Biden to cancel $10k of fed. student loan debt

[gabeoz 7,915]

I just applied for fed loans  I hope it applies but it probably wont

[EGOT2027 10,966]

while this is better than nothing, it’s so funny how this literally proves how fake all of this stuff is in the first place lol

[En_Sabah_Nur 9,366]

I owe 8K in remaining student loan debt, so WOOHOOOOOO!   

 

[APPLAUSE4YOU 454]

Right when I only owe two thousand of course! Great timing!

[high culture 2,362]

Cancelling all this debt only does so much without fixing the systems that created all this debt in the first place

[RAYA.core 828]

submitted my borrow defense application on studentaid.gov for this fingers crossed. i went to AI *art institute* they definitely had allegations.. court.. and closed 

[Ceres 3,342]

For me personally, it’s more that the jobs I’ve been getting / searching for don’t add up to make back what I owe in loans. I know there’s 50 more pieces to the overall issue as well. 
 

I did everything “correct” as in working throughout college with minimum wage jobs, got a job right after graduation in my field… and I’m still paying over 500/no in loans (pre-pandemic), and suffering due to it. I’ll most likely refinance if it comes down to it. 
 

Any relief is good relief, but once we have to start paying back loans , there’s going to be *many* people who now have houses, cars, children, medical bills due to pandemic and whatnot- all will financially suffer 

[RAYA.core 828]

my thing also is not just the signing on the dotted line but the promises used to scam students especially private owned institutions. career service for life, i was a fool and they would never help find me a job. having no credit to the statistics of students they collected, their turnover rates, all of that which should have been on the look out for. plus the harrasement of joining before the next quarter when all of the classes were on a rolling basis. 

[lilboyblue 6,041]

Just curious. How much student debt does one usually accrue at the end of a 4-year degree in the US?

[RAMROD 116,994]

1 hour ago, lilboyblue said:

Just curious. How much student debt does one usually accrue at the end of a 4-year degree in the US?

Depends on the student 

If you are an undergraduate student, the maximum amount you can borrow each year in Direct Subsidized Loans and Direct Unsubsidized Loans ranges from $5,500 to $12,500 per year, depending on what year you are in school and your dependency status.

Among those who borrow, the average debt at graduation is $25,921 — or $6,480 for each year of a four-year degree at a public university. 

[shelby loved 384]

It's laughable. What a hack.

[Reginald 13,841]

16 hours ago, StarstruckIllusion said:

Midterm chances going: 📈📈📈

It has been an incredibly rocky road  but it feels like this administration could finally be getting its act together. Is Biden approaching his ASIB era? 

[rasclautmangos 2,746]

This is great news for me! I know a lot of people aren't happy though.

[Morphine Prince 109,645]

New details: 

 

[StarstruckIllusion 53,562]

28 minutes ago, Morphine Prince said:

New details: 

 

“Up to” Lol how unlucky do you have to do get less than $9,990k of relief? Sigh it’s getting slimy…