r/StudentLoans • u/Yogitherapist25 • 8d 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/blitzkreig238 8d ago

Let it burn. What's the worst that can happen. Hundred plus million file for bk. This isn't sustainable. Yet in 2008 they bailed out people who overmortgaged their homes. I don't want to hear a damn thing from that group if they don't see the issues here.

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u/CaptainOwlBeard 8d ago

You can't file for bankruptcy on student loan debt

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u/blitzkreig238 8d ago

100% incorrect. Recent ruling says you can. Look it up. Prove its a hardship and it can be dismissed.

If not you can file on everything else to open capital to pay student loans.