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.

  • Lussy [any]
    ·
    2 years ago

    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

    • spring_rabbit [she/her]
      ·
      2 years ago

      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.

      • Lussy [any]
        ·
        2 years ago

        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