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this post was submitted on 08 Apr 2024
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politics
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My wife qualifies under #2, so that's good! Not sure about #1. She still owes $40,000 after paying 20+ years. O_o She never had a good paying job and was only able to use her degree (print journalism) once for all of a 90 day probationary period.
"The first element of the new plan would allow any borrower, regardless of their income, to cancel up to $20,000 in interest."
That would be good too.
"In addition, low and middle-income borrowers who are enrolled in an income-driven repayment plan would have all of their interest forgiven. This group of borrowers includes single borrowers earning $120,000 or less a year, and married borrowers who make $240,000."
That would help her too... since we got married, she doesn't qualify for most income assisted programs because I make too much money. But combined, we come in under the $240K cap.