When Catherine Bolton retired earlier this year, she entered her golden years with an obligation she’d hoped she would be done with by now: roughly $40,000 in student debt.
Advocates and members of Congress, including Democratic Senators Chuck Schumer and Elizabeth Warren, are urging the Biden administration to extend the payment pause, based on concerns that the student loan system isn’t ready logistically for payments to resume and that borrowers aren’t financially prepared — a recent survey of 23,000 borrowers by Student Debt Crisis, an advocacy group, found that nine in ten borrowers say they won’t be ready to restart payments on their student loans on October...
In addition to pushing for sweeping changes ahead of the end of the payment pause, stakeholders are also concerned the student loan system isn’t ready operationally for bills to resume. The October resumption of payments will involve many more borrowers than those natural disasters. “ ‘We’re going to lose a generation of student-loan borrowers who are never going to be able to get back into the system.’ ”
Scammed students still waiting for relief The challenges that public servants like Bolton face accessing relief they’ve been promised are indicative of broader problems with the student-loan system, including that borrowers are forced to navigate “overly restrictive” rules that are poorly communicated, Yu said.
Advocates say that before the student-loan system has turned its back on borrowers who are owed discharges, including public servants, students who were scammed by their schools and borrowers who are permanently disabled, should have their debts wiped away.
Cancel and refund all those who have already paid?
You borrowed, pay it back. End student loans and everyone who has take one out prior pays it back
And POTUS will lose to Trump2024
Why? Why is this even a discussion? Cancel healthcare debt should be the discussion!!
I want reimbursement of every penny I have already paid
“Cancel student loan interest” Should be the argument. And if it was, they’d win that one.
Ill just pay my debt when u fools cover. Can you say F T D. AMC
this is terrible news
I find it interesting that some people exhibit schadenfreude when the topic of student loan forgiveness is brought up...
Pay your debts people! The rest of us had too
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i paid mine. you pay yours. what they should do is cut the interest on the loans, NOT the loans.
Home about people just repay their debt and stop looking for a hand out. Good lord!
nice
I've heard this song before.
There are many jobs. Work.
Some (bad) ideas never die.
Lucky us over Here where Education is basically free. If you suffer from the effects of lower income, you get payed to go to university by a law called BaFöG