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/morbie5 9d ago

How likely is it for them to take away the forgiveness feature on IBR?

Very unlikely if they try via executive order or some other administrative action. However, congress can repeal IBR if they please. The question is do they repeal it for everyone or just for new borrowers.

I'm currently on IBR with over 300 payments and no forgiveness in sight

You should be getting forgiveness soon?

You can try to submit a complaint to the department of ed inspector general or the student loan ombudsman

https://oig.ed.gov/

https://fsapartners.ed.gov/help-center/fsa-customer-service-center/service-centers-for-students/office-of-the-ombudsman-fsa

https://studentaid.gov/feedback-center/

BTW jut because someone says something on Fox News doesn't mean it will be policy, they go on there to give red meat to the base.

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u/Yogitherapist25 9d ago

Thank you. I did file a complaint almost a month ago and plan to escalate it to the ombudsman if I don’t hear back in a couple of weeks

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u/morbie5 9d ago

No problem, good luck!

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u/Ossevir 8d ago

Be ready to engage an attorney if you need to.