@lisaremillard: #studentloanforgiveness #studentloaninterest Dept of Education releases new rules to tackle federal student loan interest.

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Region: US
Monday 31 October 2022 22:05:56 GMT
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qualityb67
Qualityb67 :
This is the most important change to the student loan program. It will save thousands over the course of repayment.
2022-10-31 22:23:07
1347
kymechanicswife
Kymechanicswife :
You always break it down to where we can understand. I, for one appreciate you so much!
2022-10-31 22:33:03
411
corplawyermi
Corplawyermi :
FINALLY doing something to address the actual problem here- which IS student loan compound interest and rates.
2022-10-31 23:38:01
272
just.lex93
just.lex93 :
I have always said, obviously, yes, I would LOVE my loans to be forgiven, but if they can't, doing something about the interest would be a HUGE help
2022-10-31 22:43:38
292
jujugills
JuJu La Ru :
The interest made my loans go from 48k to 102k even after paying over 15 years
2022-10-31 23:48:42
110
kennyjenkins8
Kenny Jenkins :
Idk why if you’ve already paid more than what you owe in interest already then your debt should be cleared hasn’t been proposed.
2022-10-31 22:53:45
85
keithisbatman1
user6046349184904 :
is the student loan forgiveness still paused?
2022-10-31 22:34:01
53
seth_forrest4
Seth Forrest :
This is fantastic, not enough but a great step
2022-10-31 22:23:26
50
thepinochle
thepinochle :
will this benefit those with years of interest previously piled up?
2022-10-31 22:21:00
46
music_mother
Music_Mother :
So all this time that payments have been on pause. We have been accruing interest?
2022-10-31 22:37:58
36
oskcoz
KO :
Sally Mae is gonna be hurting lol the interest rates on student loans are terrifying.
2022-10-31 22:26:48
26
thebossybrunette
TheBlessedBrunette :
So are they going to remove the insane amount of interest already occurring? Prorate interest?
2022-10-31 22:35:45
12
cocojollins
Jj :
I used to work for a loan servicer. The interest capitalization rule change is going to help SO many people save it’s insane
2022-10-31 23:39:38
12
alice_inwld
Alice :
I still don’t get it. What does that mean bottom line.
2022-10-31 22:39:20
11
shopontourist
Tourist Products :
Now this is something! The interest rates are insane! This is what needs to be fixed! Loan forgiveness is just a bandaid to a growing problem.
2022-11-01 01:55:16
11
winetacosbooks
Alyssa Chapman :
Removing capitalized interest is the BIGGEST DEAL!
2022-10-31 23:36:22
10
o0lulu
CupofHappy :
Is it true they are sending us the checks instead of just applying it to our loans??
2022-10-31 22:32:16
7
jastheboston
Sarah :
This seems like a better long term solution than one time mass forgiveness
2022-11-01 00:37:16
6
analeekolbeck
Analee :
So there will still be interest, it just won't be added to the principle? There will no longer be interest on interest?
2022-10-31 22:31:23
4
arbitercosplay
Arbiter Cosplay :
20,000 would pay off all my debt and leave me some left over 😭😭😭
2022-10-31 22:46:24
3
shaebli
shaebli :
YES! i owe more in interest than my actual loans
2022-10-31 23:06:47
3
adiamesheltiesstandards
Adiame :
That was all I was asking. I didn’t need the 20k. I’ll take it but this was what I wanted
2022-10-31 23:45:53
3
plantflowers123
plantflowers123 :
Do you know when the loan payments are going to start being distributed?
2022-10-31 23:13:01
3
thatturtle132
ThatTurtle 🇵🇸 :
So that first part, will this apply to private student loans then? Since it’s a policy change/outline
2022-10-31 22:32:43
3
gefr171
Ge Fr17 :
If I buy a house I have pay the loan, If I buy a car I have to pay the loan. but people wants to go to college and have someone else to pay the loan.
2022-11-01 00:33:04
2
meganparoxetine
Megan :
This is a step in the right direction!
2022-10-31 22:26:33
2
klaykerridge
Klay Kerridge lazyKLonghorns :
Just show me where in the constitution it gives the government the authority to loan or manage loans. And where it says they can send money overseas.
2022-10-31 22:28:48
2
renagadepotato
Kelly 🍄 :
About time! That interest is DROWNING me!
2022-10-31 23:17:31
2
basicbitchcooking
BasicBitchCooking :
But they need to remove the capitalized interest already added. I've had $80k added on & never missed a payment.
2022-10-31 22:59:57
2
anthonyolen
Anthony Olen :
Thank you for keeping us so informed!!!
2022-10-31 23:26:42
2
votetosavedemocracy
Here's 2 Second Chan :
Awesome! I’ve been paying for years and can’t make a dent. This will help.
2022-10-31 23:39:53
2
mt72177
Mt :
so you'll just have huge interest bill or does it cap out?
2022-10-31 22:30:57
2
teadrinker95
Jay :
oh thank God
2022-10-31 22:27:55
2
racqueldasani
RACQUEL DASANI💋 :
Login to your account and the real accurate info is on there. Never trust the next person information but your own
2022-11-06 06:44:55
1
nataliablez
nat :
There shouldn't be interest on those loans period
2022-11-08 09:59:56
1
momomo2412
Morgan :
The fact that I don’t understand any of this proves I should have never been given a loan
2022-11-03 23:00:34
1
leah_fieryeyes
Leah :
I agree, interest is the killer.
2022-10-31 22:32:50
1
misterzeng
misterzeng :
I don’t have a student loan, but this is a great loan rule.
2022-11-01 03:30:42
1
lamorak24
Michael D :
You’re the best Lisa! Is there a timeline for how long the forgiveness will be with each court prior to a final ruling?
2022-10-31 22:26:20
1
56elements
56elements :
@paeshe9
2022-11-01 03:09:22
1
tippy1988
Tiffany 😜 :
@gd808119
2022-11-03 23:25:09
1
wiscoteacher
HeidiLynn :
I’m so glad this will happen for borrowers. I JUST started paying exclusively on my principle. The amount I’ve paid in interest is awful.
2022-11-01 03:07:48
1
fartacious
fartacious :
thank you to this administration!!!!🥰🥰🥰
2022-10-31 22:23:52
1
drunkenbarfight
drunkenbarfight :
so this doesn't affect private loans?
2022-11-01 01:28:50
1
lemonzest96
Lemon :
This is incredible
2022-11-01 01:26:40
1
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