They think young people won't find out about it in the next ~1 month until the midterm elections?

https://twitter.com/libbycwatson/status/1575534594605998081

    • CanYouFeelItMrKrabs [any, he/him]
      ·
      2 years ago

      It affects people with a specific type of loan. From another article:

      At the center of the change are borrowers who took out federal student loans many years ago, both Perkins loans and Federal Family Education Loans. FFEL loans, issued and managed by private banks but guaranteed by the federal government, were once the mainstay of the federal student loan program until the FFEL program ended in 2010.

      Today, according to federal data, more than 4 million borrowers still have commercially-held FFEL loans.

      So basically it will affect 4 million people with loans taken before 2010

    • JoeByeThen [he/him, they/them]
      ·
      2 years ago

      Nah, I had Pell grants and they consolidated my loans into these FFEL loans. They wanted me to pay like $600 a month or something before consolidation.