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DoE Moves to End PSLF (including retroactive)
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Date: May 18th, 2017 6:40 PM Author: Infuriating Stubborn Clown Orchestra Pit lol, same shit will happen to IBR/PAYE. No way the government takes all this unpaid student loan debt on the chin.
http://money.cnn.com/2017/05/18/pf/college/betsy-devos-public-service-loan-forgiveness/index.html
More than 400,000 student loan borrowers may have placed their faith in a government program with an uncertain future.
The Public Service Loan Forgiveness Program promises to cancel any remaining student debt for those who work for the government or nonprofits if they have been making on-time payments for 10 years. Many teachers, public defenders, Peace Corps workers, and law enforcement officers fit the qualifications. This October marks the 10th year of the program and the first time anyone will have made enough payments to get their debt wiped away. It's unclear how much the program will cost the government when its starts to forgive those debts.
The program has been shrouded in some uncertainty for months. On Wednesday, the Washington Post reported that the Department of Education is planning to propose ending the Public Service Loan Forgiveness Program. The article was based on budget documents obtained by the Post. A public version of the department's budget is expected to be released next week. Congress would have to approve the department's proposed changes for them to take effect. It's unclear whether the Trump administration may propose ending the program for future graduates, or end it for those who have already applied and made qualifying payments. The Department of Education did not respond to CNNMoney's requests for comment, and "had no immediate comment" for the Washington Post.
"It would be absolutely detrimental to those of us who have planned our lives around this program. It would be the equivalent of pulling the rug out from under us," said Daniel J. Crooks III, a government attorney who is expecting loan forgiveness from the public service program in six years. He currently has more than $300,000 in student debt -- after making payments for the past four years. He's moved states to get a better job that still qualifies him for the debt relief. Education Secretary Betsy DeVos has said little on the issue of student debt. She praised President Trump's "skinny" blueprint budget released in March for including an additional $1.4 billion in school choice programs. |
Date: May 18th, 2017 6:41 PM Author: razzmatazz self-absorbed tanning salon legal warrant 180 MAGA. Get the government out of the student loan lending and forgiving business. Next go after the schools. (http://www.autoadmit.com/thread.php?thread_id=3618932&forum_id=2#33338971) |
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Date: May 18th, 2017 6:45 PM Author: Infuriating Stubborn Clown Orchestra Pit The article didn't say they are getting out of the student loan lending business. They are just ending forgiveness so that they have a borrower's entire life to extract repayment. (http://www.autoadmit.com/thread.php?thread_id=3618932&forum_id=2#33338987) |
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Date: May 18th, 2017 6:47 PM Author: razzmatazz self-absorbed tanning salon legal warrant got to start somewhere.
i paid back $270k in student loans without a dime from my boomer parents. I would murder anyone taking forgiveness/bailout money and if my taxes went up to fund such forgiveness/bailout, i would mass murder |
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Date: May 18th, 2017 6:54 PM Author: Provocative Menage Cr (http://www.autoadmit.com/thread.php?thread_id=3618932&forum_id=2#33339042) |
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Date: May 18th, 2017 6:50 PM Author: Exhilarant hospital Just lend people nondischargeable sums of money in exchange for a right to receive 10% of their income every year for the rest of their lives! I guess millennials will just have to adjust to a permanent 10% "education tax" on their income. (http://www.autoadmit.com/thread.php?thread_id=3618932&forum_id=2#33339019) |
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Date: May 22nd, 2017 1:19 PM Author: Passionate geriatric internal respiration shrine People have the right to their BA in Gender Studies. Do you have a better idea how to finance it? (http://www.autoadmit.com/thread.php?thread_id=3618932&forum_id=2#33366841) |
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Date: May 22nd, 2017 1:27 PM Author: razzmatazz self-absorbed tanning salon legal warrant their parents. if their parents cant afford it, they shouldn't go to college or at least be able to major in BS like gender studies. everyone having a degree just makes more schooling necessary in order to be competitive (http://www.autoadmit.com/thread.php?thread_id=3618932&forum_id=2#33366909) |
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Date: May 22nd, 2017 1:31 PM Author: Mind-boggling sinister theatre CR
Also literal retards (down syndrome kids) are getting college degrees these days...like what's the point anymore? To make kids feel better while sucking their parents dry? Schools are more corrupt than banks. |
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Date: May 18th, 2017 6:54 PM Author: Contagious coldplay fan good. fuck them. you shouldnt get your loans paid bc you work for the fucking government or the clinton foundation. (http://www.autoadmit.com/thread.php?thread_id=3618932&forum_id=2#33339044) |
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Date: May 18th, 2017 7:19 PM Author: ultramarine charismatic gaping public bath link to retroactive (http://www.autoadmit.com/thread.php?thread_id=3618932&forum_id=2#33339189) |
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Date: May 18th, 2017 7:21 PM Author: supple stead philosopher-king em to take effect.
It's unclear whether the Trump administration may propose ending the program for future graduates, or end it for those who have already applied and made qualifying payments. |
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Date: May 21st, 2017 3:37 PM Author: floppy lilac volcanic crater field (http://www.autoadmit.com/thread.php?thread_id=3618932&forum_id=2#33359484) |
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Date: May 22nd, 2017 12:57 PM Author: Embarrassed to the bone vivacious chapel This is just a summation of the same wapo story. No mention of applying retroactively. (http://www.autoadmit.com/thread.php?thread_id=3618932&forum_id=2#33366624) |
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Date: May 22nd, 2017 1:00 PM Author: Infuriating Stubborn Clown Orchestra Pit lol, ok, i'm sure it's just coincidence that this is on the table right before the first borrowers get forgiveness. It's critical that they cut this off before anybody gets forgiveness; otherwise, it will be hard to tell any group that they are the first ones losing their forgiveness. (http://www.autoadmit.com/thread.php?thread_id=3618932&forum_id=2#33366653) |
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Date: May 22nd, 2017 1:06 PM Author: adventurous sadistic haunted graveyard trust fund PAYE isn't going anywhere (http://www.autoadmit.com/thread.php?thread_id=3618932&forum_id=2#33366713) |
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Date: May 22nd, 2017 1:08 PM Author: misanthropic house french chef YEEESSSS
Sorry, you educated derelicts. It's either me or you, and I don't have student loan debt, so, yeah, it's you. |
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Date: May 22nd, 2017 1:11 PM Author: cordovan trip dilemma I don't like PSLF, but you can't pull it out from people who have already graduated and have taken jobs based on its existence. (http://www.autoadmit.com/thread.php?thread_id=3618932&forum_id=2#33366757) |
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Date: May 22nd, 2017 1:16 PM Author: Coiffed bisexual immigrant karate remember nearly 95% of those people voted for Hillary
he's gotta cut corners somewhere. |
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Date: May 22nd, 2017 1:20 PM Author: Passionate geriatric internal respiration shrine (http://www.autoadmit.com/thread.php?thread_id=3618932&forum_id=2#33366853) |
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Date: May 22nd, 2017 1:37 PM Author: Doobsian mother *trump tokyo drifts an 18 wheeler over libs* (http://www.autoadmit.com/thread.php?thread_id=3618932&forum_id=2#33367003) |
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Date: May 22nd, 2017 1:18 PM Author: Infuriating Stubborn Clown Orchestra Pit can and will (http://www.autoadmit.com/thread.php?thread_id=3618932&forum_id=2#33366819) |
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Date: May 22nd, 2017 1:18 PM Author: Mind-boggling sinister theatre Lol so glad i paid off my own loans with my own blood, sweat and tears (http://www.autoadmit.com/thread.php?thread_id=3618932&forum_id=2#33366822) |