If that's what you wanna do, thats cool, but don't complain about it. I've met too many students complaining about their degrees but like, why did you go into philosophy. On the presidential campaign trail, Joe Biden pledged to act on federal student loan debt forgiveness and wipe out $10,000 for all borrowers. But it had shed jobs earlier in the year, including in March and April, according to a laid-off worker who spoke on the condition of anonymity. Public Service Loan Forgiveness (PSLF) is a program that could eliminate some of your federal student loan debt if you meet all the requirements. However, it seems that she was on a non-qualifying payment plan for the program for 5 of those years. Scratch has reimagined loan servicing to help borrowers understand, manage, and pay back their loans. Dec 29: Scratch forgiveness app submitted. Press J to jump to the feed. I don't really agree with blanket forgiveness, but if they're going to go ahead and do it, there needs to be some mechanism to fix the source of the problem. Massive student loan forgiveness would be a lost opportunity to help needy Americans We can find ways to provide student loan relief to the people who need it … Biden said student loans should have zero percent interest, a move he enacted alongside a repayment freeze through September, as well as expanding student loan forgiveness … PPP Loan Forgiveness Help Center. My only argument for loan forgiveness is with the current pandemic. We're working with your PPP lender to guide you through the process of applying for forgiveness of your loan and to make it as simple as possible. Wait, you’re actually comparing the disabled and poor who receive food stamps with those who voluntarily took out a loan and now have a college education? With the Teacher Loan Forgiveness Program, you can qualify for up to $17,500 in loan forgiveness if you teach full-time … Select Page. People don't choose to pay $100,000 to stay at a hospital for a week for a heart attack. To be clear, there is no new broad-based loan forgiveness program available beyond the existing, often difficult-to-get options, such as Public Service Loan Forgiveness or Borrower Defense to Repayment. You’re welcome to contact us if you have any questions. Its like a used car, you can't sell it at the same price of a new car, it has wear, damage, its quality is worse than a new one and therefore it should be sold cheaper. It's idiotic. If you look into the data on loan forgiveness, the 1% of all applicants is a fear mongering number which has been refuted time and time again. How does the new law related to the Paycheck Protection Program (PPP) affect my loan or loan forgiveness? Check and se if she qualifies under that program: https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service/temporary-expanded-public-service-loan-forgiveness. I'm fine with tenured professors and ivory tower idiots getting a huge pay cut and reducing the overall cost of college going forward. In a monopoly situation you can increase prices all day long and people will pay them. You are eligible to use the new simplified Form 3508S because your loan is $150,000 or less, so your application will reflect the SBA’s latest updates to loan forgiveness, including: Teacher Loan Forgiveness. All my lectures have been online with the lecturer buffering every minute. Forgiveness Process Questions Forgiveness Application Questions How do I log in to Scratch? I completely agree. Otherwise, just kicking the can down the road and people will continue demanding forgiveness. That will give you a fantastic education for a fraction of the cost. Zero balance remaining. It just feels like we're paying for the piece of paper at the end. Amid the controversy over this program, we wanted to ask student loan borrowers how confident they feel about receiving PSLF, given that only 1% of applicants have been approved so far. Scratch is a loan servicer that helps borrowers understand, manage, and pay back their loans. Based on guidance from the Small Business Administration (SBA), Paycheck Protection Program (PPP) payments are deferred for 10 months after the end of your Covered Period.Your Covered Period begins when you receive your PPP loan and lasts up to 24 weeks.. BlueVine is working to release an online forgiveness application. Joe Biden plans to continue the pause on federal student loan payments and accumulating interest, but ask Congress to pass student loan forgiveness. Imo, it isn't even a debt because I've gone into a good degree at a pretty good uni. Surely you don't whine that handicapped people get better parking spots than you do. Can I restart my application and use Form 3508S instead? If your loan is $150,000 or less, you can now log into your account at my.scratch.fi anytime to complete and submit your simplified loan forgiveness application. Welcome to /r/PSLF, reddit's community for discussion, information, and assistance about the US Government's Public Service Loan Forgiveness program. If the primary borrower on your account dies, the loan is discharged after proof of death is submitted by a family member or other representative. Public Service Loan Forgiveness: Borrowers will be entitled to an account review to ensure their monthly payments were counted properly for PSLF. More posts from the TrueUnpopularOpinion community, Continue browsing in r/TrueUnpopularOpinion, Press J to jump to the feed. I'm fine with absolving student debt if that comes along with sweeping reforms in the higher education system. … by | Feb 18, 2021 | Uncategorized | 0 comments | Feb 18, 2021 | Uncategorized | 0 comments Log in Get support Whether you are a borrower or a lender, Scratch is here to be your partner. Acceptable documentation includes an organ d onor certificate, a certified copy of the death certificate, or an accurate and complete photocopy of one of those documents. I'd wager 75% or more of workers could perform their job well with nothing more than on-the-job training, but you'll see that every entry level job requires 2+ years experience and a 4 year college degree. Press question mark to learn the rest of the keyboard shortcuts, https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service/temporary-expanded-public-service-loan-forgiveness. Yikes. Its a worse degree than art, you literally can't do anything but teach with it. Scratch Financial Services San Francisco, California 1,931 followers Scratch has reimagined loan servicing to help borrowers understand, manage, and pay back their loans. For your security, we’ll send you a one-time, 6-digit login code, every time you log in. Who is Scratch and what is your role in my PPP loan? At Scratch, you won’t be asked to remember another password! Jan 23: Emails from Scratch that my PPP loan had been 100% paid off by SBA. Until healthcare debt is dealt with I don't want to see any more nonsense about cancelling student loans. My only argument for loan forgiveness is with the current pandemic. Are you a PPP … One financial industry expert told BuzzFeed News the redditors were engaged in a “coordinated attack.” Investors on Reddit have launched an attack … Biden led us into this student loan inferno, yet his new concoction of debt forgiveness is more like gasoline than suppressant. There’s also no application or fee necessary to receive the federal student loan payment pause that’s been in effect since March 13, 2020, and will continue through Sept. 30, 2021. Lastly, crying about helping someone in need because it's "UNFAIR" to those who don't need help is incredibly childish thinking. You must apply for forgiveness within 10 months after the end of the ‘Covered Period.’ which is the 24-week period that starts when you received your PPP loan. If you are a doctor, you could qualify for up to $40,000 in loan forgiveness over five years ($8,000 per year). College is a requirement for nearly every job on the market, including ones that do not make any use of that education. Forgiveness Application Questions Questions related to filling out the forgiveness application forms 3508S, 3508EZ, or 3508. Then in 2018, the federal government authorized the Temporary Expanded Public Service Loan Forgiveness Program, for borrowers like Morgan, who had used an incorrect repayment program… Even for non-citizens a Canadian degree is pennies compared to some of the schools in the U.S. there are many more options beyond those that I've listed to reduce cost. Loan forgiveness for fast-growing Mile High Labs, a Broomfield extractor of CBD, is up in the air. Forgiving the loans won’t make the system behind them disappear suddenly. art institute loan forgiveness reddit. We should focus on healthcare debt. And from what I've seen and employers are saying, the level of education that college graduates have is really poor, which of course makes perfect sense since if you want everyone to be able to get a college degree you have to lower the standards significantly. Forgiveness Process Questions. I'm in the UK and we have it different. Press question mark to learn the rest of the keyboard shortcuts. I have a friend who has worked for non-profits for ten years to qualify to have her federal student loans forgiven. We should stop giving loans out for stupid majors. It doesn't appear in any feeds, and anyone with a direct link to it will see a message like this one. I don't blame 17 and 18 year olds seeing that shit and signing on the dotted line to try to get into the job market. I do think it's irresponsible to pick a useless degree, but I think you're somehow construing that the majority of student debt is held by those with useless degrees. College is expensive because supply is restricted. That means that loan forgiveness will only make college more expensive. Borrowers turn to Scratch's team of Loan Guides for empathetic, personalized guidance. A new investigation by the Student Borrower Protection Center found that members of the military are facing several obstacles when it comes to getting student loan forgiveness… But a bit of consideration would be appreciated considering we're paying the same as previous years for a worse quality education. NOooooooooo muh non-binary belly dance theory degree, “Sure, student debt is the second biggest debt in America after mortgage but there are stupid majors I don’t agree with so who cares.”. Schumer and Biden have said they only want to forgive loans for people making less than $125,000 a year. An “Angry Mob” On Reddit Is Pushing Up GameStop's Stock Price And Pissing Off A Bunch Of Wall Street Firms buzzfeednews.com - Amber Jamieson. Scratch partners with bank and non-bank lenders to manage loan forgiveness and servicing for Paycheck Protection Program (PPP) loans. If your Canada Student Loan is in repayment, you must continue to make your regular monthly payments. There's community college, going to community college then transferring, in-state schools, financial aid, becoming an RA to pay for room and board, scholarships, and most importantly GOING ABROAD. Has anyone been in this same boat or have any advice for getting her previous years to count toward forgiveness? Useful links: StudentAid.gov: Just about anything you'd want to know about the basics of financial aid, student loans, and financing options. The company received a PPP loan between $2 million and $5 million in early May. See all articles. 4. Like I'm not asking for a full refund, that'd asking to much. The lender (i.e. The claim: Joe Biden canceled all student loan debt. TEPSLF was created for specifically this situation. Do you cry about poor people getting food stamps when you don't qualify for them? I'm fine with 9k debt but its bit of a pisstake when lecturers are just uploading previous year recordings, barely respond to emails, don't even offer office hours now. If you’re a doctor or a nurse you can qualify for loan forgiveness for your Canada student loans by working in a remote or rural area. The Form total amount said the EIDL grant amount would not be forgiven (This was expected) .Jan 22: Email from SBA that my PPP account had been transferred to one of their servicing centers. All my lectures have been online with the lecturer buffering every minute. When is my PPP loan forgiveness application due? Sorry, this post was deleted by the person who originally posted it. There are too many options available to get an affordable education for in debt students to act like victims. It just feels like we're paying for the piece of paper at the end. Only a sensible solution will tame the flames. I think both sides can agree that there is a major problem with student loan debt. There's absolutely no reason why a publicly owned university should cost tens of thousands of dollars a year to attend. How much of my PPP loan can be forgiven? It’s not clear if they would cover all student loans just federal student loans. There are so many schools you can attend in Canada, the UK, Ireland, France, etc. If you truly look at those that made their payments on time and to the right servicer and qualified, they got forgiveness. Yearly tuition is capped at 9k and gets wiped after 30 years regardless. Finally, a better way to pay back your loans. Scratch gives borrowers visibility and control over their debt. The majority of those people were not working for the right companies, did not have enough payments (120 months) or were in the wrong repayment options. Eligible medical professionals. I agree. Students CHOSE to go to expensive schools and take out large loans. She is a really kind person and I would hate to see her lose all those years of time. We don’t need more gender studies majors that can only get a job teaching gender studies. Otherwise ... she may just need to wait a few more years. blaming students for the rising cost of school is like blaming renters for the cost of housing. A group of prominent Democrats announced legislation on Thursday calling on President Joe Biden to cancel some student loan debt using his … We provide full end-to-end servicing of PPP loans throughout their entire lifetime, unlike other PPP software solutions. Please stop with the fear mongering propaganda, New comments cannot be posted and votes cannot be cast, More posts from the StudentLoans community. Part of the /r/StudentLoans network. This program was created to benefit individuals whose debt would be unaffordable without loan payments tied to income because they are working in lower-paying, but vitally important public sector jobs suchContinue Reading The accreditation agencies are literally monopolies. Note: You can apply for Canada Student Loan forgiveness for family doctors and nurses if you are enrolled in full-time or part-time studies, are currently repaying your student loan, or are in your 6-month non-repayment period. College should be free in the first place, so I agree with the title. /r/StudentLoans: Reddit's hub for advice, articles, and general discussion about getting and repaying student loans. Simply input the code and you’re good to go. But if the plan in Congress does pass, or if Biden cancels student loan debt on his own, it likely won’t cover everyone paying student loans. I'm fine with 9k debt but its bit of a pisstake when lecturers are just uploading previous year recordings, barely respond to emails, don't even offer office hours now. I submitted my forgiveness application and my Scratch account says it’s under review. Canada Student Loan Forgiveness for Doctors and Nurses. In debt students to act like victims hospital for a full refund, that asking... 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