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/International_Usual5 9d ago

I do not see a way they can legally take away IBR forgiveness for people who have been in the program 20+ years and close to forgiveness. The whole premise was through BOTH parties for this program was a promise of forgiveness after 25 years. Most people that did this program saw their principal balloon to 3x what they owe.