Student loan changes for 2025: What borrowers need to know

Between President Biden’s loan forgiveness promises and the Supreme Court rejecting that plan, many are confused about what exactly they owe in student loans — and some may even have to repay refund checks. NBC’s Vicky Nguyen shares what you need to know about the coming changes in 2025.

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#StudentLoans #College #Education

[JSmithRecords]

Isn't it funny how when the government helps rich people, they never have to pay it back. You ever notice that?

[guitarcode]

Now start collecting back the 800 Billion of PPP loans ya'll handed out. SMH

[glorias.]

People who received a refund have to pay it back WITH interest?! That's wild! They need to file a class action lawsuit.

[smith]

A refund on money you borrowed makes no sense. That’s putting people further into debt. This entire process is a mess. Just a mess. The service provider don’t understand it

[samushunter]

High School students, think hard about if you NEED to go to a four year expensive college. Or just do community college and or get a certificate.

[beitgorski]

More than 20 countries provide free college education, why don’t we?

[LoveisKiing]

There are folks in the comment section talking about how they were able to pay off X amount by “hunkering down”, but consider that not everyone lives in a two income household. Some folks make way less a year than what they owe. The basics have only gotten more expensive. Not every borrower is taking trips or buying new cars. Most borrowers don’t even own a home to fix up. Some folks are truly living within their means and still don’t have enough to pay back their loans AND pay for unexpected everyday life events like fixing a car, or natural disasters, or paying for healthcare.
Some of you can stand to check your privilege before commenting on things you don’t know or understand.

[susiq]

PPP loans were forgiven and wars are still being funded yet can't forgive student loans?

[jbarkley]

The only student loan forgiveness is the public service loan forgiveness (PSLF), which was passed by congress and put into law.

[healthibons]

I feel like we should start collecting that money that we use to bail out big companies like AIG, airlines, JP morgan, merrill lynch etc. they made so much money after, and had the audacity to still have parties and give their execs bonus checks that we need to collect that back. Thats our tax paying money ! And with interest!

[lt]

What I dont understand about college is encourages higher education, most have to take out student loans but no guarantee that you will find a job in what you get your degee. Graduate your debt . Make it make sense? Education shouldn't be a financial burden.

[Cottoncandyclouds]

The Supreme Court ruled in favour of Billionaires who own the Student loan debt, Thank the Heritage Foundation for the law suits AGAINST Students loans forgiveness. This is a class war! This is not a good way to treat people just trying to get an education!

[invisibility-wyvs]

Why hasn't any brilliant hackers got into Navient and ERASED Everyone's debt yet? Instead of doing stupid stuff!?!?!

[hairmaner]

So when does Ukraine pay American back all their loan debt? Could have used that money to cover people’s loans.

[paulj.elliott]

There are 8 million of us who are in legal limbo with forbearance on our loans while two federal appellate courts consider these cases.

[dexterk]

This is insane. One thing they don’t talk about is how hard they make the process to pay back the loans. The confusion of all delays people from being able to trust they are paying what they owe

[raneylee]

I work in the student loan industry and we stressed to everyone until we were blue in the face that none of this was official yet and that congress still had to pass it all and to not apply for ANYTHING until it is 100% passed and in legislation.

[sharonrose]

Always remember people there is nothing free in this world and never borrow money unless you are willing to pay it back and don’t use credit cards either it’s like a continuous cycle of debt.

[lt]

Mine was forgiven & thank you, Lord.

[eile]

Good thing that i read and knew it wasn't a refund. It's actually another loan that you have to pay it back. That was why i didn't apply for the refund