#studentloan — Public Fediverse posts

If this doesn't get folks out onto the streets, I don't know what will! #StudentLoans are a HUGE burden that hangs over a lot of peoples' heads -- and #IncomeDrivenRepayment programs are the only thing keeping them from not being able to make ends meet and / or having their #credit ruined! And taxes on scholarships? Seems the #FascistGrooveThing wants to #SilenceDissent by providing barriers against an #EducatedVoter!

House Republicans mull taxes on scholarships and changes to student loan programs

By CHEYANNE MUMPHREY
Updated 11:51 PM EST, February 8, 2025

"As Republicans in Congress look for ways to slash spending, some legislators are floating new taxes on college #scholarships, an end to #StudentLoan #repayment plans and a big hike in taxes on university endowments.

"The ideas affecting #HigherEducation are among many in circulation among House committees that are exploring ways to cover the cost of extending and expanding tax cuts passed in President Donald Trump’s first term.

"The recommendations are still evolving, and it’s unclear how close any of them will get to being implemented. Regardless, advocates across higher education say they are alarmed to see such proposals gain traction at all with Republicans.

"'It’s shocking to me because this amount of cuts is not happening in reaction to like a budget crisis, like a #recession. This really feels different in the sense that it is not something that there is an external push or a need for. So, it feels more #ideological in a way,' said Jessica Thompson, a higher education policy expert with The Institute for College Access and Success.

"Here is a look at possible federal budget cuts that would affect higher education under the Trump administration:

"Cutting programs that help students pay off college debt

"The U.S. House Committee on Education and the Workforce has suggested several possible ways to overhaul student loan programs. Some would reduce student access to federal aid for college.

"On the chopping block potentially are several plans students can opt into to repay their students loans, including the #SAVEPlan introduced by the Biden administration. That plan doesn’t require borrowers to make payments if they earn less than 225% of the federal poverty line — $32,800 a year for a single person — and prevents interest from adding to balances as long as borrowers make their monthly payments. The SAVE plan was already put on hold after Republicans challenged it. Some plans do not appear to be targeted, including one that caps loan payments based on borrowers’ income level.

[...]

"An end to tax-free status for scholarships

"Scholarships and fellowships have been exempt from taxes as long as they are used for tuition and related expenses. That would change under another proposal that’s up for consideration.

"The changes could create new financial burdens for students and families, advocates say.

"'There’s been great progress in bringing down the costs of higher education. Adjusted for inflation, public university tuition is less now than it was ten years ago,' said Craig Lindwarm, senior vice president of governmental affairs with the Association of Public and Land-Grant Universities. 'But as we look at some of the proposals that are options, many would increase costs on students and families, and I think (the proposals) are heading in the direction that most don’t want to see, which is increasing expenses on students and families.'

Read more:
https://apnews.com/article/trump-administration-education-college-loans-532d52c2ccac8b4be459f7797fb63a73
#USPol #Fascism #CharacteristicsOfFascism #SignsOfFascisn #ResistFascism #Education

This ridiculous #FarRight #SCotUS actually compared #StudentLoan #DebtForgiveness to the Japanese Internment Act of 1942, and giving free healthcare to every citizen as a gateway to #tyranny.

But when faced with an ACTUAL argument that a #Potus should be #AboveTheLaw... even if they try to violently overthrow the government, this #RightWing court has demurred. #GOPHypocrisy #IOKIYAR #Facism 🤬 https://www.msnbc.com/alex-wagner-tonight/watch/trump-presidential-immunity-case-exposes-conservative-supreme-court-s-true-colors-209812549928

# Here’s what’s left for the Supreme Court’s final week of the term

* The #SupremeCourt (#SCOTUS) is expected to release several major #decisions in its final week of the term, including rulings on #AffirmativeAction, #StudentLoan #payments, #ElectionLaw, and #LGBTQrights.
* The affirmative action case, Fisher v. University of Texas, could have a significant impact on college admissions policies across the country.
* The student loan case, Biden v. California, could determine whether the Biden administration can cancel student loan debt.
* The election law case, Moore v. Harper, could weaken state and federal election laws.
* The #LGBTQ #rights case, Fulton v. City of Philadelphia, could determine whether #businesses can #refuse to #serve #LGBTQ people on #religious grounds.
* The Supreme Court is expected to release its decisions on these cases by the end of the week.
* The decisions could have a major impact on American society, and they are being closely watched by both sides of the political spectrum.
* The affirmative action case is a challenge to the University of Texas's affirmative action program, which considers race as one factor in admissions decisions.
* The student loan case is a challenge to the Biden administration's plan to cancel up to $10,000 in student loan debt for borrowers.
* The election law case is a challenge to a North Carolina law that makes it more difficult for people to vote by mail.
* The LGBTQ rights case is a #challenge to a #Philadelphia #law that #requires #businesses that contract with the city to serve LGBTQ people.


https://www.cnn.com/2023/06/26/politics/supreme-court-final-week-preview/index.html

*Please #Boost/ #Donate*
Some time ago I embarked upon a journey to become an #EnglishTeacher. I fell ill, got behind. I failed my classes. The #college GCU is holding my #transcripts hostage until I can pay them about $1,900. I know this isn't a great time, but I've made a #GoFundMe if you could contribute/Boost it I would really appreciate it 💯😁💖
#HigherEd #tuition #USCollege #forProfitCollege #studentdebt #studentloan #mutualAid #debt #debtRelief #USHigherEd​

https://gofund.me/f5477e51

I want to get my BA and teach High School English, but I have like $1,900 in debt to this college and they won't let my transcripts go. I am a sub teacher right now at $85/day and have no health ins. How do I raise almost $2,000, preferably by January so I could start school spring semester? 🤔

#HigherEd #tuition #USCollege #forProfitCollege #studentdebt #studentloan #student_debt #debt #debtRelief #USHigherEd