The One Time IDR Account Adjustment extended until April 30th, 2024
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- Опубликовано: 20 дек 2023
- Rae Kaplan joins us to talk about an executive order that extends the One Time IDR Account Adjustment. It was set to expire on Dec. 31st, but will be extended until April 30th. You can do a federal consolidation with old loans to newer loans and they will apply maximum credit towards forgiveness, including for public sector loan forgiveness, but also if you are in the private sector.
For more information:
www.financialrelief.com/
I rather pay for my fellow American than some foreign war or pay to let illegals get more benefits than my fellow American like Biden has been. Now more than ever we need to help our fellow American because the government is too busy helping everyone else but us
Look at how much money we give to other countries and yet people complain to help our own .
I think giving $250,000 to every American is fairer. People can pay off their debt no matter what type it is.
So you think it is ethical or moral to use the full force of the Federal Government to force tax payers to pay for your debt? 🤦♂️
I don't need all $250 in fact I would be happy with just$100k.
@@heavyd777They actually never sed anything about paying anything of theirs of at all. Having an American Dream is always just a fantasy & bless their hearts for wishing all to gain from the Government ❤
The average student loan debt is $38,000. The average time it takes to payoff consumer debt is 18 to 24 months.
Get a second job. Get a side hussle. Get on it! Work! Work! Work! Sell some things! Sell that over priced car!! Sell so many things the kids think they are next!
You can payoff your debt and you will feel better about it in the long run!
Stop keeping your student loan around like its a house pet!! Get rid of it! You can do this!!!
Ugh I really can't though, because I'm 35 and have a toddler now. Working is harder. Also no expensive car just a reduculous house payment
XD That's right everybody, just have two jobs and no car! Go go go! Sell plasma! Got feet? Get some pics of those bad boys! This isn't a national crisis, it's just all of you individuals making bad individual choices like driving a vehicle and eating food with your mouth! There's nothing inherently broken in chaining 18-year-olds to $100,000 of debt at a time in their lives when they wouldn't even be able to get a $10,000 loan for a car!
Wow 24 April maybe. Just in time to have an effect on young voters.
What about loans that were initially federal loans that were
So they're talking about a couple of different things here, and they never bring up in detail what they're actually talking about. Basically, if you've been in a period of forbearance or deferment previously it didn't count towards your overall time. So if you work a certain kind of job you get your loans forgiven after certain amount of time, you work a job that the government needs because we don't have enough people? Do that for 20 years and they pay your debt. Except if there's an amount of time during that 20 years, say four, five or seven that you're in forbearance that's not counting towards your 20 years of payments. They're now making all of that time part of your overall 20 years. So these people aren't getting free money, these people are working for the government in jobs that the government needs done but doesn't have sufficient people to do. Likely because they don't pay very well, they're not super desirable positions, there are many reasons that these public servant positions are less desirable. Maybe they're just not what you graduated to do, but you're going to go do it for a period because of the promise that whatever your balance is afterwards, it will be paid. Now in the past they effed a lot of people over who had worked for 20 years, it's the same as when they effed over all of those veterans who were supposed to get college scholarships? Stuff like that. And then they just didn't. They were like. Oh hey thanks for the service, oh yeah that thing we said we were going to do for you? Psych! 😂 So all of this stuff in the news where they're finding ways to honor their own commitment, but make it seem like it's student loan forgiveness? I honestly think it's marketing, propaganda, it's to make you feel good about President Biden and to make you think that he gives any kind of a shit about you and your debts. He doesn't. He's not doing anything extraordinary, the government was supposed to cover the rest of your debts if you worked for them for 20 years. That was the whole deal. That was the agreement. It's great that they're changing it to include forbearance time since a lot of people will have to go into forbearance at some point during their loan. And that shouldn't just stop your clock, because you are still working those jobs, you are still doing what the government wants you to do, but treating this like it's part of the student debt forgiveness pitch is extraordinarily disingenuous.
She didn't really give us good details on how this process works, only that's it's some kind of forgiveness
I had to use my tax return for 3 years to completely pay off my student loan debts… Can I get some of that money back??? (I’m foreal🤨🤨🤨)
The maze of forms you have to navigate to get any forgivemess at all is just awful. No one is really getting anything 'free' at all
Rather quietly?! More like illegally!!!
What kills me I attended for 1 year, 4 quarters. I received 2 thousand a quarter I wood like to know how my loan add up to 35 grand I deferred my loans for about 3 years they been taking my taxes for about 7 years .my loan is higher almost doubled. I don't see how anyone can get out of this debt. they did away with adult education at the jvs now know as ctc, gave no other choice but to go to college, then made it impossible to repay, the average person would have trouble with.
consolidate your loans and do it before April. How long ago was your first loan repayment started?
Imagine believing that other tax payers should be forced to pay for your debt through the force of the Executive office.
It was no problem for any number of previous bailouts
I like it
Hahaha you understand many borrowers would be happy paying their loans. It's the predatory interest rates. Research it then come back and say we don't need loan reform
Imagine the government not helping the people here but spending tax money on other countries wars. Wait we don’t have to imagine 😅
You're paying for the Afghanistans, Mexicans, Venezuelans, coming over the border and their being placed in new homes and given $10,000 each and start up funds. At least this is for US citizens.
fjb
This is ludicrous!
I like it
You borrowed the money, you signed up for it, now pay it back. It should not be the taxpayer's responsibility for your education after high-school.
You're right, they should just pay for migrants instead. We could of cleared everyone's debt by now. Also hope you never need a doctor or a nurse ever in your life, because without people taking out loans and going to school we wouldn't have those.
@kadidai not what I'm saying, snowflake. If you signed up for a loan, you made a promise to repay. Your example you use Doctor well they make pretty good money they can afford to pay back money they borrowed and yes from time to time i do go to the Dr office . You know what? I PAY MY BILLS. Because that's what i promised to do just like when these fkn POS deadbeats signed up for their student loans.
@@kadidaiyeah and those nurses and doctors pay their loans back. What’s your point? You think nurses and doctors just get their degrees and not pay any of their loans back?🤣🤣🤣😭
@@Godbullet98if they work in certain hospitals they will pay them off. They can also get them paid off for working in that field. 🙃
@@Godbullet98You do realize their under the Public Service Forgiveness Plan right? That means their loans are forgiven 😂
Lol so many triggered boomers 😂
Angry W y t males only
Congratulations President Biden! You got this one through! ❤🎉
You are delusional if you think Biden is actually the one doing anything! Lol
Why should I have to pay for somebody that has a college degree are you out of your mind? Forget it
Pay your loam for your liberal arts degree , your fault you got such a lazy degree
Loam? You are the lazy one.
I got a nursing degree and it cost me as much as a house . Interest is reduculous
The male newscaster is a simp.
What's matter not finding any jobs for your bachelor in Underwater transgender basket weaving.
Look at how much money we give to other countries and yet people complain to help our own .
Yes it's sickening. Thank you President Biden