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Department of Education to Automatically Refund Student Loan Payments Made During COVID-19
Posted on 9/14/22 at 2:05 pm
Posted on 9/14/22 at 2:05 pm
LINK
September 13, 2022 | WASHINGTON, D.C. — Following President Biden’s historic student debt cancellation announcement, the U.S. Department of Education quietly revealed this week that borrowers who are eligible for debt cancellation and made student loan payments on their loans during the COVID-19 payment pause will automatically receive a refund on any amount of money they paid, up to the amount of cancellation for which they are eligible.
Approximately 9.1 million federal student loan borrowers have made at least one payment between April 2020 and March 2022, according to the Office of Federal Student Aid. The changes the Department announced this week clarified that borrowers who would have received cancellation on these payments will now have their money automatically refunded when they apply for cancellation. The nearly 1.9 million borrowers who entirely paid off their accounts during this time, including those who refinanced with a private lender, will not receive an automatic refund but can contact their student loan servicer to request a refund.
[/quote]
September 13, 2022 | WASHINGTON, D.C. — Following President Biden’s historic student debt cancellation announcement, the U.S. Department of Education quietly revealed this week that borrowers who are eligible for debt cancellation and made student loan payments on their loans during the COVID-19 payment pause will automatically receive a refund on any amount of money they paid, up to the amount of cancellation for which they are eligible.
Approximately 9.1 million federal student loan borrowers have made at least one payment between April 2020 and March 2022, according to the Office of Federal Student Aid. The changes the Department announced this week clarified that borrowers who would have received cancellation on these payments will now have their money automatically refunded when they apply for cancellation. The nearly 1.9 million borrowers who entirely paid off their accounts during this time, including those who refinanced with a private lender, will not receive an automatic refund but can contact their student loan servicer to request a refund.
[/quote]
23
Posted on 9/14/22 at 2:06 pm to LSUDVM1999
So not only are we outright canceling debt, we're now repaying people who have paid their loans (according to the contracts they signed).
What the frick?
What the frick?
Posted on 9/14/22 at 2:07 pm to LSUDVM1999
WTF is this administration doing.
Posted on 9/14/22 at 2:08 pm to LSUDVM1999
They’re bankrupting us.
Posted on 9/14/22 at 2:08 pm to LSUDVM1999
Tens of dollars involved.
Most people stopped making payments in that time because there was no downside to doing so.
Most people stopped making payments in that time because there was no downside to doing so.
Posted on 9/14/22 at 2:09 pm to Klark Kent
quote:
WTF is this administration doing.
Buying votes
Posted on 9/14/22 at 2:11 pm to LSUDVM1999
They do this, send billions to Ukraine, throw an inflation party in DC and all the while millions of honest hard working tax paying American citizens are struggling with skyrocketing costs of living.
The democrat party ladies and gentlemen
The democrat party ladies and gentlemen
Posted on 9/14/22 at 2:12 pm to LSUDVM1999
Excited to apply for this to get my $200 back since that was my final loan payment during the coco
Posted on 9/14/22 at 2:12 pm to Cliff Booth
How bout I take what they give and still dont vote for them
Posted on 9/14/22 at 2:13 pm to FredBear
Oweo, c on z, Spleen, whatlittleiknowsofar in here soon to tell us all politicians are the same.
Posted on 9/14/22 at 2:16 pm to LSUDVM1999
This is going to be an interesting thread.
"frick you. Pay your debts."
(someone pays their debts)
"frick you too, you piece of shite."
"frick you. Pay your debts."
(someone pays their debts)
"frick you too, you piece of shite."
Posted on 9/14/22 at 2:17 pm to teke184
quote:
Most people stopped making payments in that time because there was no downside to doing so.
Exactly. If you had other debt collecting interest….the smart thing was to not pay on the student loans and shift that to paying off other debt. That’s what I did at least.
These were a second set of loans I took out when I went back to school to keep my nursing job. I already had paid off student loans when I was younger.
And seeing so many get so pissed about this…..makes me getting my loans now forgiven THAT much more sweeter.
Posted on 9/14/22 at 2:17 pm to brgfather129
i don’t think that’s what most in this thread have a problem with.
Posted on 9/14/22 at 2:17 pm to LSUDVM1999
FFS we can’t afford this. Inflation is already insane. Stop spending what we don’t have.
Posted on 9/14/22 at 2:21 pm to Klark Kent
quote:
Oweo, c on z, Spleen, whatlittleiknowsofar in here soon to tell us all politicians are the same.
There is no way a Republican led Dept of Edu. would be doing this.
Posted on 9/14/22 at 2:21 pm to lsunurse
quote:
And seeing so many get so pissed about this…..makes me getting my loans now forgiven THAT much more sweeter.
Dregs of society.
Posted on 9/14/22 at 2:22 pm to LSUDVM1999
BBBBBRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR
Posted on 9/14/22 at 2:25 pm to FredBear
LOL at anyone that thinks only one party in Washington has a spending problem 
Posted on 9/14/22 at 2:26 pm to SuperSaint
but inflation and the recession is here now and what is the current administration doing? or do you want to keep deflecting
Posted on 9/14/22 at 2:27 pm to SuperSaint
quote:
LOL at anyone that thinks only one party in Washington has a spending problem
It's the democrat run Dept of Education doing this. I don't think that, I know it.
So do you
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