#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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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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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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What’s in Trump’s big bill? Trillions in tax cuts, changes to Medicaid and more
By KEVIN FREKING and LISA MASCARO
Updated 8:21 PM EDT, May 13, 2025WASHINGTON (AP) — "#Republicans in Congress are moving with rapid speed to advance President Donald Trump’s big bill of #TaxBreaks, #SpendingCuts and beefed-up border security funding as leaders work to enact many of his campaign promises.
"House committees have been laboring for months to draft the legislation, which Republicans have labeled 'THE ONE, BIG, BEAUTIFUL BILL,' a nod to Trump himself. Speaker Mike Johnson is pushing to approve the package and send it to the Senate by Memorial Day.
"Democrats say they will fight what House party leader #HakeemJeffries calls 'this extreme and toxic bill.' "
https://apnews.com/article/trump-tax-cuts-bill-medicaid-work-requirements-17cbde167f3b434e925a199c3253b8e1#BigUglyBill #Environment #Ethics #StudentLoans #Medicaid #TaxBreaksForTheRich
#CorporatePolluters #AirIsLife
#WaterIsLife #LandIsLife
#MAGADeathCult #TrumpHatesTheEnvironment
#TrumpHatesThePoor
#AntiLife #Greenpeace
#Indivisible #FreePalestine
#CREW #PeaceAndJustice
#Corporatocracy #CharacteristicsOfFascism
#SilencingDissent
#USPol #HR9495 #StopHR9495
#TaxPackage #Authoritarianism
#AuthoritarianRule
#FightForTheFuture
#Section112209 -
#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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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 -
#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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An #amicus brief is filed by "friends (amici) of the court" — people who do not have a role in the case, but want to voice a comment.
Over one hundred individuals co-signed an amicus brief to the #SupremeCourt insisting that #studentloans should NOT be forgiven.
So far, I've found over twelve million dollars of #PPP loans taken out in their names — all forgiven.