He's hasn't done anything as far as loans but extend shit for votes. Unless your homies are disabled I guess he's helped them
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yeah and niggas bitch about those extension but it allowed people to pay down other debt and build an emergency fund. Also, the months we were in an extension, if you are in a repayment plan those months count as is if you were making payments.
Overhauled a student-loan forgiveness program for public servants
Andreas Rentz/Getty Images
The Education Department on October 6
announced a major overhaul of the Public Service Loan Forgiveness (PSLF) program. It's supposed to wipe out student debt for public servants after 120 qualifying monthly payments, but to date it has rejected 98% of applicants due to deep flaws within the program.
According to the department's
press release, it will implement a limited-time waiver through October 31, 2022, that will allow borrowers to count payments from any federal loan programs or repayment plans toward loan forgiveness through PSLF, including programs and plans that were not previously eligible.
The department said this waiver alone would bring 550,000 borrowers closer to student-debt relief automatically, including 22,000 borrowers who will be immediately eligible for relief without any action on their part, totaling $1.74 billion in forgiveness. An additional 27,000 borrowers could also qualify for $2.82 billion in forgiveness if they certify additional periods of employment.
"Borrowers who devote a decade of their lives to public service should be able to rely on the promise of Public Service Loan Forgiveness," Education Secretary Miguel Cardona said in a statement. "The system has not delivered on that promise to date, but that is about to change for many borrowers who have served their communities and their country."
Other changes, to be rolled out in the next few months, include making payments easier to qualify for the program and reviewing denied applications and correcting errors.
On November 11, Cardona
announced that a month after the reforms were announced, 10,000 borrowers have already gotten $715 million in student debt wiped out, and 30,000 borrowers will get $2 billion in relief in the coming weeks.
And actions
announced on April 19 wiped out student debt for 40,000 PSLF borrowers through revisions to payment tracking progress.
Along with extending the student-loan payment pause for his fourth time, through August 31, the Education Department also
announced it will work to give borrowers who were behind on their debt payments — either in default or delinquency — a "fresh start" and return them to good standing before they would have to reenter repayment.
This would impact nearly 8 million borrowers who fall into those categories, and the measure also extends to borrowers who have privately-held loans, not just federal.
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