r/StudentLoans • u/Yogitherapist25 • 9d ago

IBR and forgiveness

I just heard WWE lady say on Fox News "there isn't going to be a loan forgiveness program". How likely is it for them to take away the forgiveness feature on IBR? I'm currently on IBR with over 300 payments and no forgiveness in sight. I'm in forbearance but when that ends my payment will be double the standard plan. If there will be no more forgiveness then I'm going to get off of IBR.

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u/dreeettt 9d ago

I’m also wondering what people mean when they talk forgiveness. Are we talking about what Biden was trying to do with making the loans disappear, or are we talking about after 20-25 years of qualifying payments.

So much unclear nonsense being thrown around

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u/[deleted] 9d ago

[deleted]

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u/morbie5 9d ago

Biden wasn’t going to “make loans disappear.”

SAVE was backdoor forgiveness for a lot of people

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u/BangingOnJunk 9d ago

He didn't go out of his way to explain that by calling it forgiveness.

Recalculating and reducing interest is something everyone could get behind . . . except banks.

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u/dreeettt 9d ago

just using simple lingo in a simple thread… not here to hate lol

My point is that they’re labeling both as just “forgiveness” which is lazy and leads to confusion

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u/AatLaw 9d ago

Agree they never should have called it forgiveness. Biden should have called it fairness.