Student Loan Forgiveness Could Be in Trouble! Here’s What You Need to Know
Source:pexels
Is Student Loan Forgiveness About to Get Axed?
Senate Republicans dropped a bombshell bill, and if you’re counting on forgiveness, it’s not looking good.
Source:pexels
Your Income Based Plans? On the Chopping Block
ICR, PAYE, SAVE… they might all go. You’ll get pushed into stricter repayment with bigger bills and longer terms.
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Repayment Assistance Plan Is Not So Helpful
Sure, they cap interest. But payments could still rise. And forgiveness? Not before 30 years. Seriously?
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Public Service Forgiveness? Now with More Loopholes
Medical and dental residents could lose PSLF access. The rules are altered each time you get a break.
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Borrower Protections? They’re Gutting Those Too
School shuts down or scams you? Don’t expect help. This bill wants to cut protections and block future forgiveness plans.
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Parent PLUS Loans? Yep, They’re Coming for Those
Graduate PLUS gone. Parent PLUS slashed. And income-based options? Forget it, they’re locking parents out.
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What Now? Don’t Look Away
It’s not law yet. But with the House and Senate aligned? Borrowers need to stay sharp. This fight isn’t over.
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