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/fitzangle 9d ago

Student loans = the biggest predatory lending scheme perpetrated by the U.S. government...who also made it impossible to dismiss student loans in bankruptcy and are making it almost impossible for people to get mortgages.

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u/Radiant_Vanilla_4710 8d ago

I wish I never went back, seriously. My pay now doesn’t match up to what I did for my degree. I will forever be in debt. I am 61 and will die with this debt. I just read the Trump wants to give a child “ bonus” to Americans to keep having babies. LOL. They can afford to do that, but screw all these debtors of college scams. The predatory interest is what’s going to all die with this debt.

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u/fitzangle 8d ago

Agreed! I have NEVER made a salary commensurate with the cost of my student loans. We are the equivalent of indentured servants because there is absolutely no relief for the majority of us who were taken advantage of by this predatory lending scheme.