My son says something about another $20k for pell grant recipients. Anyone know this part?
Just that it might happen
Is it
A 20+10=30
B 20 max w Pell
No one knows just rumor no details
that sounds like they were federal loans to begin with, and they would still be in play for bidenās executive orders etc. consolidation and sale of the loan to a private servicer is irrelevant
He thinks he found that itās up to 20 total. He has 25 so thatās awesome.
(He went back on his own dime after spectacularly not completing any classes his first go round, bank of Dad helped out with some living expenses but not with school when he eventually went back).
interesting, thatās not something iāve seen, but i guess they are explicitly saying you are not eligible
They sure as fuck didnāt means test PPP loans
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$500 billion in PPP loans were forgiven and it got approximately .01% of the criticism that 500B in student loan forgiveness is getting
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Looks like maybe deferment until end of year?
one. final. time.
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Anyone know if there is a household income limit for this if you file jointly?
How stupid to include this.
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You already said it.
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You can just keep fucking dangling the carrot indefinetly and get x% of people to vote for you and your team on it.
Holy shit.
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lol i think iām gonna be barely over the income depending on what year they choose, oh well, i only got like $5k in debt, only reason i havent paid it off is because the interest is low and it lengthens my credit history, dont actually care one way or another, i dont need forgiveness
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Likely double. That tends to be how these normally work
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Also, really concerning that he does not call this a tax-free forgiveness in the announcement. Most people cannot afford to add an additional 20K of income to their taxes and pay the hit, especially 9 months into the FY
My understanding is that in the Congressional bills they just passed they have some explicit provisions that say education debt forgiveness is considered tax free
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Havenāt read any more details that the Tweet posted above, but this seems significantly better than just the $10k limited to income <$125k that was discussed yesterday.
Limiting payments to less than 5% of income seems like a big deal.
Confirmed 250k household.
Other info here, just reading now
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