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[-] MetaCubed@lemmy.world 19 points 1 year ago

I mean... There's a full article explaining the cause for the increases, it's not like there's no reasoning provided.

The article says the loan costs have increased and gives lots of examples.

It doesn't explain why the increases have happened.

[-] MetaCubed@lemmy.world 3 points 1 year ago

Try again. It's the 4th paragraph.

Last month, a federal judge blocked the Biden administration-era SAVE plan, an income-driven student loan replacement program with 8 million borrowers, claiming it lacked the authority to forgive millions of dollars in debt. In response, the Trump administration paused all applications for income-driven repayment plans and online loan consolidation, leaving some borrowers in limbo struggling to make ends meet.

But that's new applications. It doesn't explain why existing loans have increased.

this post was submitted on 18 Mar 2025
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