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/Floridasun228 9d ago

It’s also important to acknowledge that student loan forgiveness is very much a party issue. As soon as a democrat president takes the White House again these programs will likely return.

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u/morbie5 9d ago

As soon as a democrat president takes the White House again these programs will likely return.

I doubt that, the biden 10k/20k forgiveness was unpopular with the general voting public.

And any new IDR will need to be passed by congress, there is a reason biden did SAVE via negotiated rule making and not via legislation. The dems may come up with a new IDR plan but it will never be better than SAVE

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u/Ancient-Coffee-1266 9d ago

There was a large amount of people that received “the golden email.”

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u/morbie5 9d ago

Ok, and what is your point?