You have to try to make under 32,800. That’s not very helpful to a lot of college grads lol.
Comment on 62% of Student Loan Borrowers Say They're Likely to Boycott Repayments: Poll
OwenEverbinde@lemmy.myserv.one 10 months ago
Anyone signing up for the new SAVE income driven repayment plan?
Apparently if you’re making anything under $32,800, your payments can still be paused.
Mdotaut801@lemmy.world 10 months ago
Toribor@corndog.social 10 months ago
You’re assuming everyone with college loans has a degree which is not always true. Plenty of people take out loans intending to get a degree and don’t make it all the way. Those loans don’t just go away. Now they are paying towards a loan while having none of the benefits from having a degree. Plenty of people with a degree stop working to start a family.
It’s pretty easy to understand why many people with student loans might be making less than ~$30k a year if you think about it a little bit.
shastaxc@lemmy.world 10 months ago
Only the ones with philosophy degrees
MajorHavoc@lemmy.world 10 months ago
I’m glad to hear that’s in place. It’s almost literally the least we found do. It’s wild that we needed a law for that.
I would be surprised if there’s many people in the US earning under $32.8k and successfully making every loan payment, anyway.
Seems like the program just acknowledges what ought to happen anyway.