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Trump administration pauses student loan forgiveness with no explanation (www.independent.co.uk)

submitted 3 months ago by BrikoX@lemmy.zip to c/usa@midwest.social

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Income-Based Repayment plans are one of four repayment options offered by the federal government that are calculated by how much a borrower earns

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[–] Krauerking@lemy.lol 4 points 3 months ago

Yeah, I wonder if no one remembers the bragging about how much government revenue was gonna be generated by student loan repayments when they were turned back on. It was one of the things even the DNC agreed on until everyone looked at the math.

The whole income driven repayment plans have actually just been a cost to the US government cause no one makes enough to actually repay. Everyone is losing here while the cost is so high and the debt hangs over everyone's head.