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#studentdebt

1 post1 participant0 posts today
Richard

With the Save Plan out the window, I've been waiting and, finally found new-to-me info #StudentLoans repayment plans:

"a standard repayment plan that allows borrowers to repay over 10 to 25 years based on their loan amounts regardless of income. The other is a 'Repayment Assistance Plan' based on borrowers pay monthly payments between 1% and 10% of their discretionary income."
usatoday.com/story/news/educat

The RAP is far more generous than I was expecting.

USA TODAY · What will student loans look like after Trump's spending bill is signed?By Anthony Robledo
#StudentDebt
RaymondPierreL3

If as reported by Independantaustralia.net :
“Inflation declined again in April to 2.34%, making three consecutive monthly falls and nine months within the Reserve Bank’s optimum band between 2% and 3%. That’s the best run since monthly records have been kept.

Core inflation was 2.8%, within the optimum band for the fifth consecutive month. Interest rates were cut again in May to 3.85%, with further reductions likely soon.”

WHY then, pray tell, has my #HELP debt increased by 3.2% in on 01Jun25?
Is #StudentDebt meant to turn a #Proffit ?

WTF? I can’t wait to find out what seemingly arbitrary #CPI increase my #pension will deserve this new financial year.

#AusPol#HELPDebt#ATO
JamesWNeal

If you don't even talk about principal vs. interest, you shouldn't be talking about whether the "loan" still needs to be paid back. If you don't know what the interest rate is, you don't know if a loan is predatory.

But hey.

(DOE) U.S. Department of Education to Begin Federal Student Loan Collections, Other Actions to Help Borrowers Get Back into Repayment
Collections to Restart May 5th, Struggling Borrowers Urged to Act Now #studentloan #studentdebt

ed.gov/about/news/press-releas

U.S. Department of EducationU.S. Department of Education to Begin Federal Student Loan Collections, Other Actions to Help Borrowers Get Back into RepaymentThe U.S. Department of Education announced its Office of Federal Student Aid (FSA) will resume collections of its defaulted federal student loan portfolio on Monday, May 5th. The Department has not collected on defaulted loans since March 2020.
Kim Perales

"We just got wind of Republicans' higher education bill text for reconciliation. We skimmed it. It's the most dangerous Higher-Ed bill in history.

It strips the Dept of Ed of virtually every authority to CXL student debt. Eliminates every repayment program. Abolishes subsidized loans."
-Debt Collective

"The judge compared the administration’s dismantling of the agency to when his kids ‘would throw a party at the house.'"

#ED #StudentLoans #StudentDebt #Fascism #USPol
edweek.org/policy-politics/jud

The U.S. Department of Education in Washington pictured on Friday, March 28, 2025, during a rally to support departing employees.
Education Week · Judge Casts Doubt on Trump’s Authority to Gut Education Dept. StaffTwenty-one states and a coalition of unions and school districts are challenging the president’s dismantling of the Education Department.
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