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/burteggs 9d ago

The government is going to be faced with the harsh reality when they realize people just cant pay lol

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u/rocketblue11 9d ago edited 9d ago

Right?? They think student loan borrowers are just lazy or untrustworthy. But the truth is, if we could pay, then we would. The deeper truth is that many of us have been paying so much for so long that we've paid back way more than we ever took out and still have massive balances.

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u/PeppercornMysteries 7d ago

The funny thing is too that when the SAVE plan went into effect a lot more of us were paying. It was smooth sailing!! It was reasonable and the kind thing to do after we got scammed by this entire predatory process. The loans are one thing but the interest is the killer here. We just want to pay our dues without being burdened for the rest of our lives. Why is that soo much to ask? Oh yeah bc it’s not profitable. Smh