More posts from the TrueUnpopularOpinion community, Continue browsing in r/TrueUnpopularOpinion, Press J to jump to the feed. 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.”. Do you cry about poor people getting food stamps when you don't qualify for them? Forgiving the loans won’t make the system behind them disappear suddenly. 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. Jan 23: Emails from Scratch that my PPP loan had been 100% paid off by SBA. How much of my PPP loan can be forgiven? PPP Loan Forgiveness Help Center. 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. Until healthcare debt is dealt with I don't want to see any more nonsense about cancelling student loans. It's idiotic. art institute loan forgiveness reddit. 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. 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. Biden led us into this student loan inferno, yet his new concoction of debt forgiveness is more like gasoline than suppressant. In a monopoly situation you can increase prices all day long and people will pay them. 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? Who is Scratch and what is your role in my PPP loan? 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. 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. 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. Imo, it isn't even a debt because I've gone into a good degree at a pretty good uni. Can I restart my application and use Form 3508S instead? Canada Student Loan Forgiveness for Doctors and Nurses. The accreditation agencies are literally monopolies. Students CHOSE to go to expensive schools and take out large loans. by | Feb 18, 2021 | Uncategorized | 0 comments | Feb 18, 2021 | Uncategorized | 0 comments Public Service Loan Forgiveness (PSLF) is a program that could eliminate some of your federal student loan debt if you meet all the requirements. I agree. Borrowers turn to Scratch's team of Loan Guides for empathetic, personalized guidance. 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. We don’t need more gender studies majors that can only get a job teaching gender studies. She is a really kind person and I would hate to see her lose all those years of time. Scratch partners with bank and non-bank lenders to manage loan forgiveness and servicing for Paycheck Protection Program (PPP) loans. 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? 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. Scratch Financial Services San Francisco, California 1,931 followers Scratch has reimagined loan servicing to help borrowers understand, manage, and pay back their loans. The lender (i.e. Has anyone been in this same boat or have any advice for getting her previous years to count toward forgiveness? We should focus on healthcare debt. /r/StudentLoans: Reddit's hub for advice, articles, and general discussion about getting and repaying student loans. 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. We provide full end-to-end servicing of PPP loans throughout their entire lifetime, unlike other PPP software solutions. I think both sides can agree that there is a major problem with student loan debt. 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. I'm fine with absolving student debt if that comes along with sweeping reforms in the higher education system. 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 … 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. There are too many options available to get an affordable education for in debt students to act like victims. Only a sensible solution will tame the flames. Forgiveness Process Questions. Like I'm not asking for a full refund, that'd asking to much. Select Page. 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 tenured professors and ivory tower idiots getting a huge pay cut and reducing the overall cost of college going forward. 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. My only argument for loan forgiveness is with the current pandemic. Otherwise, just kicking the can down the road and people will continue demanding forgiveness. 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. With the Teacher Loan Forgiveness Program, you can qualify for up to $17,500 in loan forgiveness if you teach full-time … Scratch gives borrowers visibility and control over their debt. Check and se if she qualifies under that program: https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service/temporary-expanded-public-service-loan-forgiveness. 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. 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. Public Service Loan Forgiveness: Borrowers will be entitled to an account review to ensure their monthly payments were counted properly for PSLF. It doesn't appear in any feeds, and anyone with a direct link to it will see a message like this one. Forgiveness Application Questions Questions related to filling out the forgiveness application forms 3508S, 3508EZ, or 3508. Yikes. 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. You’re welcome to contact us if you have any questions. How does the new law related to the Paycheck Protection Program (PPP) affect my loan or loan forgiveness? Yearly tuition is capped at 9k and gets wiped after 30 years regardless. But a bit of consideration would be appreciated considering we're paying the same as previous years for a worse quality education. Welcome to /r/PSLF, reddit's community for discussion, information, and assistance about the US Government's Public Service Loan Forgiveness program. Otherwise ... she may just need to wait a few more years. One financial industry expert told BuzzFeed News the redditors were engaged in a “coordinated attack.” Investors on Reddit have launched an attack … Scratch is a loan servicer that helps borrowers understand, manage, and pay back their loans. Part of the /r/StudentLoans network. Finally, a better way to pay back your loans. However, it seems that she was on a non-qualifying payment plan for the program for 5 of those years. When is my PPP loan forgiveness application due? blaming students for the rising cost of school is like blaming renters for the cost of housing. 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… I have a friend who has worked for non-profits for ten years to qualify to have her federal student loans forgiven. 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. 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: 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. At Scratch, you won’t be asked to remember another password! … It’s not clear if they would cover all student loans just federal 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. College should be free in the first place, so I agree with the title. People don't choose to pay $100,000 to stay at a hospital for a week for a heart attack. 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. If that's what you wanna do, thats cool, but don't complain about it. Useful links: StudentAid.gov: Just about anything you'd want to know about the basics of financial aid, student loans, and financing options. Are you a PPP … Zero balance remaining. 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. It just feels like we're paying for the piece of paper at the end. That will give you a fantastic education for a fraction of the cost. Teacher Loan Forgiveness. Sorry, this post was deleted by the person who originally posted it. Its a worse degree than art, you literally can't do anything but teach with it. I completely agree. 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. I'm in the UK and we have it different. The company received a PPP loan between $2 million and $5 million in early May. A group of prominent Democrats announced legislation on Thursday calling on President Joe Biden to cancel some student loan debt using his … 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. Simply input the code and you’re good to go. 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. If you are a doctor, you could qualify for up to $40,000 in loan forgiveness over five years ($8,000 per year). Press J to jump to the feed. It just feels like we're paying for the piece of paper at the end. TEPSLF was created for specifically this situation. 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 I submitted my forgiveness application and my Scratch account says it’s under review. That means that loan forgiveness will only make college more expensive. If your Canada Student Loan is in repayment, you must continue to make your regular monthly payments. On the presidential campaign trail, Joe Biden pledged to act on federal student loan debt forgiveness and wipe out $10,000 for all borrowers. Eligible medical professionals. Please stop with the fear mongering propaganda, New comments cannot be posted and votes cannot be cast, More posts from the StudentLoans community. There are so many schools you can attend in Canada, the UK, Ireland, France, etc. See all articles. Joe Biden plans to continue the pause on federal student loan payments and accumulating interest, but ask Congress to pass student loan forgiveness. Surely you don't whine that handicapped people get better parking spots than you do. 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. Lastly, crying about helping someone in need because it's "UNFAIR" to those who don't need help is incredibly childish thinking. College is a requirement for nearly every job on the market, including ones that do not make any use of that education. There's absolutely no reason why a publicly owned university should cost tens of thousands of dollars a year to attend. If you truly look at those that made their payments on time and to the right servicer and qualified, they got forgiveness. For your security, we’ll send you a one-time, 6-digit login code, every time you log in. Log in Get support Whether you are a borrower or a lender, Scratch is here to be your partner. We should stop giving loans out for stupid majors. The claim: Joe Biden canceled all student loan debt. 4. College is expensive because supply is restricted. I've met too many students complaining about their degrees but like, why did you go into philosophy. My only argument for loan forgiveness is with the current pandemic. 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. All my lectures have been online with the lecturer buffering every minute. 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