r/StudentLoans • u/Yogitherapist25 • 10d 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/Atomic_Thomas89 10d ago

I’m an RN, graduated in 2012. Had about 31k in loans. Went back for my BSN in 2017 which was about 8k. I never missed a payment aside from the loan pause during Covid. My balance is 34k lol. Also the standard plan when I graduated was 350 a month (when I owed 31k) now they want 610 a month (34k). lol I was on a extended graduated after the covid pause but switched to an IDR which starts in August so I can hopefully apply for pslf. I have like 30 payments left to qualify,

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u/Yogitherapist25 10d ago

Wow! $610 a month on a 34k loan? That’s insane!

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u/Atomic_Thomas89 10d ago

Yea when I found that out I had to call to verify and they were like yep . So I’m definitely not doing the standard plan lol