#studentloans — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #studentloans, aggregated by home.social.
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Older #StudentLoan borrowers are at risk of losing a chunk of their #SocialSecurity. There's a new bill to prevent that.
Story by Ayelet Sheffey, August 17, 2026
"Student-loan borrowers could lose their Social Security checks if they fall behind on their loan payments. Democratic lawmakers want to put an end to that practice.
"On Monday, Sens. #BernieSanders, #ElizabethWarren, and #EdMarkey introduced a bill to prevent older student-loan borrowers and borrowers with disabilities from facing Social Security garnishment if they default on their payments.
"A fact sheet of the legislation reviewed by Business Insider said that the bill would prohibit the Treasury from seizing Social Security payments, including Social Security Disability Insurance, and protect those borrowers from 'unnecessary forced collections.'
"Sanders said in a statement that 'in the richest country in the history of the world, no senior should have their Social Security payments taken away from them to pay back student debt.'
" 'This is especially true when seniors throughout the country already cannot afford the skyrocketing price of healthcare, prescription drugs, groceries and housing,' Sanders said. "Congress must pass this legislation.'
"The legislation comes as student-loan defaults are at a record high. Over 9 million borrowers were in default as of March, according to the latest Education Department data, which happens when a borrower has missed payments for 270 days.
"The New York Federal Reserve's latest household debt report showed that student-loan delinquencies stood at 10.6% in the second quarter of 2026 — up from 10.3% in the first quarter. Pre-pandemic delinquency rates were around 11%, and researchers said the latest data showed that delinquency is stabilizing. Yet researchers said that number could rise again due to the elimination of the Biden-era SAVE repayment plan, which gave borrowers affordable payments and a shorter timeline to debt relief."
Read more:
https://www.msn.com/en-us/news/other/older-student-loan-borrowers-are-at-risk-of-losing-a-chunk-of-their-social-security-there-s-a-new-bill-to-prevent-that/ar-AA2ahcsA?#SAVEPlan #StudentLoans #USPol #TrumpSucks #CharacteristicsOfFascism
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RE: https://thelounge.network/@LogicalApex/117015592498964606
indentured servitude is #slavery by #debt. #healthCare tied to #employment is an engineered debt.
the usa health care by employment is a form of indentured servitude. in other words:
EMPLOYMENT IN THE UNITED STATES IS A FORM OF DEBT SLAVERY.
doubly so if you have debt by #studentLoans.
#PuertoRico outlawed debt slavery because post-slavery plantation workers were locked into their jobs by debt ―always to the plantation owner― they couldn’t retire in bankruptcy.
like today's student loans.
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Education Department Must Wipe Out #StudentLoans For 500,000 Borrowers Under #Settlement, Says Court
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Thanks, Republicans!
Student loan defaults hit record highs in wake of COVID-tied payments pause expiration
https://www.cbsnews.com/news/student-loan-defaults-surge-covid-tied-payments-pause-expiration/#StudentLoans #Education #TrumpMustGo #KingOfTreason #RepublicansDidThis #NoRepublicansEverAgain #USPol
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Under federal rule, colleges must leave grads better off or lose financial aid
https://www.npr.org/2026/06/30/nx-s1-5835631/turner-camhi-do-no-harm-college-loans
Comments: https://news.ycombinator.com/item?id=48878126
#HackerNews #collegereform #studentloans #financialaid #educationpolicy #highereducation
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CW: NZPol Solar vs Student loans
"Here it is: tomorrow morning, the government cancels the student loan book. Every balance, zeroed. The Crown writes off $16.2 billion of assets against its own accounts, net debt ticks up accordingly, and 622,892 people wake up owing nothing.
Now the question that matters. What, in the real economy, just happened?"
https://andrewdicksonnz.substack.com/p/sixteen-billion-dollars-of-nothing
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RE: https://apobangpo.space/@bich/116864746882964140
This is me 👇 and it's a labyrinth with no exit to get clear answers.
#StudentLoans -
bulshit new student loan rules start in 2 days?
If you are behind on payments, you may qualify for an Unemployment Deferment or an Economic Hardship Deferment, but be warned: These programs are being eliminated for loans initiated on or after July 1, 2027. Forbearance will be limited to a maximum of nine months every two years for loans funded on or after July 1, 2027. Source: Student loan overhaul starts July 1: What borrowers should knowhttps://tacobout.online/2026/06/29/bulshit-new-student-loan-rules-start-in-2-days/
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CW: NZ - student loan border arrest
In the past ten years, just 13 people have been arrested at the NZ border for student loan debts. Here's the story of unlucky number thirteen, a doctor who's worked in Australia for the last thirty years.
It's also a cautionary tale of how 5.6% interest and a further 9.6% in penalties on arrears can transform a once modest debt into a millstone.
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A while back I posted that #Trump is trying to drastically cut back #StudentLoans for those studying for careers in #HealthCare. The #Senate is expected to vote THIS WEEK on a resolution to block this terrible rule. If you haven't written to your representatives, now is the time. https://www.defendpublichealth.org/campaign/save-student-loans-healthcare
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That #median includes the youth who often start with negative worth due to #StudentLoans.
Your highest #NetWorth is achieved in your 60s as you approach your #retirement. The #debts are gone. The median is now $ 410 K. Your stack has slightly more than doubled in height to 45 cm.
At this rate, when will you become a #trillionaire? It will take ~ 108 million years! The #dinosaurs perished only 65 million years ago, you dolt!
src: https://wealthvieu.com/personal-finance/net-worth/net-worth-by-age
Want more?
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The #TrumpAdministration wants to drastically cut #StudentLoans for #HealthCare. This won't just harm students, it will devastate communities already seriously short of healthcare providers. Congress can stop it if they hear from you!
https://www.defendpublichealth.org/campaign/save-student-loans-healthcare/ -
#ICYMI (I know I did)... Apparently, part of #Trump's #BigUglyBill involved withholding future student #FinancialAid if they withdraw from a class. Wow...!
"Beginning in Summer 2026, changes to #FederalStudentAid under the One #BigBeautifulBill Act will significantly affect how federal direct loans are adjusted when students withdraw from courses or reduce enrollment. Several of you have met with me via zoom to learn more about these changes, and I am grateful for the questions and conversation.
What’s changing in brief:
- Financial aid for loan borrowers may now be recalculated based on a student’s enrollment, even in cases where students continue to pay for all of their credits.
Students who withdraw from courses may:
- Lose eligibility for a portion of their aid in a future semester and/or,
- Owe a balance back to the university
Please contact the Office of Financial Aid with questions or refer students directly for individualized guidance.
Thank you for your continued support of our students during this transition."
#USPol #TrumpSucks #DumbingUsDown #GuttingHigherEd #StudentLoans
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Americans now owe a staggering $18.19 trillion as credit card debt keeps climbing
https://fed.brid.gy/r/https://nerds.xyz/2026/05/us-consumer-debt-2026/