Electricdoggo@lemmy.worldtoUnited States | News & Politics@lemmy.ml•Biden administration forgives $39 billion in student debt for more than 800,000 borrowersEnglish
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1 year agoThe forgiveness applies to anyone who enrolls in the new plan, not just existing loans.
New plan is 10 yrs for <= $12k in loans, increasing a year for every $1k additional, so for example, someone who takes out $20k in loans can have the remainder forgiven after 18yrs of payments.
The 20/25 yrs was the old forgiveness plan with lower principal loan and income levels.
Additionally, if you’re making your monthly payments, no interest accrued.
In the context portion of the community note, there’s a link to a NYT article about the shady funding of one of the board members of Code Pink and a big donor to anti-war protestors like them.
He claims to not work with/for the Chinese government but from the article:
I can’t tell, and none of the articles I’ve seen about this mention, if these protestors were Code Pink or one of the groups associated with Sigham.
EDIT: I want to make clear, I’m not trying to justify or support the article or the shitty person who originally tweeted it, just pointing out the context for the actual statement Pelosi made about going “back to China where your headquarters is”