• OwenEverbinde
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    1 year ago

    Anyone signing up for the new SAVE income driven repayment plan?

    Apparently if you’re making anything under $32,800, your payments can still be paused. (The number is higher if you have kids to feed)

    • MajorHavoc@lemmy.world
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      1 year ago

      I’m glad to hear that’s in place. It’s almost literally the least we could do. It’s wild that we needed a law for that.

      I would be surprised if there’s many people in the US earning under $32.8k and successfully making every loan payment, anyway.

      Seems like the program just acknowledges what ought to happen anyway.

      • Toribor@corndog.social
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        1 year ago

        You’re assuming everyone with college loans has a degree which is not always true. Plenty of people take out loans intending to get a degree and don’t make it all the way. Those loans don’t just go away. Now they are paying towards a loan while having none of the benefits from having a degree.

        It’s pretty easy to understand why many people with student loans might be making less than ~$30k a year if you think about it a little bit.