this post was submitted on 21 Feb 2024
239 points (96.1% liked)

News

23275 readers
3437 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS
 

The impacted borrowers are people enrolled in the SAVE Plan.

The Biden administration will begin automatically relieving student debt for another 153,000 people on Wednesday, bringing the total number of Americans approved for debt relief to nearly 3.9 million.

President Joe Biden will tout the new debt relief in a speech from Los Angeles, and thousands of people will receive an email from the president informing them that they now qualify for relief.

"Congratulations — all or a portion of your federal student loans will be forgiven because you qualify for early loan forgiveness under my Administration's SAVE Plan," the email from the president will read.

The people receiving debt relief beginning Wednesday are those who enrolled in the newest student loan payment plan, called the SAVE Plan, which the Department of Education calls the most affordable plan for the majority of borrowers.

Anyone enrolled in the SAVE Plan who took out less than $12,000 in initial loans and has been paying them down for the past 10 years or more will have them forgiven.

you are viewing a single comment's thread
view the rest of the comments
[–] gastationsushi@lemmy.world 5 points 8 months ago* (last edited 8 months ago) (1 children)

I have almost qualified for student loan forgiveness so many times I lost count. Same as my wife, same as a lot of borrowers.

Biden is edging forgiveness at this point. Seriously, fuck means testing, fuck neoliberalism.

[–] skuzz@discuss.tchncs.de 5 points 8 months ago (1 children)

What, you don't like the carrot of relief, a chance to maybe feel like you have a snowball's chance in hell of ever getting ahead, dangled over your head 15 or 20 times over the last few years only to be snatched away every time?

The worst part is it started out from a place (I believe anyway) to genuinely help a lot of people, and now, like most political things, it seems to have been twisted to just cause more infighting.

[–] gastationsushi@lemmy.world 2 points 8 months ago

If they wanted to help people the government would pay for college like they pay for the military. But they would rather prop up this lie where students are led to believe they are borrowing money from banks. When in reality, they are paying money to servicers who lend no money and these same servicers have no obligation to repay student debt back to the treasury.

It's a really hard system to defend the more you learn where this money comes from.