#studentloans — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #studentloans, aggregated by home.social.
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#StudentLoans in default to be referred to #DebtCollection, #EducationDepartment says
By ANNIE MA, April 21, 2025
WASHINGTON (AP) — "The Education Department will begin collection next month on student loans that are in default, including the garnishing of wages for potentially millions of borrowers, officials said Monday.
"Currently, roughly 5.3 million borrowers are in default on their federal student loans.
"The Trump administration ’s announcement marks an end to a period of leniency that began during the COVID-19 pandemic. No federal student loans have been referred for collection since March 2020, including those in default. Under President Joe Biden, the Education Department tried multiple times to give broad forgiveness of student loans, only to be stopped by courts.
" 'American taxpayers will no longer be forced to serve as collateral for irresponsible student loan policies,' #EducationSecretary #LindaMcMahon said.
"Beginning May 5, the department will begin involuntary collection through the Treasury Department’s offset program, which withholds government payments — including tax refunds, federal salaries and other benefits — from people with past-due debts to the government. After a 30-day notice, the department also will begin garnishing wages for borrowers in default.
"The decision to send debt to collections drew criticism from advocates, who said borrowers had experienced whiplash and confusion with the changing student loan policies between the Biden and Trump administrations."
Source:
https://apnews.com/article/student-loan-debt-default-collection-fa6498bf519e0d50f2cd80166faef32a#CharacteristicsOfFascism #Education #DumbingUsDown #Debt #LoanForgiveness for #TheRich, but not #Students!
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Biden announces plan to cancel some student loan balances under $12,000
Starting next month, people who took out under $12,000 in federal student loans and have been repaying those loans for 10 years will get their remaining student loan balance cancelled once they enroll in the Saving on a Valuable Education Plan, known as SAVE.
“This action will particularly help community college borrowers, low-income borrowers, and those struggling to repay their loans,” Biden said in a statement.
“And, it’s part of our ongoing efforts to act as quickly as possible to give more borrowers breathing room so they can get out from under the burden of student loan debt, move on with their lives and pursue their dreams.”
This initiative builds on the Biden administration’s effort to cancel federal student loan debt following last year’s U.S. Supreme Court decision that struck down the White House’s plan for a one-time cancellation of up to $10,000 for federal borrowers. Student loan borrowers who had received Pell Grants — federal aid to help low-income students pay for higher education — could have qualified for an additional $10,000 in forgiveness.
#USPol #Politics #USPolitics #News #Biden #JoeBiden #StudentLoans #StudentLoanForgiveness #LoanForgiveness #StudentDebt #DebtForgiveness
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Education is a fundamental right, not a privilege. That is why it should be free and available at community colleges and public state universities.
#usa #us #freeEducation #students #studentloans #Education #freecollege #middleclass #loanforgiveness #equality #equalrights #freedom #diversity #socialjustice #justice #opportunity #growth #development #rights #Public
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Some student loan news if you haven't seen it. Just what we all need, another band-aid. Get rid of it, we are stuck!
Another year to "get ready" doesn't help anyone. And that option is not even offered to all.
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An expert on the US Supreme Court tries to make sense of today's student loan decision.
' The Supreme Court’s decision in Nebraska is not rooted in law, and it barely even attempts to resemble a legal decision. The Court overrules both elected branches. It rewrites a federal law. And it roots its decision in a fake legal doctrine with no basis in any actual legal text. '
#SCOTUS #USSupremeCourt #MajorIssuesesmmDoctrine #BidenVNebraska #StudentLoans #LoanForgiveness
https://www.vox.com/scotus/2023/6/30/23779903/supreme-court-student-loan-biden-nebraska-john-roberts
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@DrPsyBuffy I love you.
Okay maybe I just think that that's a truly great idea having paid for over 10 years and JUST YESTERDAY getting a letter from MOHELA saying that they'd accept 112 of my payments leaving only 8 until forgiveness. I paid the principal off a couple of years ago so my current payments are for interest on the interest.
I love your idea for all students mired in debt.
#StudentLoans #LoanForgiveness #HigherEd
