My partner was eligible for ~$750 per month repayments under a Biden era plan that Trump scrapped. They now have to pay ~$4300 per month. The headline isn’t far off.
Last month, a federal judge blocked the Biden administration-era SAVE plan, an income-driven student loan replacement program with 8 million borrowers, claiming it lacked the authority to forgive millions of dollars in debt. In response, the Trump administration paused all applications for income-driven repayment plans and online loan consolidation, leaving some borrowers in limbo struggling to make ends meet.
$5000? …A month? A sudden rate increase 10 times the agreed amount? This smells like rage bait. We are not in post-World War I, Germany, yet.
You are post world war germany. Namely 1933. Wake up.
My partner was eligible for ~$750 per month repayments under a Biden era plan that Trump scrapped. They now have to pay ~$4300 per month. The headline isn’t far off.
The fact that it’s bad doesn’t make it impossible.
I mean… There’s a full article explaining the cause for the increases, it’s not like there’s no reasoning provided.
The article says the loan costs have increased and gives lots of examples.
It doesn’t explain why the increases have happened.
Try again. It’s the 4th paragraph.
Maybe cause of the 5trilion the US market has lost?
I don’t see the connection between the stock market falling and student loans being more expensive.