What’s funny is that Biden is still forgiving student debt anyway — using statutory authority left intact by the Supreme Court’s obstruction of his original approach. After 25 years of mostly working at nonprofits, I just had my remaining balance canceled without even having to ask for relief.
Not a "gotta hand it to Biden" guy but if it was up to Biden he would have forgiven the debt. It was up to the conservative SCOTUS, which agreed with Republican AGs that he couldn't do it.
The Biden Administration has made SAVE retroactive for 10 years, meaning that anyone who took out less than $12k of student loans and has been repaying for 10 years IMMEDIATELY has rest of their students loans cancelled. Community college students will receive most of this relief.
Spread the word!
Congrats!
By the way, if you do know anyone who is willing to "ASK" for relief, there is a great tool from @debtcollective.bsky.social that generates a letter to request relief under existing statutory authority. It takes less than 5 minutes. :)
Hi Miri! You should be able to see it from the front page of debtcollective.org
There should be a big blue box that says "Cancel Student Debt" and that will explain more.
But that's what you got. You got loan forgiveness from public service.
You are trying to tell me Biden just addressed you personally and forgave your debt? Where is my $150k then?
You’re quibbling with something I didn’t say. As I noted, he’s using available statutory authority — including PSLF, to make my meaning explicit — to secure some of the policy outcome he sought. When you argue “this already existed,” you’re agreeing with me.
20 years of loan payment forgiveness also already existed as a policy.
Like, basically the *only* thing the admin did for you was fill out your paperwork for you since you didn't know it was availabel.
Again, I did know it existed; the administration is working to make it self-executing, rather than requiring the submission of copious paperwork. But that’s a policy change! Surely you don’t argue that the program was self-executing before.
i have a friend in a similar situation to what you describe who i'm not sure will qualify under the exact letter of PSLF but def has over 10 years of nonprofit experience. did you do *anything* or it just magically vanished?
I woke up in the middle of the night Pacific time with a bunch of emails blowing up the two client apps on my phone, and I opened one to find a message about one of my Stafford loans. Thinking that autopay might have failed, I logged in to check, and … (*poof*) they had all gone.
that is amazing! so glad for you. I'll let my friend know ~things are mysteriously happening~ but she should probably still try to apply for PSLF just in case
wow! that's wild. I spent 2012-2022 diligently submitting PSLF paperwork every year and it did get forgiven last year (yay!) but I am extremely detail oriented and admin-minded. glad others are getting relief w/o all the rigmarole.