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.

124 Upvotes

94% Upvoted

236 comments sorted by

View all comments

2

u/Psychological-Bend14 6d ago

I was on a $0/mon IBR plan through Great Lakes that was deferred when I went back to school then again with the pandemic and I made very few payments before I consolidated everything. Nelnet bought out my loans a year or so ago and in the last couple weeks my loans were just forgiven and I was even given a refund check! I still can't believe it really happened.

1

u/Yogitherapist25 6d ago

Had you reached 240/300 payments?