- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
0
Posted on 4/19/22 at 4:55 pm to Ghost of Colby
This isn't new. PSLF has been a program for quite some time. It wasn't until the last few years that some of the first enrollees would be eligible for the forgiveness.
With that said, they certainly have recently expanded the rules and policies to include certain types of federal loans that were disbursed prior to the establishment of the PSLF program, so people who weren't previously qualified for the PSLF program can now apply and have their loans forgiven/debt canceled assuming they met the other criteria. This is what that 3rd paragraph alludes to.
Been reading some reports of some physicians(working for hospitals that are non profit) having their loans retroactively forgiven based on the new rules.
With that said, they certainly have recently expanded the rules and policies to include certain types of federal loans that were disbursed prior to the establishment of the PSLF program, so people who weren't previously qualified for the PSLF program can now apply and have their loans forgiven/debt canceled assuming they met the other criteria. This is what that 3rd paragraph alludes to.
Been reading some reports of some physicians(working for hospitals that are non profit) having their loans retroactively forgiven based on the new rules.
Posted on 4/19/22 at 4:56 pm to FLBooGoTigs1
quote:
people that either dropped out of college
I hold a Bachelor's degree and MPA.
quote:
went to Grand Canyon online U
LSU for both degrees
quote:
got shitty arse jobs making less than 40k a year.
First year was 40k but increased quickly from there.
quote:
actual college degree worth a shite.
Using my degree everyday
quote:
The people that are just getting by and could actual benefit from canceling their monthly student loan payment won’t be helped because they make over 50k or more a year.
They can, and I am.
The program began as a way for the public sector to attract talent in other ways that the private sector can't or generally doesn't. What the private sector offers in salary, the public sector makes up with in leave, health benefits, loan forgiveness, etc.
Posted on 4/19/22 at 4:57 pm to GreenRockTiger
quote:
This program has been around for a while (since 2007)
Yeah and it forgives loans for people like teachers. Personally I think it’s a good program
Posted on 4/19/22 at 5:01 pm to tylercsbn9
quote:
Yeah and it forgives loans for people like teachers.
Teachers, librarians, firefighters, police, nurses that work for public schools or public health centers, etc.
Posted on 4/19/22 at 5:01 pm to Ghost of Colby
took a government job in public safety making 38k a year.
There are no free rides in life.
There are no free rides in life.
This post was edited on 7/7/22 at 9:22 pm
Posted on 4/19/22 at 5:01 pm to Ghost of Colby
quote:
40,000 people will have their student loans erased
Debts aren't erased. They are always paid.
Either by the debtor or the creditor. What people don't realize is that the Fed took over student loan business and is the creditor. Where does the Fed get its money? You guessed it.
We the taxpayers will be paying off the worthless degrees of our neighbors
Posted on 4/19/22 at 5:04 pm to Ghost of Colby
As noted, the program has existed for many years already. But 98-99% of applicants were denied.
LINK
LINK
Posted on 4/19/22 at 5:09 pm to Ghost of Colby
They should waive mine as a reward for my hard work getting to the point where I can afford to pay my loans back. But they won’t. I did too well.
Posted on 4/19/22 at 5:12 pm to Ghost of Colby
Didn’t someone do an analysis of this program and found out 1% of applicants actually have their student debt relieved?
Eta:
Source: LINK
Eta:
quote:
The approval rate is low. Among all 1,084,792 combined applications for PSLF and TEPSLF submitted since November 9, 2020, only 14,566 (11,100 for PSLF and 3,466 for TEPSLF) have been deemed eligible for forgiveness, according to February 2022 data from the Department of Education. That means only 1.34% of all applications have been approved. However, 691,794 of those applications were confirmed as on track toward discharge.
Source: LINK
This post was edited on 4/19/22 at 5:15 pm
Posted on 4/19/22 at 6:02 pm to Ghost of Colby
Posted on 4/19/22 at 6:09 pm to Ghost of Colby
quote:Don't you just love the govt and their euphemisms?
the agency said thousands of borrowers with older loans will receive forgiveness through income-driven repayment (IDR) plans
"Income-driven repayment (IDR)" means that if you're too poor to pay back your loan because you have a worthless Gender Studies degree, you pay a percentage of what you owe and the rest of loan will be paid back by the taxpayers
Posted on 4/19/22 at 6:11 pm to GeoSmith
quote:
As noted, the program has existed for many years already. But 98-99% of applicants were denied.
You do know who the president is Right NOW right? Potato head. Trust me that percentage is about to go way down.
Posted on 4/19/22 at 6:13 pm to Ghost of Colby
This really upsets me. It is a scam all the way around the program.
Posted on 4/19/22 at 6:31 pm to LSUFanHouston
quote:
The entire system is broken. It's all a failure.
Another one is employers. Employers requiring degrees when they could simply train the employees on the job. Employers need to do a better job of informing young people they do not have to continue on to college straight out of high school. Instead, they use college as a mechanism to weed out lower skilled applicants, thus perpetuating the lie that everyone should go to college.
The biggest issue is ease of access to loans and no regulation on professor salaries or tuition. We need auditors to actually look at each educational institution that raises tuition if they receive federal funding and see the need, how money was previously spent and where new money will be spent. Only once they pass an audit should they be allowed to request tuition increases if they are receiving government funding.
Posted on 4/19/22 at 6:36 pm to Ghost of Colby
My wife had her loan cleared after 11 years of working a public job and not missing a payment.
Undergrad and MPA degrees
Undergrad and MPA degrees
This post was edited on 4/19/22 at 6:44 pm
Posted on 4/19/22 at 6:50 pm to Rendevoustavern
quote:
Didn’t someone do an analysis of this program and found out 1% of applicants actually have their student debt relieved?
The company/department over this program actively tried to screw people out of payments that would qualify. Change the price by a few pennies, move the date around, wait to process on time payments, etc.
As someone said it was developed as a way to drive people into public service, and then the government didn’t fulfill their side of the partnership.
Then starting to fulfill the the forgiveness is the right thing to do.
Posted on 4/19/22 at 6:51 pm to The People
The OT:
Cops should be paid more, cops should have to have some sort of law degree, etc. Etc.
Govt:
Hey cops we cant pay you more, but we can make some of you college debt go away.
The OT:
frick. These. People.
Its already been said, they just modified a program already in existence because the requirements were stupid and didn't make any sense.
**Disclaimer**
I am not benefitting from this program.
Cops should be paid more, cops should have to have some sort of law degree, etc. Etc.
Govt:
Hey cops we cant pay you more, but we can make some of you college debt go away.
The OT:
frick. These. People.
Its already been said, they just modified a program already in existence because the requirements were stupid and didn't make any sense.
**Disclaimer**
I am not benefitting from this program.
Posted on 4/19/22 at 7:00 pm to kengel2
quote:
The OT:
Cops should be paid more, cops should have to have some sort of law degree, etc. Etc.
Govt:
Hey cops we cant pay you more, but we can make some of you college debt go away.
The OT:
frick. These. People.
It's because when these people bitching hear "government employee" the only thing those words mean to them is a stereotype of the rude and/or lazy DMV or postal worker. Not painting with a broad brush requires a bit of objectivity.
Posted on 4/19/22 at 7:03 pm to GreenRockTiger
quote:
This program has been around for a while (since 2007)
Exactly. Not sure why this is news.
Page 2 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News