With over 43 million Americans paying off student loans, John Oliver discusses how so many people have come to take on student loan debt, why it’s so hard to pay off, and what we can do about it, mama.

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Here is my response to @CalebHammer during his Financial Audit – Student Loan Debt!

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After 3 plus years Student Loan payments are resuming. The $1.7 trillion in student loan debt will cause those who owe this debt to cut back on spending. This will further slow down the economy. But if you or someone you know has student loan debt there are some things you need to do right now in order to tackle this debt and knock it out as soon as possible. So much for Student Loan forgiveness.

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The Biden administration is launching a beta website for its new income-driven student loan repayment plan Sunday. https://abc7chicago.com/biden-student-debt-loan-repayment-plans-income-driven/13573949/

Imagine having your student loan debt completely wiped out within the next month! It may sound impossible, but for 800 thousand people, this dream is about to become a reality. The Education Department recently announced plans to write off over $39 billion of loans, tax-free, benefiting those who have been burdened by student loan debt for over 20 years.

In this video, we’ll break down the eligibility criteria for the program and reveal the hidden benefits of consolidation. Learn how combining your federal loans could accelerate your journey to loan forgiveness, as demonstrated by real success stories like Kyle’s, who eliminated almost half a million dollars in student debt.

Don’t miss this opportunity to take charge of your financial future. Watch now to explore the path to student loan forgiveness and find out if it’s time for you to consolidate.

*ADDITIONAL READING*

Want a deeper dive? Read our blog post on *How the IDR Waiver Works* available here: https://www.tateesq.com/learn/idr-waiver-adjustment

And on *Should I Consolidate My FFEL Loans to Direct Loans* available here: https://www.tateesq.com/learn/ffel-should-consolidate-direct-loans/

*TIME STAMPS*

00:00 Introduction

01:07 Context & Background

02:07 Explanation of Income-Based Forgiveness

02:48 IDR Waiver Explanation

03:34 Eligibility & Consolidation

05:11 Consolidation Superpowers

06:36 Case Study: Kyle

07:40 Clarifying Consolidation & Waiver

08:23 Outro

*NEED HELP?*

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*CREDITS*

Hosted by Stanley Tate

Produced by Marc Vilarnau

Editing by Marc Vilarnau

Motion graphics by Unai Vellido

Copywriting by Emma Head

Color Correction by Bojan Ilieski

Every year South African students battle rising debt despite their protests for free education. The Walter Sisulu Council has announced a debt forgiveness programme. It allows students to get their certificates so they can apply for jobs. For more, eNCA speaks to the university’s council chairperson Adv. Tembeka Ngcukaitobi. #DStv403

The Biden administration released a new student loan payment plan that would lower monthly payments for millions of borrowers and pause them completely for some. There’s been a freeze on loan repayments throughout the pandemic, but that’s coming to an end in June. The new proposal comes while plans to cancel some of the debt are held up in court. Cory Turner of NPR joined Geoff Bennett to discuss.

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Sen. Elizabeth Warren (D-Mass.) defends President Biden’s student loan forgiveness program and criticizes the Texas court stalling it during an exclusive interview with Meet the Press.

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#ElizabethWarren #Biden #StudentDebt

President Biden’s Department of Education has changed its guidance around who qualifies for student debt relief plan. Cenk Uygur, John Iadarola and Max Burns discuss on The Young Turks. Watch LIVE weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live

Read more HERE: https://www.commondreams.org/news/2022/09/29/gut-punch-biden-pulls-student-debt-relief-millions-gop-states-sue

“Progressives on Thursday decried the Biden administration’s decision to exclude millions of people from its student loan relief plan, a move meant to thwart legal challenges like the lawsuit filed on the same day by six Republican-led states seeking to block President Joe Biden’s proposal to cancel up to $20,000 of federal educational debt per borrower.

Politico reports worries over legal challenges from the student lending industry prompted the U.S. Department of Education to reverse course and no longer allow borrowers with Federal Family Education Loan Program (FFEL) and Perkins loans—which are guaranteed by the federal government but held by private lenders—to participate in the debt cancellation plan.

Biden announced last month that his administration will forgive $10,000 in federal student loan debt for borrowers who attended college without Pell Grants and who earn less than $125,000 individually, or $250,000 as a household. Borrowers who received Pell Grants will have $20,000 in federal debt erased.”

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