101

Trump’s Dismantling of Student Loan Aid Is Crashing Down on Debtors This Week (truthout.org)

submitted 1 day ago by rss@news.abolish.capital to c/pravda_news@news.abolish.capital

7 comments fedilink hide all child comments

“It is so much money,” Jacqueline Wheelock said to me about the monthly payment amount she will soon be forced to pay for her student loans. Until last summer, she wasn’t thinking about this bill. Under the repayment plan known as SAVE (short for Saving on a Valuable Education), she could afford her payments, so she made them, month after month, never missing one or paying late. At the lowest…

Source

From Truthout via This RSS Feed.

top 7 comments

sorted by: hot top new old

[-] Sanctus@anarchist.nexus 27 points 1 day ago

I stopped paying mine. Can't even login to adjust it cause it says I dont exist, then I get an email urging me to adjust it. Fucken clown show.

[-] lIlIlIlIlIlIl@lemmy.world 6 points 1 day ago

Can they garnish your wages, or will it just go to collections forever?

[-] Sanctus@anarchist.nexus 9 points 1 day ago

I've no idea

[-] WalleyeWarrior@midwest.social 5 points 23 hours ago

I'm in the same spot. Nearly a million student loans are going into default every quarter. It's very quickly about to be "not my problem" since there is no way that the Federal government will be able to justify garnishing the wages of the working population under the age of 40 during the incoming recession.

[-] Sanctus@anarchist.nexus 5 points 21 hours ago

It became not my problem the minute they took away the plan I could afford. Then again when I tried to login to check it and was met with a "your account doesnt exist" okay cool. I'm down with that.