Student Loans are Forever T-Shirt
$22.00
I don’t think even death will free you of student loans. They follow you into the next realm.
Even if you didn’t finish college there is no forgiveness, or a refund. Better choose wisely, or your political science major won’t help you to pay off your college loans. After graduating college recently this one really hits home. And, with college loan forgiveness so much in the news this is perfect.
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The Education Department announced Friday it would automatically forgive student loans for more than 800,000 borrowers.
The action is a result of what the department calls a “fix” to income-driven repayment plans. It’s expected to total $39 billion in federal student loan forgiveness.
The department said the move will address administrative issues in the income-driven repayment system. Under the plans, federal student loan borrowers are eligible for forgiveness after 20 or 25 years of payments, depending on the plan. But for some, qualifying payments that “should have moved borrowers closer to forgiveness were not accounted for,” it said in a news release.
