Comment on Millennials are watching monthly student loan payments skyrocket from $500 to $5000 under Trump: This will ‘crash the economy’

• MetaCubed@lemmy.world ⁨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.

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  • Knock_Knock_Lemmy_In@lemmy.world ⁨1⁩ ⁨year⁩ ago

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

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• Hiro8811@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Maybe cause of the 5trilion the US market has lost?

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  • Knock_Knock_Lemmy_In@lemmy.world ⁨1⁩ ⁨year⁩ ago

    I don’t see the connection between the stock market falling and student loans being more expensive.

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