Pandora012
Member
Hopefully it's stopped as I literally do not know what to do with out it. I planned to use it. My current job is because of the program.
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WaPo - ED budget proposes elimination of Public Service Loan Forgiveness
- Thread starter Cagey
- Start date
Hopefully it's stopped as I literally do not know what to do with out it. I planned to use it. My current job is because of the program.
disillusion386
Member
I remember reading that article a few months back, but I think it touches on a different issue entirely. The ED definitely fucked up by saying people qualify then reneging, but the nonprofit organizations the plaintiffs work for aren't 501(c)(3)s so they needed to be qualifying public services, which aren't explicitly defined. I'm not excusing the ED's actions on these cases, but it's different from a wholesale cut of the PSLF program.
Douche McBaggins The 3rd
Junior Member
When are we going to start boycotting Devos along with Amway? Get both of them at the same time.
shawnbuddy
Member
Do you really think this would happen if we had a Democrat in control of the Whitehouse or one or more bodies of Congress? This is entirely because of voting.
Pandora012
Member
I think the only thing Dems would have done where either leave it alone, or try to do what Obama wanted which would create a maximum amount covered. I think I read it was supposed to be about 60k.
Yep, which coincidentally is the average debt. That said it's still an enormous amount, as generally after 10 years of qualifying payments the remaining debt to waive is likely less.
SlickShoesRUCrazy
Member
Can never say it enough, fuck devos. piece of shit.
MastaKilla
Member
As somebody who did not come from a privileged background and has a shitload of law school debt to pay off.. this is scaring the shit out of me. I have been working in the public interest sector with the understanding that my debt will be forgiven. This fucking sucks if it happens.
pokeystaples
Banned
My wife is a medical humanist and ethicist and has been sticking with a qualifying hospital to help pay off her student loans. Every single day is some new fuckery I fucking swear.
timetokill
Banned
Probably half the reason the GOP wants this tbh
Yeah, it'll be fucking terrible. I've worked in admin at orgs that qualify for this program and I'm always happen to complete and sign the forms for people. Lots of talented people are utilizing this program to do great work in orgs that need them.
Someone once told me the loan forgiveness programs were written into the loan contracts themselves and that they couldn't legally remove people who were already on the program.
I have no idea if that's true, but as someone with 6-figure student loan debt who has been working exclusively in non-profit pediatric hospitals at a pretty reduced salary I'm hoping they can't just take this away.
I have no idea if that's true, but as someone with 6-figure student loan debt who has been working exclusively in non-profit pediatric hospitals at a pretty reduced salary I'm hoping they can't just take this away.
Zoe
Member
PSLF is a separate program.
Nobody received a loan under one of the forgiveness plans. Your loan will be transferred if you complete the pre-qualification process, but nothing about the original loan changes.
Republican politician waking up:
*yawn*
"Looks nice out"
"What absolutely awful evil ridiculous thing can I do today?"
"Ok! Lets fuck over millions of Americans that chose public service and based a zillion of their subsequent life choices on what I'm about to change!"
*What a day!*
I fucking loathe these people. Fuck. All. Of. Them.
*yawn*
"Looks nice out"
"What absolutely awful evil ridiculous thing can I do today?"
"Ok! Lets fuck over millions of Americans that chose public service and based a zillion of their subsequent life choices on what I'm about to change!"
*What a day!*
I fucking loathe these people. Fuck. All. Of. Them.
Arrogant Bastard
Banned
Damn, this is gonna hurt a bunch of friends/family that I know. They were depending on this to remove loan debt.
Four_Chamber
Member
Well, looks like I have to change my loan repayment strategy...I'm 60+ payments into PSLF.
Plinko
Wildcard berths that can't beat teams without a winning record should have homefield advantage
I wouldn't change it up quite yet--several lawsuits are forming around this and I think those of us in the program have a strong case. I know how you feel, though--I'm over 90 payments in
I would have definitely paid more over that time had this not been promised.
Arrogant Bastard
Banned
Honestly I haven't even thought much about this. I'm on a income drive repayment plan, I pay $350 a month which is about $200 more than required. Do you have to do anything to set up the PSLF or just pay 120 payments?
Triplicates
Member
Education, especially law degrees shouldn't be that expensive. It's unfair because it pulls the rug from out under the feet of people who have planned lives around PSLF, but something needs to be done. Perhaps adding in a long grace period would be helpful so you can telegraph this change, putting everybody on notice.
Zoe
Member
You should get your status confirmed: https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancellation/public-service
But nobody has turned eligible yet, so no one knows what comes next.
Just in time for me to graduate from a professional in 3 months with six figure debt and a five figure salary. I was planning on using this program to pursue my profession without being controlled by my debt, but fuck it I guess. Life sucks.
It's not like I planned the rest of my life and my acceptance of this debt and entry into grad school based on this program or anything.
It's not like I planned the rest of my life and my acceptance of this debt and entry into grad school based on this program or anything.
Arrogant Bastard
Banned
Plinko
Wildcard berths that can't beat teams without a winning record should have homefield advantage
Arrogant Bastard
Banned
Cool might as well, I had planned on paying this off in less than 10 though. I can alter my repayment plan if it means the government pays off a chunk of the $30k I have.
Jeronimo Jones
Member
Update:http://www.slate.com/blogs/moneybox/2017/05/23/trump_s_budget_would_kill_the_public_service_loan_forgiveness_program_for.html
According to language in the budget proposal, if it was to pass, "all changes to student loans would apply to loans originated on or after July 1, 2018, except those provided to borrowers to finish their current course of study", which effectively grandfathers older loans.
According to language in the budget proposal, if it was to pass, "all changes to student loans would apply to loans originated on or after July 1, 2018, except those provided to borrowers to finish their current course of study", which effectively grandfathers older loans.
Zoe
Member
There are still the Teacher Loan Forgiveness and Perkins cancellation programs.
As someone hoping to use PSLF I'm relieved but still want to make sure the program stays in place for future generations.
GoldenEye 007
Member
Now, they've gone TOO FUCKING GOTDAMN FAR.
I am mad and dismayed at this administration's continued inability to a display a basic form of empathy to everyone that doesn't make $250,000+ per year. This could sink the economy faster than the cuts to the poor and flush whatever winning chances Repubs had going into next year.
Say what you want about Obama but he gave the common man a bunch of legislation that this administration refuses to support. This is what happens when you elect someone, Betsy Devos, to a position that they are truly unqualified for.
I am mad and dismayed at this administration's continued inability to a display a basic form of empathy to everyone that doesn't make $250,000+ per year. This could sink the economy faster than the cuts to the poor and flush whatever winning chances Repubs had going into next year.
Say what you want about Obama but he gave the common man a bunch of legislation that this administration refuses to support. This is what happens when you elect someone, Betsy Devos, to a position that they are truly unqualified for.
Zoe
Member
The PSLF was actually established under Bush.
sir_kevith
Member
With the amount of lawyers who are depending on this I hope that everyone affected can earn this. 10 years is a long ass time and you have to be on time with these payments.
Sessions probably wants to send grads to jail when they can't afford to pay their loans.
Sessions probably wants to send grads to jail when they can't afford to pay their loans.