#studentloans — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #studentloans, aggregated by home.social.
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#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/
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RE: https://kolektiva.social/@DoomsdaysCW/110832318168556366
#Trump and fiends are getting rid of Income-Based Repayment Programs and Student Loan Forgiveness.
Characteristics of #Fascism number 11!
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#WSJ - 15% The decrease in the number of #job postings to #entrylevel job-search platform Handshake this school year compared with last year, while the number of applications per job rose 30%. Companies have long leaned on entry-level workers to do grunt work that doubles as on-the-job training. Now #AI can do a lot of that, jeopardizing an already precarious job #market for #college #graduates. #economy #trump #artificialintelligence #OpenAI #education #studentloans #debt
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So, no more #StudentLoanForgiveness, apparently. My supervisor asked, "WTF are they thinking?! First Public Television and now this?"
I replied, "They are trying to demoralize us. Plain and simple."#TrumpSucks #TrumpHatesTheEducated #DumbingUsDown #StudentLoans
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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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#PersonalFinance #Investing #FinancialFreedom #RetirementPlanning #DebtFree #FrugalLiving #StockMarket #Crypto #RealEstate #FinancialLiteracy #WealthBuilding #Budgeting #SavingsGoals #EmergencyFund #DividendInvesting #TaxPlanning #Entrepreneurship #PassiveIncome #CreditScore #FinancialPlanning #FIREmovement #MillennialMoney #MoneyMindset #DebtRepayment #SideHustle #StudentLoans #MoneyManagement #FinancialGoals #RoboAdvisors #ETFs
In today's fast-paced world, social…
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In #US #House #RepublicanParty Legislators attack #educationsecretary on #Supporting #transgender #athletes, #studentloans
“There are #students right now that are #hurting because #elected #officials have chosen to use their #platform to further #ostracize them,” Cardona said.
#Women #Transgender #LGBTQ #DemocraticParty #Allies #RepublicanParty #Hate #Bigotry #Violence #Genocide #Discrimination #Transphobia #ThePartyOfHate