Nonilex

#StudentLoans interest charges to kick back in for roughly 8 million borrowers

Interest charges will return on Aug. 1 after a yearlong pause on payments.

Roughly 8 million student loan borrowers will see their interest charges restart next month, #Trump Dept of #Education announced Wednesday.

Borrowers on the #Biden-era Saving on a Valuable Education Plan — about 7.7 million people — will have interest charges return on Aug. 1 after a yearlong pause on payments.

#law
https://abcnews.go.com/Politics/student-loan-interest-charges-kick-back-roughly-8/story?id=123611422

Student loan interest charges to kick back in for roughly 8 million borrowers

Interest charges will return on Aug. 1 after a yearlong pause on payments.

ABC News
Jul 9, 2025 at 10:58pmWeb
Show threadNonilexJul 9, 2025

In a totally #propaganda laden statement Secy of #Education #LindaMcMahon wrote, “For years, the Biden Administration used so-called 'loan forgiveness' promises to win votes, but federal courts repeatedly ruled that those actions were unlawful. Since day one of the Trump Administration, we've focused on strengthening the student loan portfolio and simplifying repayment to better serve borrowers."

#Trump #law #StudentLoans #FinancialAid

Show thread(((Cindy Weinstein)))Jul 9, 2025

@Nonilex

something has got to subsidize the private jet owners (in addition to healthcare cuts).

Show threadWulfy—Speaker to the machinesJul 9, 2025

@CindyWeinstein @Nonilex

It's not about subsidising private jets, they have more money than they need

It's because they really, really hate you and want you to die.

Show thread(((Cindy Weinstein)))Jul 9, 2025

@n_dimension @Nonilex

Yes, I know, but they needn't worry -- I will die and their eugenicist framework may hasten that. And as that existential philosopher Joni Ernst said, "well all die."

Show threadNazaniJul 9, 2025
@Nonilex The new Great Depression has so many facets.
Show threadJust BobJul 9, 2025
@Nonilex Computer Science has left me in debt for $25,000 + interest and I know I will NEVER be able to pay it.
Show threadHistoPol (#HP) 🏴 🇺🇸 🏴Jul 10, 2025

@Nonilex

#USpol #SudentLoans #Reagonomics

👉It is highly important to see the restart of the student-loan repayments move in a historical-political context.👈

It has been a central #Reagonomics policy (see linked central thread.)

It is the counterpart of "keep them barefoot and in the kitchen" for #Academics.

👉The #DumbingOfAmerica: The #StultificationOfThePeople👈

https://mastodon.social/@HistoPol/114191854138931406