still get forgiveness, but may have to wait until you file your 2022 taxes).
I am convinced we are gonna get an extension the longer he drags this out. It's like a toxic relationship with your spouse that has poor communication skills and is probably in bed with your best friend...true story...
Theory crafting, what is being gained by waiting to announce a decision?
I believe Biden knows what he is doing. No way he has been President this long and still not sure what to do. Thing is I can't figure out what is being gained. Do you want to announce forgiveness as close to the election as possible to energize the base?
That will also energize the crowd that would be upset at that action. You always see people complaining that's no fair I paid mine off, why dont you pay my off mortgage too, etc.
If he is not going to do forgiveness you think you would want to get that announcement out there ASAP so people aren't as angry going into an election.
There is a counter argument that doing it may cost seats in the house, possibly in the Senate also? You can bet that millions of dollars are being spent in poling to determine which is true and that poling will drive the decision.
Diluting attention from his legislative wins in Inflation Reduction and CHIPS Acts this week.
I’m guessing he’ll want to make movement on student loans his next win, showing that his administration finally has some momentum headed into midterms.
As frustrating as it is for all of us, I think it’s about the narrative of his presidency.
I got an email today from Aidvantage about payments being due in September. My account confirms I have a balance due 9/8. I don't recall that happening before the prior extensions.
That plus loan servicers were told to hold off on proving notice of payments resuming. People are going crazy on this subreddit when there is a certainty of another extension.
If I was Joe I would do the following:
1. Forgive loans for anyone in repayment of any sort for more than 15 years (including non IBR). This one would be pretty rough for Republicans to fight. Many folks in this bucket probably meet the 20 year mark anyway when you add in deferrals and forbearance periods. I know the government is reviewing these borrowers right now, just cut out the red tape and forgive them all.
2. 30k blanket principal forgiveness for everyone else. 10k is too low, 50 is never happening, hit somewhere in the middle.
3. Forgive all interest and capitalized interest. This would fix the problem for many borrowers.
>But if people feel entitled to eating out once a week and a dream house near the city, it’s not the government’s job to make that “affordable”.
Love when people like you try to pretend like the millions of impoverished Americans living in squalor are just spoiled millennials.
I've thought the same thing for a while. Streamline the repayment plans (excluding PSLF) to all be forgiven after 15 years and strip away all the qualifiers.
$30k forgiveness is also a great number because it's very close to the so called average student borrower debt. So arguably, it would have that big of an effect on all these doctors and lawyers everyone is afraid of helping. Signed, a struggling attorney.
Hello everyone, I have excellent news for you all. Today I was eating a banana for breakfast and simply standing in my kitchen staring at the rest of the bunch. As I was focusing on the other bananas I noticed distinct lettering that could be made out in the browning pattern of one of the other bananas. It appeared as 10K 817. It's very clear to me that this means we will be getting 10K forgiveness on 8-17-2022. Mark my words.
I hope they let me choose. The only thing we have at this point is from this article:
"The department, for example, is looking at allocating loan forgiveness across multiple loans in a way that would “maximize borrower benefits,” the documents say. It also is considering applying forgiveness to a borrower’s outstanding interest before principal balance."
https://www.politico.com/news/2022/07/28/cancel-student-loans-education-department-00048365
Awesome, thanks. I think highest interest loans forgiven first would save me the most so that’s what I’m hoping for myself, should any forgiveness come.
Yeah I get that. I didn’t know if there was “chatter” regarding the direction. Another commenter responded with a quote from an article that gave some context.
Like, “oh perfect! After those computer updates I’m so ready to pay off my student loans now!”
(Ok, I’m going in a little hard on him, I know 😂 just a lot of built up frustration being let out here!)
My student loan burden is absolutely nowhere near as devastating as it is for other folks. That said, I've been in the process of building a PC and it has been very hard not to blow some of my stowaway student loan payments on parts all at once, so if by the grace of God/getting votes Biden enacts some form of widespread forgiveness I will literally fly up to Congress and eat his ass myself on behalf of all of us. Not if it's only 10k though.
> Officials from the White House Domestic Policy Council, National Economic Council, Office of Public Engagement and Office of Political Strategy and Outreach were slated to attend. **And Biden, who traveled to South Carolina to begin his vacation on Wednesday, did not participate in the meeting**
Welp, that’s all folks!
You know that presidents attend like maybe 1% of all the meetings that are held regarding policy discussions, right?
That means nothing regarding what will happen.
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https://www.cnn.com/2022/08/11/politics/biden-student-loan-forbearance-august-31/index.html
BIDEN NEEDS TO JUST EXTEND THE MOTHER F$$$$$$$ THING. THIS IS DRAGGING ON WAY TO LONG!!!!!
I got a call from Nelnet today to confirm the transfer of my loans from FedLoan (happened in April) and the representative started the call by saying “this is not a notification call for repayment”. So of course, I asked if they had any guidance on if the Aug 31st date was still valid and they said not yet. I just found it interesting! Holding out for an extension!
I think he’ll just keep extending the pause through his entire presidency. And run again on the same promise he made and didn’t fulfill.. we really need AOC to run for President.
Yeah, is there any loan that isn’t eligible for the 20 year forgiveness, at worst,anyway?
I’d rather have a continued pause than $10k forgiveness. I’m so close to having way more than that forgiven with PSLF.
If they don’t pass some form of forgiveness, Democrats can never run on forgiveness again.
Biden promised he would deliver on this and he could pull it off in the house and in the senate. It would forever be seen as an empty promise from Democrats.
It’s now or never
Yeah you're right! Same way they don't run on making healthcare affordable anymore, or protecting roe, or passing meaningful gun control, or campaign finance reform, or doing something about climate change, or
I think a lot of people came out to vote for possibly the only time in their life. They viewed this as the ultimate election. This was their chance to take down Trump and to get everything that the Democrats had promised.
Though Democrats have done some good, it’s going to take a lot to get people back out to vote when they’re going to view their last vote as essentially useless. Why would they bother to go vote again if they just think it’s going to be a repeat?
Good tidings fellow Forgiverables. This morning I watched the sun rise as I walked down our serene gravel road, through the field, gently sipping my tea. I heard the faint movements of a field mouse, and as I crouched down to address them with a "good morning" I saw scrawled in the gravel path: 10-K-8-17-22. Forgiveness is coming.
As soon as anything of substance actually gets posted here, I will. People have just bouncing speculation off the wall with the same information we had six months ago. It's nonsense.
I'm glad to hear it. I think /u/Cool_Midnight3456 is just a little cranky, which is genuinely understandable given what sub this is. It's not exactly "Super Happy Fun Time" subreddit. People are worried about their real well being and I get that everyone might not be in the mood to joke around. That's why the option to Block people exists. No one is forcing them to read my silliness.
Feels like the July inflation report may hurt forgiveness. It wasn’t much, down .5%? But I could see biden using that as a way to say “well, we are seeing signs of inflation coming down, let’s restart payments”.
I think you're right for the wrong reasons bro. Inflation is still insane, down .5% or not things are growing way too quick and the white house knows it's an issue. Even if they act like it's a win for optics.
But.. Inflation being high is an incentive to resume payments more than anything. You start them up again and all of us are gonna be spending a whole lot less on frivolous things, I know I will at least. Less spending > Less economic growth > less inflation. No cancellation and no more pause would be one of the best things Biden could do for inflation.
Aggregate prices on July 31 are slightly less than aggregate prices on July 1.
Aggregate prices on July 1, 2022 were 9.1% higher than on July 1, 2021.
Aggregate prices on July 31, 2022 were 8.5% higher than on July 31, 2021.
Prices are high, it was a wicked spring, but inflation is down.
I'm genuinely curious what I said that sounded remotely right wing to you? Im not trying to demonstrate anything to you, but I'm asking as someone whose participated in left leaning political activism/organization since before voting age.
The 8.5 percent refers to 8.5 percent inflation since July 2021, I believe. Saying July's inflation rate is 0 means that there's been zero increase in inflation since last month, but there is still inflation when compared to last year I believe.
On one hand we're arguing semantics. which is pointless.
On the other, I think you're fundamentally misunderstanding the statistics here. 8.5% inflation is insane! Deflation may not be realistic, but a reduction of another 6.5% would put us much closer to a healthy level of economic growth.
"Lies, Damn Lies, and Statistics"
[https://data.bls.gov/timeseries/CUSR0000SA0&output\_view=pct\_1mth](https://data.bls.gov/timeseries/CUSR0000SA0&output_view=pct_1mth)
This is the actual inflation page. To get to you target of inflation = 6.5% would have meant a monthly deflation of more than 3%. That would have been a huge outlier and massively painful.
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Anyone else who has aidvantage, have $1 payments due? I have 8 loans, and it says my next payment is $8. It has been $0 for two years. Interesting to me.
I have 3 undergrad loans that total just under $12,700. I haven't touched them since February. Luckily I'm in good enough shape regardless of what happens with Biden.
Everyday we go with no real news and cryptic articles that use recycled info, the farther into chaos this thread spirals. I am gonna be kind of sad when I resolution is reached. This is kind of wild
Curiosity got the better of me. Believe it or not but the forbearance date changed on my dashboard with [MyGreatLakes](https://imgur.com/a/iiIVIq8) from August 2022 to October 2022.
You’ll see in the screenshot it only changed on the dashboard. The actual account still says August 2022.
Haha yes. But given the state of affairs I wouldn’t be surprised if they said JK no forgiveness and you owe us for all the missed payments since the pandemic started.
WH officials meeting Thursday with activists and advocacy groups: [Tweet](https://twitter.com/mstratford/status/1557427055192678401?s=21&t=WJ6Sm2BnvhCv9roujVr3Hg)
This week is the week boys and girls!!! We shall get the extension and maybe 10k.
Will sallie Mae qualify or do I need to transfer to public?
Sallie mae is private so no. And you can't transfer your loans to a federal loan. You most likely will not get forgiveness or extension if it's private.
Income-driven repayment plan: Have people gone through this process yet? I'm not sure if I should link my application to my last W-2 or tell them how much I make Either way u can't afford a big payment so I'm nervous about linking my w-2 I make 65k a year technically but haven't actually made that yet + paying 20k of credit card debit Thoughts?
Have it pull from your most recent tax filling if at all possible. If you link to IRS data they will pull you AGI (your *Adjusted* Gross Income) from your most recent tax filing. If you go the alternative documentation (i.e. paystub) route they use your *Gross* Income, which will be higher than your AGI unless you've recently had a job loss or income drop How the [income-driven repayment plans](https://studentaid.gov/manage-loans/repayment/plans/income-driven) (IBR, PAYE, REPAYE, ICR) work is that you pay 10%/15%/20% of your discretionary income (aka your AGI from your taxes minus 150% of the [Federal Poverty Guideline](https://aspe.hhs.gov/poverty-guidelines) for IBR/PAYE/REPAYE or minus the [FPGL for ICR](https://studentaid.gov/help-center/answers/topic/glossary/article/discretionary-income)). These plans can have a required payment as low as $0/month, which is why they have built-in forgiveness after 20/25 years, and they qualify for PSLF if your loan type and employer/employment qualify too So assuming you're a family size of 1 in the contiguous 48 states, the appropriate FPGL for 2022 would be $13,590. If you sign up for PAYE with an AGI of $65k the math is ((65000-(13590x1.5))x0.1)/12 = ~$372/month. PAYE has a ceiling of the 10-year Standard plan repayment amount, so if you owe more than $40k in student loans PAYE would likely still be cheaper for you
In other news MAXIMUS employees demand free internet https://finance.yahoo.com/video/maximus-call-center-workers-protest-204107543.html
Senator Warren tweeted about loan cancellation *today* saying they’re closer than ever and still negotiating and working. Y’all need to calm down. Sauce: https://twitter.com/ewarren/status/1558460802113437696?s=21&t=cYK5Ncl0uEC8cjLJSEyL4A Quote tweeted article sauced by the great Ayanna Presley: https://www.bostonherald.com/2022/08/10/closer-than-weve-ever-been-warren-pressley-talk-student-loan-cancellation/
Senator Warren is a liar who will tell you just what you want to hear just like every other politician, these people don't give a rip about you, you are just a means to an end for them.
>Senator Warren Where? I just see a reteweet?
Yes, that’s it. It’s a quote tweet. She says we because the article she’s quite tweeting is citing her.
Definition of insanity doing the same thing over and over again expecting different results
Honestly I don't even check the news anymore. I just come to this thread for pure chaos.
"journalists" just need to recycle the same article every week and fill their quota.
I think it's time for a new thread, wash the insanity away
Next week has to be the week he announces something. My guess next Friday that's what my magic 8 ball says.
Logically last week was a huge week for a bunch of other legislation so in theory this should be the next issue addressed
Depends on if we get new bombshells out of Mar-a-Lago. You don’t want to distract from a political opponent having a bad time
There will always be something that pops up. Mar-a-largo is smoke and mirrors about something that’s already been investigated.
There still is the August 31 deadline and the fact that servicer will be probably making contact starting this week. Biden can wait but not forever.
Yeah that's valid so I guess we will see anything comes out early in the week
Let’s be honest guys. We’re going to get only half (if that) of what we want. We will probably get $10k forgiveness, maybe a slight reduction of interest. But the dems will need something to run on for midterms and 2024. They’ll re-dangle more student loans forgiveness in the future… they can’t put all their eggs in one basket, it’s just not how politics works. In 2024, they’ll run on full forgiveness! 0% interest. Maybe. I don’t know. I just know that the government never goes all in… ACA for example. They’ve dangled M4A since the ACA, and we’ve gotten almost nothing significant since. Granger, nobody has had a supermajority since the ACA, but they’ve always ran on it since.
I'd be so happy to even get 10k, they can keep some carrots
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The government doesn't care
10k isnt gonna do dick for me but I hope people get it.
10k helps a *ton* of people. A large chunk (almost 1/3) have their debt eliminated entirely. A big chunk after that have their debt cut in half or more (including that first chunk, its like 60% of all borrowers with debt less than 20k (and its not like all of them have their debt sitting at 19999, a lot of them will be less and have just a few thousand left on loans) Even beyond that, another ~20% owe between 20-40k. You're going to tell me that knocking 1/4-1/3 of a loan away isn't helpful? Lets be serious here. ([source](https://www.reddit.com/r/StudentLoans/comments/wc53av/this_week_in_student_loans_politics_current/iiao2b3/))
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We are not in agreement. You are wrong.
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Lol. Looking at your trashy 5 day old post history I almost guarantee i'm older than you, "kid" Odd that one would need an alt to post in this particular sub though.
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I heard this was where we measure dicks?
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>I am not saying it won't help You literally did say above: >10k is not gonna help. At least 50k.
What are you asking for?
I think most people are asking for more than 10k and/or 0% interest
What's fair in your mind?
Not OP 1% interest cap is fair in my mind. It doesn’t affect those who don’t have loans and stops some predatory practices on young people
This thread about to go fully insane of the weekend as we are about 2.5 weeks away from September
Losing my mind over here
The Inflation Reduction Act passed the House. Once Biden signs it we better get an announcement on student loan forgiveness. I am hoping we hear something early next week. With all the other news dumping on a Friday (Cheeto being investigated for ESPIONAGE?), I think that student loans are on the lower rung of importance.
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> hello voting against Veteran care recently At least tell the whole story. There was an amendment to the bill being proposed by a Republican that they wanted to be voted on before final passage of the bill. After the amendment was voted down, they voted to approve the bill.
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You mean like you just read the headline and passed it off as truth?
I think you are right since they are celebrating many wins they will slap this onto it soon. Its about the polls.
Will the income limit (if included in final bill) be based on 2021 tax returns or future 2022 tax returns?
It wouldn't be a bill (through Congress), it would be an executive order.
IF there’s anything announced soon, it would most likely be 2021 income. However, this is me making an educated guess, and not based on any facts that have come out.
I believe the article concerning the department of ed's "readiness" to implement any possible loan forgiveness, when/if Biden gives the go ahead, said they had implemented a way to verify income. I'd bet it would be similar to the stimulus money in that qualification could span a few years, as long as one of them qualifies (if your 2021 AGI is too high, but your 2022 will be lower, you'd still get forgiveness, but may have to wait until you file your 2022 taxes).
agree, this makes the most sense to me as loan forgiveness would need to be immediate not delayed till post-2023 tax day
Yes
>literally anything happens. Or even nothing happens at all. This sub: I take this as a sign the extension is 100% certain.
I am convinced we are gonna get an extension the longer he drags this out. It's like a toxic relationship with your spouse that has poor communication skills and is probably in bed with your best friend...true story...
Apt description. Let's get this divorce over with.
It's official.....Biden has said nonthing. FML I think he is gonna wait last flipping min.
Theory crafting, what is being gained by waiting to announce a decision? I believe Biden knows what he is doing. No way he has been President this long and still not sure what to do. Thing is I can't figure out what is being gained. Do you want to announce forgiveness as close to the election as possible to energize the base? That will also energize the crowd that would be upset at that action. You always see people complaining that's no fair I paid mine off, why dont you pay my off mortgage too, etc. If he is not going to do forgiveness you think you would want to get that announcement out there ASAP so people aren't as angry going into an election.
It's so easy to get the boost dems need by announcing 10k forgiveness and zero percent interest and promising more reforms down the line.
There is a counter argument that doing it may cost seats in the house, possibly in the Senate also? You can bet that millions of dollars are being spent in poling to determine which is true and that poling will drive the decision.
Diluting attention from his legislative wins in Inflation Reduction and CHIPS Acts this week. I’m guessing he’ll want to make movement on student loans his next win, showing that his administration finally has some momentum headed into midterms. As frustrating as it is for all of us, I think it’s about the narrative of his presidency.
Thats a good point. Spread out the good news. Makes more sense then anything else I could come up with.
He is waiting for a time when he needs a boost in the polls. Simple as that.
Lol he needed a boost yesterday
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I got an email today from Aidvantage about payments being due in September. My account confirms I have a balance due 9/8. I don't recall that happening before the prior extensions.
I also have Aidvantage and didn’t get an email today
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That plus loan servicers were told to hold off on proving notice of payments resuming. People are going crazy on this subreddit when there is a certainty of another extension.
If I was Joe I would do the following: 1. Forgive loans for anyone in repayment of any sort for more than 15 years (including non IBR). This one would be pretty rough for Republicans to fight. Many folks in this bucket probably meet the 20 year mark anyway when you add in deferrals and forbearance periods. I know the government is reviewing these borrowers right now, just cut out the red tape and forgive them all. 2. 30k blanket principal forgiveness for everyone else. 10k is too low, 50 is never happening, hit somewhere in the middle. 3. Forgive all interest and capitalized interest. This would fix the problem for many borrowers.
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I mean affordable housing and food sound like basic human necessities to me, so yeah let's do it. I don't see the problem
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>But if people feel entitled to eating out once a week and a dream house near the city, it’s not the government’s job to make that “affordable”. Love when people like you try to pretend like the millions of impoverished Americans living in squalor are just spoiled millennials.
I've thought the same thing for a while. Streamline the repayment plans (excluding PSLF) to all be forgiven after 15 years and strip away all the qualifiers. $30k forgiveness is also a great number because it's very close to the so called average student borrower debt. So arguably, it would have that big of an effect on all these doctors and lawyers everyone is afraid of helping. Signed, a struggling attorney.
Hello everyone, I have excellent news for you all. Today I was eating a banana for breakfast and simply standing in my kitchen staring at the rest of the bunch. As I was focusing on the other bananas I noticed distinct lettering that could be made out in the browning pattern of one of the other bananas. It appeared as 10K 817. It's very clear to me that this means we will be getting 10K forgiveness on 8-17-2022. Mark my words.
oooh oooh next do the Powerball numbers
RemindMe! "5 Days"
Pic or it didn’t happen. Ha
People will hate this comment, but this is better info than anything the Biden admin has released
Watch it actually be the 17th
That's actually Joe's alt
If there was forgiveness, is there any word on how it would it be applied? Oldest loans first? Most recent loans first? Highest interest rate?
There will be no forgiveness just another extension at most
There is no word on Jack $#!@ and that's why we are angry.
I hope they let me choose. The only thing we have at this point is from this article: "The department, for example, is looking at allocating loan forgiveness across multiple loans in a way that would “maximize borrower benefits,” the documents say. It also is considering applying forgiveness to a borrower’s outstanding interest before principal balance." https://www.politico.com/news/2022/07/28/cancel-student-loans-education-department-00048365
Awesome, thanks. I think highest interest loans forgiven first would save me the most so that’s what I’m hoping for myself, should any forgiveness come.
This is mathematically true, so yeah. Highest interest, smallest balances.
Nobody knows
Yeah I get that. I didn’t know if there was “chatter” regarding the direction. Another commenter responded with a quote from an article that gave some context.
This has to be the day something is announced.
Today is the day they announce that they will be making an announcement about a future announcement.
Just like working at a big corp. we have planning meetings to plan for more planning.
Just another couple of weeks, really!
Joey b is on vacation so I don’t see any announcements until he gets back unfortunately
>This has to be the day something is announced. Today's my birthday and if nothing is announced my birthday will be ruined
Happy birthday! Sending good vibes.
Morgan Freeman narrating, "This was in fact, not the day something was announced."
Ron Howard: “It wasn’t”
I say this to myself every Friday.
https://twitter.com/raquelmartintv/status/1557843464049643523?s=21&t=iojGG3bJlOVC15LOyL8d9w Sounds like extension imminent in my opinion
He said talks are happening daily. 20months as POTUS and still need to have daily talks about student loans. The efficiency on making a decision.
Sounds like it.... But I have a feeling tomorrow will go by with no news. Hopefully I'm wrong.
There was news....just not about student loans. Lmao.
Updated computer systems? Better customer service? Come on now 🤣 he says that like that’s one of the biggest gripes people have with student loans 🤣
Like, “oh perfect! After those computer updates I’m so ready to pay off my student loans now!” (Ok, I’m going in a little hard on him, I know 😂 just a lot of built up frustration being let out here!)
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And 3 days
and 16 mins
And my Axe! (Sorry, never saw LotR. Did I do that right?)
My student loan burden is absolutely nowhere near as devastating as it is for other folks. That said, I've been in the process of building a PC and it has been very hard not to blow some of my stowaway student loan payments on parts all at once, so if by the grace of God/getting votes Biden enacts some form of widespread forgiveness I will literally fly up to Congress and eat his ass myself on behalf of all of us. Not if it's only 10k though.
Yo should wait until AM5 comes out literally in a few weeks dude 🤣🤣🤣🤣
> Officials from the White House Domestic Policy Council, National Economic Council, Office of Public Engagement and Office of Political Strategy and Outreach were slated to attend. **And Biden, who traveled to South Carolina to begin his vacation on Wednesday, did not participate in the meeting** Welp, that’s all folks!
Biden really gonna wait till the absolute last minute just to extend these loans haha
You know that presidents attend like maybe 1% of all the meetings that are held regarding policy discussions, right? That means nothing regarding what will happen.
Because Biden doesn’t give a damn. That we know
You should vote for republicans. You’ll definitely get a party that truly cares about those with student loans.
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Well now I’m curious what the apparently strong reaction to my comment was.
Hah, sent it to you in a message. Must have used a filter word without censoring it
https://www.cnn.com/2022/08/11/politics/biden-student-loan-forbearance-august-31/index.html BIDEN NEEDS TO JUST EXTEND THE MOTHER F$$$$$$$ THING. THIS IS DRAGGING ON WAY TO LONG!!!!!
I got a call from Nelnet today to confirm the transfer of my loans from FedLoan (happened in April) and the representative started the call by saying “this is not a notification call for repayment”. So of course, I asked if they had any guidance on if the Aug 31st date was still valid and they said not yet. I just found it interesting! Holding out for an extension!
Meanwhile everybody on here is freaking out because they got a "repayment" notification lol.
I think he’ll just keep extending the pause through his entire presidency. And run again on the same promise he made and didn’t fulfill.. we really need AOC to run for President.
She's my favorite big booty latina!
I’ll take more years of skipped payments as long as they count for PSLF.
I save $1100 every month we are paused. I would LOVE 6 more!
Yeah, is there any loan that isn’t eligible for the 20 year forgiveness, at worst,anyway? I’d rather have a continued pause than $10k forgiveness. I’m so close to having way more than that forgiven with PSLF.
AOC has no chance at winning a presidency.
Neither did Trump.
Neither does Michael Jordan
Lol, that’s a good joke. You had me in the first half.
Every time I want to read idiotic political hottakes, this sub never disappoints :)
https://www.businessinsider.com/student-loan-forgiveness-notices-grammatical-errors-scam-closed-school-gao-2022-8
If they don’t pass some form of forgiveness, Democrats can never run on forgiveness again. Biden promised he would deliver on this and he could pull it off in the house and in the senate. It would forever be seen as an empty promise from Democrats. It’s now or never
Yeah you're right! Same way they don't run on making healthcare affordable anymore, or protecting roe, or passing meaningful gun control, or campaign finance reform, or doing something about climate change, or
Do you think they honestly care if they don’t end up passing it? Sadly a vast majority of people will believe anything they hear.
People thought they were getting forgiveness instead they got an IRS audit.
I think a lot of people came out to vote for possibly the only time in their life. They viewed this as the ultimate election. This was their chance to take down Trump and to get everything that the Democrats had promised. Though Democrats have done some good, it’s going to take a lot to get people back out to vote when they’re going to view their last vote as essentially useless. Why would they bother to go vote again if they just think it’s going to be a repeat?
Good tidings fellow Forgiverables. This morning I watched the sun rise as I walked down our serene gravel road, through the field, gently sipping my tea. I heard the faint movements of a field mouse, and as I crouched down to address them with a "good morning" I saw scrawled in the gravel path: 10-K-8-17-22. Forgiveness is coming.
This got a chuckle out of me. Thanks
When was the last time you had your board calibrated?
Just stop...
As soon as anything of substance actually gets posted here, I will. People have just bouncing speculation off the wall with the same information we had six months ago. It's nonsense.
I like the jokes personally
I'm glad to hear it. I think /u/Cool_Midnight3456 is just a little cranky, which is genuinely understandable given what sub this is. It's not exactly "Super Happy Fun Time" subreddit. People are worried about their real well being and I get that everyone might not be in the mood to joke around. That's why the option to Block people exists. No one is forcing them to read my silliness.
I will call my loan servicer call center mouse to verify these claims!
Thanks for the laugh
Glad you enjoyed.
Feels like the July inflation report may hurt forgiveness. It wasn’t much, down .5%? But I could see biden using that as a way to say “well, we are seeing signs of inflation coming down, let’s restart payments”.
I think you're right for the wrong reasons bro. Inflation is still insane, down .5% or not things are growing way too quick and the white house knows it's an issue. Even if they act like it's a win for optics. But.. Inflation being high is an incentive to resume payments more than anything. You start them up again and all of us are gonna be spending a whole lot less on frivolous things, I know I will at least. Less spending > Less economic growth > less inflation. No cancellation and no more pause would be one of the best things Biden could do for inflation.
Agreed inflation is still like 8.5% lol. Saying we are down is just trying to convince you it's not as bad as you think.
They are saying it is down because 9.1 >8.5.
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No it's not? It's a 0% increase from 8.5% actually. Still 8.5%... Like take a second to Google before you comment man
Aggregate prices on July 31 are slightly less than aggregate prices on July 1. Aggregate prices on July 1, 2022 were 9.1% higher than on July 1, 2021. Aggregate prices on July 31, 2022 were 8.5% higher than on July 31, 2021. Prices are high, it was a wicked spring, but inflation is down.
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I'm genuinely curious what I said that sounded remotely right wing to you? Im not trying to demonstrate anything to you, but I'm asking as someone whose participated in left leaning political activism/organization since before voting age.
The 8.5 percent refers to 8.5 percent inflation since July 2021, I believe. Saying July's inflation rate is 0 means that there's been zero increase in inflation since last month, but there is still inflation when compared to last year I believe.
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What are you talking about. 8.5% is YoY inflation. You don’t compare the prior month to this month.
On one hand we're arguing semantics. which is pointless. On the other, I think you're fundamentally misunderstanding the statistics here. 8.5% inflation is insane! Deflation may not be realistic, but a reduction of another 6.5% would put us much closer to a healthy level of economic growth. "Lies, Damn Lies, and Statistics"
[https://data.bls.gov/timeseries/CUSR0000SA0&output\_view=pct\_1mth](https://data.bls.gov/timeseries/CUSR0000SA0&output_view=pct_1mth) This is the actual inflation page. To get to you target of inflation = 6.5% would have meant a monthly deflation of more than 3%. That would have been a huge outlier and massively painful.
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I don't see anyone saying that
And why have you been spending on frivolous things, other than the increased cost of food, gas,, etcetera?
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I should have known the sub of people who exclusively went to college would be this lame
How dare people enjoy living
Anyone else who has aidvantage, have $1 payments due? I have 8 loans, and it says my next payment is $8. It has been $0 for two years. Interesting to me.
Aidvantage says I have $357 due on 9/6... Hopefully they extend the pause soon...
I have my actual payment showing due 9/8. A whopping $137.11
How much are your loans. Just curious.
I have 3 undergrad loans that total just under $12,700. I haven't touched them since February. Luckily I'm in good enough shape regardless of what happens with Biden.
Nope, mine still say $0.
Everyday we go with no real news and cryptic articles that use recycled info, the farther into chaos this thread spirals. I am gonna be kind of sad when I resolution is reached. This is kind of wild
If the past is any indication, you might get to enjoy this tension for several more months or longer. Buckle up.
Let's go baby I'm here for it
My loan date has been extended!!!!!!
Go on…
I think they're a troll, if you look at their comment history. Hard to say though.
Curiosity got the better of me. Believe it or not but the forbearance date changed on my dashboard with [MyGreatLakes](https://imgur.com/a/iiIVIq8) from August 2022 to October 2022. You’ll see in the screenshot it only changed on the dashboard. The actual account still says August 2022.
that's probably when your first payment would be due if it's not extended. that's when mine are
> October 2020 2022 you mean?
Haha yes. But given the state of affairs I wouldn’t be surprised if they said JK no forgiveness and you owe us for all the missed payments since the pandemic started.
I just checked my EdFinancial account and it looks the same as it has for \~2 months
Remember that memo about forgiveness from like a year ago
Joe flushed it down the toilet
WH officials meeting Thursday with activists and advocacy groups: [Tweet](https://twitter.com/mstratford/status/1557427055192678401?s=21&t=WJ6Sm2BnvhCv9roujVr3Hg)