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#student loan payment pause
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Vermont Sen. Bernie Sanders has now voiced his strong opposition toward Speaker of the House Kevin McCarthy and President Joe Biden's debt-ceiling deal.
On Saturday night, McCarthy and Biden announced they had finally reached an agreement on raising the debt ceiling until 2025 in legislation called the Fiscal Responsibility Act. The Congressional Budget Office estimated the legislation includes about $1.5 trillion in spending cuts through new work requirements for federal programs like SNAP. It also codifies the end of the student-loan payment pause and increases military spending.
Lawmakers on both sides of the aisle have criticized the bill due to the compromises Biden and McCarthy ended up having to make, with both Democrats and Republicans already saying they will vote against the legislation. Sanders is the latest to come out against the bill, explaining in a lengthy statement why he cannot "in good conscience" support to the legislation.
"The best thing to be said about the current deal on the debt ceiling is that it could have been much worse," Sanders said in the statement.
"Deficit reduction cannot just be about cutting programs that working families, the children, the sick, the elderly, and the poor depend upon. It must be about demanding that the billionaire class and profitable corporations pay their fair share of taxes, reining in out-of-control military spending, reducing the price of prescription drugs, and ending billions of dollars in corporate welfare that goes to the fossil fuel industry and other corporate interests," Sanders said.
"The fact of the matter is that this bill is totally unnecessary," he continued. "The President has the authority and the ability to eliminate the debt ceiling today by invoking the 14th Amendment. I look forward to the day when he exercises this authority and puts an end, once and for all, to the outrageous actions of the extreme right-wing to hold our entire economy hostage in order to get what they want."
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Sanders mentioned the work requirements on SNAP and the elimination of the student-loan payment pause as primary reasons why he cannot support the bill, even with the US set to default on its debt as early as June 5. The House will be voting on the legislation on Wednesday evening, and it's unclear at this point if enough lawmakers are on board to pass it through the first chamber.
Still, Senate Majority Leader Chuck Schumer and Senate Minority Leader Mitch McConnell are urging their colleagues to pass the bill in the Senate.
"President Biden and Speaker McCarthy's agreement will protect the economy and eliminate the threat of a catastrophic default. I support this bipartisan agreement. Nobody's getting all they want—but it takes default off the table and protects key investments we've made," Schumer wrote on Twitter on Tuesday.
McConnell also wrote that McCarthy "and House Republicans secured a crucial first step toward bringing Washington Democrats' reckless spending to heel. Their unity forced President Biden to do his job. And soon, it will be the Senate's turn to pass this important agreement."
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integrationslady · 7 months
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Girl Math is getting this email and then immediately pre-spending that payment amount in my head for the next few months
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hauntedhokage · 6 months
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My laptop charger died. New one gets here on Sunday :/
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vizthedatum · 8 months
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I am not doing ok about the prospect of paying back my student loans and how I qualified for debt relief but some crusty old people in Congress who wouldn’t even get my gender or any of my chronic conditions decided that they’d not offer relief and instead offer repayment plans like SAVE instead. What a fucking joke.
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icantalk710 · 1 year
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Happy caught-up-on-White-Lotus [and 75% of my post-vacation work emails] Friday, ft post-gym oats-feels from Wednesday I meant to get around to posting 😌
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swoopyswish · 9 months
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the biden-texts-you-directly gimmick the administration is doing is so funny, no way to avoid pissing people off with this
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orthopoogle · 1 year
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Wow, Biden is actually doing one (1) good thing.
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globalcourant · 2 years
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Americans brace for Biden decision on student loan waivers, payment pause
Americans brace for Biden decision on student loan waivers, payment pause
US federal student debt tops $1.6 trillion, counting over 43 million Americans who have federal student debt, more than half of whom owe less than $20,000. Biden’s plan would likely eliminate student debt entirely for millions of Americans and wipe away at least half for millions more. (Evan Vucci / AP) US President Joe Biden is set to announce his long-delayed move to forgive up to $10,000 in…
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valkysrie · 7 months
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does anybody else have student loans with nelnet im literally going to kms thinking about this stupid company !!!!
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mcnecklong · 11 months
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we all know student loan everything is total bullshit.
But can we talk about how with the pause about to end my student loans are being transferred to the THIRD new company??
Which means I have to go through about 17 computer system and legal hoops to verify myself through the previous company and make a new account with THIS company and it will all take about two months to fully sort and they still want me to pay??? Like what???? Can we talk about how bullshit these systems are???
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tamayokny · 1 year
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i hate navigating the fasfa website i cannot wait until i never have to deal with student loans ever again
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hahaha-cough · 1 year
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(Adding the link to the actual petition site in case Twitter crumbles)
If you're suffering from student debt and have applied for loan forgiveness with the Biden-Harris Administration.
Please sign the petition to help with your relief and extend the payment pause.
If you can please spread awareness about the petition by reblogging, retweeting, and/or whatever avenues of communication to as many as you can.
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the-cimmerians · 9 months
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The Biden administration yesterday rolled out its latest tool to tackle the student debt crisis, and as we discussed earlier this year, it’s a good one. While the administration is still working on a broader debt forgiveness plan that it hopes will survive the Trump/McConnell Supreme Court, the new income-driven repayment program, called the “Saving on a Valuable Education” (SAVE) plan, should drastically cut the amount of student loan payments for lower-income borrowers, and for many, will actually get those payments down to zero.
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With the SAVE plan, the Education Department will no longer charge any interest that isn’t covered by the monthly loan payment, putting an end to the interest-accumulating hamster wheel that so many of us know all too well, where you make your payments on time but your goddamn loan balance keeps growing. As the fact sheet explains:
For example, if a borrower has $50 in interest that accumulates each month and their payment is $30 per month under the new SAVE plan, the remaining $20 would not be charged as long as they make their $30 monthly payment. The Department of Education estimates that 70 percent of borrowers who were on an IDR plan before the payment pause would stand to benefit from this change.
As with other income-driven plans, once a borrower has made payments for 20 years (for undergrad debt) or 25 years (for grad school debt), any remaining balance will be forgiven — yes, even if the monthly payment amount was zero for some or all of that period. Explain to your rightwing uncle that such forgiveness is not a new gimmick Joe Biden made up; it’s how IDR plans have worked since Congress authorized them in the 1990s.
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hollyseb · 5 months
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BARTENDER (part 1)
You need to make ends meet. How far are you willing to go?
Mob! Bucky x Reader
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Authors note; this is my first fic. Pls be nice :)
Warnings; drinking. Minors DNI. Will get saucier lol.
Who am I? You were staring at yourself in the mirror of your janky apartment. Little red dress, white thigh high lacey socks. This wasn’t you. You felt silly. But you needed this
Since finishing college, the job market had been dry. You were broke. Undeniably. The rent payments are piling up, student loans begging to be paid, your unforgiving landlord constantly up your ass.
You smoothed down your dress, reminding yourself that this was temporary, just to make ends meet before finding a job in your field. You couldn’t deny that despite feeling a little on-show, you looked hot. Your dress hugging your curves, and your heels making your legs look everlong.
You’d picked up a job at a club uptown. You’d never been but you knew it was high-end, elite, and intimidating. Powerful men frequented this club. You were dreading meeting them; misogynists and man-whores, you thought. It’s okay, I’m just a waitress. Your only job was to serve at the bar, and deliver drinks to those rich enough to reserve tables. All I need to do is look good and smile.
Your best friend, Nat, had managed to land the job for you. She’d been working at the club for 6 months, and the money was supposedly “incredible”. You remembered laughing at that, accusing her of flirting with the regulars.
With that thought, you picked up your jacket, hugging it around your body, and headed out the door.
You adapted to the job easily enough; the thumping music, the strobing lights. Nat was constantly approaching you, checking in on you, “you’re okay right? Well you look amazing”, she whispered in your ear, winking at you, as you poured another drink.
She helped you climatize to the new environment. When service slowed, you found yourself drinking in those who frequented the club. The men on the floor were sleazy, approaching women while heavily drunk. The girls were dancing, swinging their hips, some finding company in those men. A part of you was envious, this had never been your scene and you felt a little excluded.
You were dragged out of your thoughts by Natasha asking you to drop some drinks off at one of the reserved tables. You felt a little reluctant, the table being hidden by a velvet curtain. You had yet to do this part of the job yet. I wish I could eye them up before approaching. Another part of you felt a little excited though, anticipatory.
You headed to the table, deep and low voices sounding. Some men were laughing, and others engaging in low conversation. Pulling the curtain back, a silence fell across the group of men sitting in the secluded area. You paused, taken aback. You had semi-expected the men to ignore your presence, you hadn’t expected this.
“H-hello. I have five whiskey cokes?” Your voice came across weaker than you hoped under the intimidating stares of the men. You hated the way your claim sounded like a question.
Your eyes fell upon the man at the head of the table. All black suit, perfectly tailored, with his hair falling over his piercing blue eyes. He wreaked power. His eyes were raking over your face. Drinking you in. You felt the breath get stuck in your throat when you met his eyes. He is gorgeous.
“You’re new, aren’t you?” a deep voice emerged from the man. It posed more of a statement than a question. Could he sense your anxiety?
“Yes I am”, you were painstakingly aware of how breathy your voice sounded, and also of how you were still awkwardly standing with the tray in your hands.
You eyed the other men, seeing the way their eyes dragged over your body, your curves. You felt naked. The eyes of the man at the head of the table had never left your face. He was enamored.
You cleared your throat and placed the tray on the corner of the table, trying to hide the way your hands were beginning to tremble. God, why am I shaking? You shot the men a fake smile before spinning on your heel and pulling back the curtain, their eyes burning into your ass.
When you had left the table, Bucky cleared his throat. “Get her name. Her social media. Her address. I want to know everything about her”.
Once leaving the room, you hunted your best friend down. “Nat, the men I delivered those drinks to…”, you waved your hands incredulously, reminiscing on the tense encounter and expecting her to have an explanation.
“Yes?” She smirked. She knew exactly what you were referencing. The intensity, the intimidation.
“What the hell was that? I mean- the guy at the head of the table… questioned me about being new, and the rest of them… ugh”, you rambled, your hands punctuating your questions.
“Oh…”, she raised her eyebrows at you, her face glowering in how she knew information that you didn’t, “the guy that questioned you, yeah he owns the club”, her smirk growing into a Cheshire Cat grin. She knew she had dropped you in the deep end.
Your eyebrows practically flew into your hairline, “the o-owner? God, Nat I’ve made a clutz of mysel-, I was stood there with the tray for so long, he must think I’m so stupi-”
She cut you off. “Well, at least he actually acknowledged you. He never even looks at the rest of us”, she explained, only exaggerating your confusion. “Shame really, considering he is probably the most attractive man I’ve ever seen, I mean, I would”, she winked at you again.
You laughed at that, knowing that she really would. She always knew what to say, and she was right. He really was breath-taking. But, he was also your boss. He probably only noticed me because I did something wrong.
You didn’t allow yourself to dwell on the encounter, convincing yourself that you were overthinking the fire in his eyes. He was staring at you because you were so awkward. He could tell you felt out-of-place, you thought, sighing to yourself and shaking the thoughts. Serving people drinks and cleaning the bar made for the perfect distraction.
The night continued without event, you were glad. You felt yourself ease up over time, Nat making you giggle as drunk men tipped you rather excessively. You weren’t sure if it was your best friend's humour, or the feeling of knowing you’d managed to cover this week's rent, but you felt pleased.
You picked up your coat, and slung your bag over your shoulder, deciding to call a cab to get home. You felt eyes on you as you hugged Nat goodbye. Looking over her shoulder, you locked eyes with that man again. Your boss. Stood at the top of the stairs, overlooking the bar. In a vast crowd of people, his eyes were narrowed in on you. You unlocked from Nat, drowning out her qualms about letting her know when you arrived home safely. You couldn't focus on anything else. He was the epitome of power; tall, broad, perfectly tailored.
You had to force yourself to rip your eyes from his, bidding Nat a farewell and heading out the door.
Bucky watched you until the door shielded you from view. He was fixated. It was only when Steve slapped his hand down on Bucky’s shoulder that he was brought back to the present.
“You’re gonna burn a hole through her body if you keep staring at her like that, pal”, Steve stated teasingly. He saw the way you commanded his friends' attention from the second you approached the table. It had been a long time since he had seen someone have such an effect on him.
Bucky turned to Steve, an exhale escaping his nose, “she is… certainly something”.
Steve continued, “… innocent, right?”, eyeing Bucky for his reaction. He tread on eggshells, he knew Bucky had taken a shine to you, he didn’t want to overstep.
Bucky nodded, his jaw twitching, “too innocent to be working here”. The pair nodded in unison.
You stepped outside and took a deep breath, relishing in the relief of being released from his intense gaze. You hailed a cab, being pleasantly surprised by the car that rolled up to you. Sleek and matte. A Mercedes. This was the nicest taxi you’d ever seen. When the taxi pulled up to your apartment block, you attempted to pay him with a remainder of your tips.
“Fee has been covered by… James Buchanan Barnes”.
Part 2 here https://www.tumblr.com/hollyseb/737991483216494592/bartender-part-2
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qqueenofhades · 8 months
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I'm a little confused by the left's repeated assertion that they're "trying to hold Biden accountable" and push him left, things they've been talking about since before he was elected, and the ramifications of that at this point in time. I do think we need to be calling out things we disagree with and making our feelings known, but seeing people like Nina Turner complain about student loan forgiveness when it's been made abundantly clear Biden is doing all he can and he can't actually cancel anything as just the President (without being sued or having it reversed by Republicans - please correct me if I'm wrong and there's more he could do here?) doesn't feel like it's that? I just don't understand the logic behind people on the left adding to this narrative that he isn't trying hard enough on what we want, rather than the Republicans are preventing things from being done. We need to not sit back and get complacent, yes, sure, but I feel like the line where it goes from helpful and necessary to harmful and more beneficial to the right was crossed a while ago.
The thing is, you're confused by it because it's a bad-faith argument. Actually "holding someone accountable" means honestly assessing what they can do, what they have done, what they can be expected to do in the future, and if they haven't done it, what's stopping them (i.e. have they just not done it or are they being actively stopped from doing it by factors beyond their control)? It doesn't mean "constantly moving the goalposts to constantly criticize someone if they don't magically get everything done immediately, regardless of reality." The way Online Leftists use it, "holding Biden accountable" means "relentlessly criticize him every instant he doesn't magically transform into the Socialist Messiah overnight, the end." That's not actually a useful, honest, reliable, or constructive metric.
This is also the case because their version of good policy is "someone thinks the Correct Thoughts all the time and any failures to achieve it means they are not thinking the Correct Thoughts hard enough." I'm not sure how anyone could have missed what SCOTUS is doing right now, but Online Leftists remain determined to discount, minimize, or otherwise totally ignore its role, because that would mean a) there is in fact a difference between the parties, b) Hillary Clinton would not have made the same appointments Trump did, and c) they might therefore have some responsibility in not voting for her, none of which can be countenanced. As such, if Biden has failed to wave a magic wand and get all student debt erased for everyone overnight, He Is Just Not Trying Hard Enough. SCOTUS very notably outlawed his first forgiveness program? BIDEN'S FAULT!
Even though Biden extended the Covid-era payment pauses as long as he could (it was Congress that passed the law mandating an end to them, because THE PRESIDENT IS NOT AN ABSOLUTE MONARCH!), and even though he's now rejiggered the entire repayment program so that your monthly payments can get lowered to $0, these count as payments, and no interest accumulates as long as you "make" them, which in practice adds up to full forgiveness -- this still isn't good enough for the Online Leftists, because it happened after trial and error, is a partial solution, doesn't snap its fingers and erase everything, and relies on slow and careful policy work. And yet, it's going to be a lot harder for SCOTUS to overturn than just "the president forgives your debt," which was the first thing he tried to do and it didn't work! With a different SCOTUS, it might have! But we have this nightmare court BECAUSE OF TRUMP, and all the Pure Thoughts in the world won't get rid of it!
Biden is the most liberal president we have ever had, period, full stop. It's not sexy and it's not exciting and it's not something the Online Leftists will ever acknowledge, but it's the truth. And whenever he is actually and extensively pushed, he goes more left, not less. I suspect at least part of the recent negative press barrage he's gotten is because he's openly come out with a plan to raise the tax rate on billionaires to 25%, and the corporations and oligarchs that own the mainstream media Really Don't Like That. (They've always been unfair to Democrats, but look for it to be especially so.) That would be, BY FAR, the highest the top-rate tax bracket has been since Reagan. Biden is the first president ever to actually address the scam of "Reaganomics" and take credit for "Bidenomics," which actually does represent a major rearrangement of the way capital is envisioned and distributed in this country for the first time in the 40+ years since Reagan wrecked it. That's why the capitalist media is really, REALLY determined to muckrake him as much as possible, and to do Kamala even dirtier than they did to HRC in 2016.
Anyway also: Holding someone accountable also implies that you're working with them and will reward them (i.e. voting for them, engaging with them) if they do the things you expect, which is another thing the Online Leftists won't do. So yes. This. The end.
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jmtorres · 2 years
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hey everyone beware there are now scams out try get your college loan forgiveness money
i just got a voicemail about the $10,000 i could get and friends, i was fortunate enough to never take out loans for college so i KNOW this call was pure stinkin' BS
while the application for student debt forgiveness is not online yet, please make sure when you do fill it out you do it at a .gov official address.
Here's a Q&A about the program with a link to sign up to be emailed when the application is available. You will note it's on a .gov address so it's the real deal.
https://studentaid.gov/debt-relief-announcement/
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