Sources said President Biden’s intended measure will include at least $10,000 in loan forgiveness for borrowers who make less than $125,000 annually, as well as another payment freeze for roughly four months.
Sources said President Biden’s intended measure will include at least $10,000 in loan forgiveness for borrowers who make less than $125,000 annually, as well as another payment freeze for roughly four months.
Hey 10k would wipe out my student loans and actually be really helpful.
Oh wait, my loans didn't qualify for the pause so I guess they won't qualify for this either.
were they private?
Nope! Federal loans for going to a state college. They just don't count because Reasons I guess.
wait what, what do you mean it didn’t qualify? I’ve got fed loans and also went to a state college and I’ve had my loans deferred
https://studentaid.gov/announcements-events/covid-19/payment-pause-zero-interest
Seems I've already paid my direct loans, and my FFEL/Perkins loans aren't held by the ED. Funny how nobody bothered to explain that to my 18-year old ass when I was figuring out how to pay for college.
Never take money from private lenders. As paradoxical and purposefully evil this system is, the fed ED is the only loan issuer you should be borrowing from.
I once borrowed $5k from a big private bank and holy shit paying just the interest rate on that was brutal