Does $10K student loan forgiveness help you? How old are you?

[RPC324]

Originally Posted by Roselvr

Not surprised to see right after elections.

Well if they don't allow the relief to go through, hopefully the changes they listed to be implemented by the summer will happen so that others don't get bogged down by student debt.


U.S. stops taking student debt forgiveness applications after ruling

The other prongs of changes (amending interest schedules, long term forgiveness timelines, expanding PSLF) should go through either way.

I do expect at least one more moratorium on collection of payments, at least while this works its way through the courts. I could also see an outcome where if the president and education secretary are barred from the creation of widespread forgiveness, they simply stop collecting payment on loans for those under the income threshold and allow the loans to age out to their existing forgiveness dates, or tweaking the income-driven plans to accomplish just that effect.