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340

Source: https://www.forbes.com/sites/adamminsky/2026/01/05/7-million-student-loan-borrowers-likely-to-see-payments-jump-very-soon/

From the post:

>More than seven million borrowers may soon see their student loan payments skyrocket as the Education Department implements a settlement agreement that ends the SAVE plan. Last month, the Trump administration entered into a settlement agreement with the state of Missouri and other GOP-led states that had brought a legal challenge over the SAVE plan, a Biden-era repayment program that offered reduced payments and fast-tracked student loan forgiveness. That settlement is still pending court approval, but once it is finalized, millions of borrowers with student loans enrolled in SAVE who have been in a no-payment forbearance for more than a year will likely be forced back into repayment.

Source: https://www.forbes.com/sites/adamminsky/2026/01/05/7-million-student-loan-borrowers-likely-to-see-payments-jump-very-soon/ From the post: >>More than seven million borrowers may soon see their student loan payments skyrocket as the Education Department implements a settlement agreement that ends the SAVE plan. Last month, the Trump administration entered into a settlement agreement with the state of Missouri and other GOP-led states that had brought a legal challenge over the SAVE plan, a Biden-era repayment program that offered reduced payments and fast-tracked student loan forgiveness. That settlement is still pending court approval, but once it is finalized, millions of borrowers with student loans enrolled in SAVE who have been in a no-payment forbearance for more than a year will likely be forced back into repayment.

(post is archived)

[–] • 2 pts

Let me get this straight:

Enroll in program that has reduced payments. Make those payments for X years without fail, we'll call you a useful member of society and cancel the rest.

OR

Enroll in program that has reduced payments. Don't make payments. Surprised Pikachu when you get dropped from the program.

[–] • 1 pt

Also, they will garnish your wages because you expected them all to be "forgiven" anyway and didn't even make a slight attempt at paying them off. Not even $10 a month because of "reasons".

[–] • 1 pt

Yah. Got into it with someone here about that who was taking the non-payment side. I mean, I understand, those loans can be predatory, but as you said. They didn't even attempt to pay anything expecting someone else to pick up the tab and clean the mess. If you don't understand what the word "loan" means by the time you're 18, you probably shouldn't be going to college.

I know a few people who had some loans and hit them hard during that time. Paid them long ago, free and clear no interest or bullshit.

[–] • 1 pt

Pay your bills deadbeats. I worked full time in college to pay my loans off before I even graduated. Fuck them.

[–] • 2 pts

Story. The last girl I dated before meeting my wife was 120k in debt with ASU. She changed her major 5 times and was flunking her most recent one when I left her. Sad part is she was the most normal and "wife material" of all the lot prior to my wife. I wound up moving on not even because of the debt but because she couldn't wipe her ass.