Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

haele

(13,648 posts)

4. Sounds like she didn't have government loans.

Reply to global1 (Original post)

Thu Nov 7, 2024, 08:54 PM

Nov 7

My Student loans were made through the Government; Direct Subsidized and Unsubsidized loans.
There are other student loans that are specific to the school - the old Perkins loans - or commercial loans indirectly subsidized by the Government, but they aren't from the Government.
(The subsidized loans are the lower percentage, - 2.5 to 5%, unsubsidized are at Market rate - 4% to 7%, depending on when they were granted).
So the Biden Forgiveness only applies to Government loans.

Haele

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

4 replies

= new reply since forum marked as read

Highlight:

I Learned Something The Other Day About Student Loans... [View all] global1 Nov 7 OP

She nees to consolidate it into a IDR plan - that's what I did RealFloridaDem Nov 7 #1

Biden's relief programs like Fresh Start are on hold until Feb 2 defacto7 Nov 7 #2

yes it is legal and it happens all the time mike_c Nov 7 #3

Sounds like she didn't have government loans. haele Nov 7 #4