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.
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.
No, but it sets off “potential bs” alarms. It doesn’t matter whether you agree or disagree with it, headlines tend to misrepresent for clicks, this is just the truth.
My university costs increased over the years to almost double of what I paid on the first years, I wasn’t on debt, the cost of monthly payments just increased every semester.
$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.
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.
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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.
No, but it sets off “potential bs” alarms. It doesn’t matter whether you agree or disagree with it, headlines tend to misrepresent for clicks, this is just the truth.
FTFY
Interesting, see I would have translated it as
But i suppose I’m not fluent in lemming so what do i know.
My university costs increased over the years to almost double of what I paid on the first years, I wasn’t on debt, the cost of monthly payments just increased every semester.