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Student Loans: Borrowers should plan to resume payments in January 2023 (ed.gov)
2 points by walterbell on Oct 17, 2022 | hide | past | favorite | 2 comments


The election will be over. The recession will be starting (again?) or hitting full stride. We've sent gazillions to Ukraine, which ironically lengthens the war and the associated economic fallout. And now it's time to pay again?

Serious question: What happened to the Democratic party?


> The election will be over.

And the massive one-time catchup for public service loan forgiveness will be complete, and the broader forgiveness program will be largely complete for timely applicants for whom DOE has current income information, and in income verification for much of the rest of those eligible. And for everyone who still has to pay after all that, the new income driven plans that have a capped period, take a lower percentage of discretionary income, and count more income as discretionsary will be available.

> The recession will be starting (again?) or hitting full stride

Maybe.

> We've sent gazillions to Ukraine, which ironically lengthens the war

Russia’s ongoing regional war of conquest that started not later than the invasion of Georgia from which it has not still withdrawn in 2008 is not going to get shorter or have less economic consequences for the US if they manage to steamroller Ukraine in part because Western support collapses now.

> Serious question: What happened to the Democratic party?

They... set up a system which wipes out an enormous share of student debt off the bat, and makes it much easier to deal with what remains, where the people who most needed the pause will, if they still have any debt when it is done, still not have any payments due, but also be ticking down their maximum repayment period.




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