#unsubsidized

[llycaons]

something else I love to do is pay off my student loans in great chunks of money at a time. gives me a little thrill. like, ohh, exciting! I used to do it when I had my old job that paid like half of what I make now, just in much smaller amounts.

#I have seven loans that I'm trying to pay off in full one at a time #is it the most efficient way to do this? maybe not. but whatever #the only unsubsidized one I have left is 7k. a real monster #but I've already managed to pay off like 8k of the total and im only look at 22k left #which is still a lot but it's doable! and I can't wait for this to not be hanging over my head #cor.txt

[sun-3-160]

just found out my loan servicer (mohela) has nearly 2000 complaints filed against them with the bbb. its not looking good for me yall

#school #they keep redirecting small amounts away from my unsubsidized loans so they keep accruing interest after i think that ive paid them off #last time it was $5 lol

[bastard-kaz]

accepting more student loans. i want to eat a bullet.

#they’re unsubsidized too #just kill me #erin talks #grad school

[batboyblog]

Things Biden and the Democrats did, this week #7

Feb 23-March 1 2024

The White House announced $1.7 Billion in new commitments from local governments, health care systems, charities, business and non-profits as part of the White House Challenge to End Hunger and Build Healthy Communities. The Challenge was launched with 8 billion dollars in 2022 with the goal of ending hunger in America by 2030. The Challenge also seeks to drastically reduce diet-related diseases (like type 2 diabetes). As part of the new commitments 16 city pledged to make plans to end hunger by 2030, the largest insurance company in North Carolina made nutrition coaching and a healthy food delivery program a standard benefit for members, and since the challenge launched the USDA's Summer EBT program has allowed 37 states to feed children over the summer, its expected 21 million low income kids will use the program this summer.

The US House passed a bill on Nuclear energy representing the first update in US nuclear energy policy in decades, it expands the Nuclear Regulatory Commission and reduces reducing licensing fees. Nuclear power represents America's single largest source of clean energy, with almost half of carbon-free electricity coming from it. This bill will boost the industry and make it easier to build new plants

Vice President Harris announced key changes to the Child Care & Development Block Grant (CCDBG) program. The CCDBG supports the families of a million American children every month to help afford child care. The new changes include capping the co-pay families pay to no more than 7% of their income. Studies show that high income families pay 6-8% of their income in childcare while low income families pay 31%. The cap will reduce or eliminate fees for 100,000 families saving them an average of over $200 a month. The changes also strength payments to childcare providers insuring prompt payment.

The House passed a bill making changes to the Small Business Administration’s 8(a) program. The 8(a) is an intensive 9 year program that offers wide ranging training and support to small business owners who are socially and economically disadvantaged, predominantly native owned businesses. Under the current structure once a business reaches over 6.8 million in assets they're kicked off the program, even though the SBA counts anything under $10 million as a small business, many companies try to limit growth to stay on the program. The House also passed a bill to create an Office of Native American Affairs at the SBA, in order to support Native-owned small businesses.

The White House and HUD announced steps to boost the housing supply and lower costs plans include making permanent the Federal Financing Bank Risk Sharing program, the program has created 12,000 affordable housing units since 2021 with $2 billion and plans 38,000 additional units over ten years. As well as support for HUD's HOME program which has spent $4.35 billion since 2021 to build affordable rental homes and make home ownership a reality for Americans. For the first time an administration is making funds available specifically for investments in manufactured housing, $225 million. 20 million Americans live in manufactured housing, the largest form of unsubsidized affordable housing in the country, particularly the rural poor and people in tribal communities.

The Department of Energy announced $336 million in investments in rural and remote communities to lower energy costs and improve reliability. The projects represent communities in 20 states and across 30 Native tribes. 21% of Navajo Nation homes and 35% of Hopi Indian Tribe homes remain unelectrified, one of the projects hopes to bring that number to 0. Another project supports replacing a hydroelectric dam in Alaska replacing all the Chignik Bay Tribal Council's diesel power with clear hydro power. The DoE also announced $18 million for Transformative Energy projects lead by tribal or local governments and $25 million for Tribal clean energy projects, this comes on top of $75 million in Tribal clean energy projects in 2023

Transportation Secretary Pete Buttigieg put forward new rules to ensure airline passengers who use wheelchairs can travel safely and with dignity. Under the planned rules mishandling a wheelchair would be a violation of the ACAA, airlines would be required to immediately notify the passenger of their rights. Airlines would be required to repair or replace the wheelchair at the preferred vendor of the passenger's choice as well as provide a loaner wheelchair that fits the passenger's needs/requirements

The EPA launched a $3 Billion dollar program to help ports become zero-emission. This investment in green tech and zero-emission will help important transportation hubs fight climate change and replace some of the largest concentrations of diesel powered heavy equipment in America.

the EPA announced $1 Billion dollars to help clean up toxic Superfund sites. This is the last of $3.5 billion the Biden administration has invested in cleaning up toxic waste sites known as Superfund sites. This investment will help finish clean up at 85 sites across the country as well as start clean up at 25 new sites. Many Superfund sites are contained and then left not cleaned for years even decades. Thanks to the Biden-Harris team's investment the EPA has been able to do more clean up of Superfund sites in the last 2 years than the 5 years before it. More than 25% of America's black and hispanic population live with-in 5 miles of a Superfund site.

Bonus: Sweden cleared the final major barrier to become NATO's 32nd member. The Swedish Foreign Minster is expected to fly to Washington to deposit the articles of accession at the US State Department. NATO membership for Sweden and its neighbor Finland (joined last year) has been a major foreign policy goal of President Biden in the face of Russian aggressive against Ukraine. Former President Trump has repeatedly attacked NATO and declared he wants to leave the 75 year old Alliance, even going so far as to tell Russia to "do whatever the hell they want" with European NATO allies

#Thanks Biden #Joe Biden #Politics #US politics #Democrats #Climate change #end hunger #hunger #proverty #disability #native Americans #tribal rights #clean energy #child care #housing #housing crisis

[knightofleo]

Caroline Polachek | Butterfly Net

I collected stupid ashes So that after you'd gone I could hold onto something But you stayed unwavering Through every false goodbye Unsubsiding, pining For now and for never There you were, with your mirror Shining the world all over me There I was, with my butterfly net Trying to catch your light

#the whole album is luxurious honestly #butterfly net #caroline polachek #caroline polachek butterfly net #Desire I Want To Turn Into You

[meret118]

The department says that under the old plan, borrowers repaid $10,956 for every $10,000 they borrowed. Under the new plan, they would pay back just $6,121.

. . .

According to an Education Department fact sheet, "This change means a single borrower who earns less than $32,805 a year ($67,500 for a family of four) will not have to make payments."

. . .

Second, as long as borrowers make their monthly payments, the new SAVE plan also stops interest from accumulating. Under previous plans, borrowers with low or $0 payments — too low to cover their monthly interest charge — saw that interest accrue. Now, that won't happen.

Third, borrowers with undergraduate loans will see their monthly payments cut in half because of a big shift in what's called the assessment rate. Simply put, the Education Department will base payments on 5% of borrowers' remaining income, not the current 10%.

And fourth, SAVE includes a more generous forgiveness mechanism. In the past, undergrad borrowers could have their debts forgiven after 20 years of payments. Under SAVE, those who borrow $12,000 or less can have their debts wiped away after just 10 years of payments.

. . .

What's more, a borrower with $13,000 in debts wouldn't have to wait 20 years for forgiveness — just 11. Every $1,000 over the $12,000 mark simply adds an extra year of required payments.

Borrowers with much larger undergraduate debts can still qualify for forgiveness after 20 years of payments, while borrowers with graduate school debts can qualify for the plan's more generous monthly terms but would have to wait 25 years for forgiveness.

The first two of these provisions ($0 payments and no interest) will go into effect soon. The latter two become effective in July 2024.Who qualifies for SAVE?

SAVE is for student borrowers with federally held loans, including all direct subsidized, unsubsidized and consolidated loans, as well as PLUS graduate loans.

Those with Federal Family Education Loans (FFEL) or Perkins Loans that are held by a commercial lender would need to consolidate into a direct loan in order to qualify.

#Biden #Student loans

[plethoraworldatlas]

Campaigners have issued a "red alert" over language included in the 2024 Federal Aviation Administration Reauthorization Act that could pave the way toward banning student loan cancellation.

The current draft of the routine bill bars executive branch officials from cancelling or forgiving student loans taken out to pursue flight training or education at the undergraduate level, the Debt Collective warned on Wednesday.

"They're trying to make relief illegal," the group posted on social media.

Buried 1,000 pages in, the language flagged by the Debt Collective comes under the heading, "Prohibition on mass cancellation of eligible undergraduate flight education and training programs loans."

"The secretary, the secretary of the treasury, or the attorney general may not take any action to cancel or forgive the outstanding balances, or portion of balances, on any federal direct unsubsidized Stafford loan, or otherwise modify the terms or conditions of a federal direct unsubsidized Stafford loan, made to an eligible student, except as authorized by an act of Congress," the text reads.

The Debt Collective named Sen. Chuck Schumer (D-N.Y.), Rep. Hakeem Jeffries (D-N.Y.), Sen. Maria Cantwell (D-Wash.), Sen. Tammy Duckworth (D-Ill.), and Rep. Rick Larsen (D-Wash.) as particularly responsible for the language.

"Forty-five million student debtors need to see this and get very, very loud," the group said.

While the language only prohibits the executive cancellation of a certain subset of loans, experts and advocates warned lawmakers would not stop there.

"Make no mistake, this is a test flight," author and Debt Collective co-founder Astra Taylor wrote on social media. "If they can make student debt cancellation illegal for some people, they will do it for others. Student debtors and their allies need to stick together and stick up for each other."

Taylor urged anyone concerned about the language to contact the legislators flagged by the Debt Collective.

The Debt Collective called the language a "test run."

"If Congress will stop debt relief for pilots now, they'll do it to nurses tomorrow, teachers the next day, and social workers the day after," the group said.

#us politics #biden administration #student debt #debt relief #federal aviation administration #student loans #democrats

[pissmd]

GENTLE HAS COMPLETELY LOST MIND, CLAIMS CONFIDANT, O.U.S. CHIEF TINE AT PRESS CONFERENCE: THREATENS TO DETONATE UPSIDE-DOWNMISSILES IN U.S. SILOS, IRRADIATE CANADA W/ AID OF ATHSCME HELL-FANS — Header; ‘WILLING TO ELIMINATE OWN MAP OUT OF SHEER PIQUE’ IF CANADA NIXES RECONFIGURATIVE TRANSFER OF ‘AESTHETICALLY UNACCEPTABLE’ TERRAIN — Pretty Obviously Homemade Subheader.

This catastatic feature of the puppet-film’s plot — that Johnny Gentle, Famous Crooner threatens to bomb his own nation and toxify neighbors in an insane pout over Canada’s reluctance to take redemised title over O.N.A.N.’s very own vast dump — resonates powerfully with those members of the movie’s E.T.A. audience who know that this whole parodic pseudo-ONANtiad scenario is actually a puppet-à-clef-type allusion to the dark legend of one Eric Clipperton and the Clipperton Brigade. In the very last couple years of solar, Unsubsidized Time, this kid Eric Clipperton appeared for the first time as an unseeded sixteen-year-old in East Coast regional tournament play. The little Town-or-Academy-Hailed-From slot after Clipperton’s name on tournament draw-sheets just said ‘Ind.,’ presumably for ‘Independent.’ Nobody’d heard of him before or knew where he came from. He’d just sort of seepily risen, some sort of human radon, from someplace low and unknown, whence he lent the cliché ‘Win or Die in the Attempt’ grotesquely literal new levels of sense.

For the Clipperton legend derived from the fact that this Clipperton kid owned a hideous and immaculately maintained Glock 17 semiautomatic sidearm that came in a classy little leather-handled blond-wood case with German High-Gothic script on it and a velvet gun-shaped concavity inside where the Glock 17 lay nestled in plush velvet, gleaming, with another little rectangular divot for the 17-shot clip; and that he brought the gun-case and Glock 17 out on the court with him along with his towels and water-jug and sticks and gear bag, and from his very first appearance on the East Coast jr. tour made clear his intention to blow his own brains out publicly, right there on court, if he should lose, ever, even once.

— David Foster Wallace, Infinite Jest

#i think marios tribute to his friend clipperton is beautiful & sweet btw #infinite jest #david foster wallace

[petluck]

"I collected stupid ashes, so that after you'd gone I could hold onto something.

But you stayed unwavering through every false goodbye.

Unsubsiding, pining, for now and for never."

#Caroline polachek #desire I want to turn into you #butterfly net #the track is immaculate #Caroline is immaculate as well tbh but when isn't she #Spotify #tunes

[driftingoffthegrid]

college: why am i here? i don’t know what i want to do with my life and what’s the point of looking at career options because “the statistics say that most of you will work in 8 different careers,” and , “the statistics say that most of you will work jobs that don’t even exist yet,” blah blah blah. so why am i at college? just to dick around? learning is great but i can do that without selling my soul for an unsubsidized loan

#college #learning #loans #fleabag #ramen noodles #chaotic academia #liberal arts #university #future #confused #teenagers #school #academia #academic #jobs #career #existential crisis #bored #life in your 20s

[anjiefiction]

- 5 Dec 2022

Word count: 10k??

The ?? is because I wrote up to ~10k in CSIDE, but then did some editing in hard copy form, so I'm not sure where exactly the word count stands now... All scenes and branches in this chapter have been mostly plotted in more detail, o I just need to write them out!

I also apologize for the late update this week; I'm still waiting to get a specialist appointment to rule out anything too serious with my hearing... Actually I probably should be booking an appointment instead of waiting, but that would mean I have to pay the private unsubsidized rates, which are ridiculously expensive 💀 with that said, I'll probably have few spoons to write for now until I get that appointment, but. I'll try to write a few words at least.

#before we are ghosts #weekly update

[llycaons]

I just paid off nearly half my remaining loans in one fell swoop 😭 goodbye to getting more home goods for a while but considering I live in an apartment with another person it's not like there's much room anyway. but I hadn't realized the biggest loan was unsubsidized and that just couldn't stand.

#I must content myself with pinterest for now!!! #I was planning on this taking a whole year but I dipped into my emergency fund which only needs to last until august anyway #so uh I guess I'm ahead of schedule #if I'm not insane again I should be debt-free by may 😭 <- relief #this has been hanging around my neck for almost a decade #even with the payments halted bc of covid they stressed me out. but come may! I'll be free! #cor.txt

[theboardwalkbody]

Hey everyone,

Kinda a weird question, but I can't figure anything out on my own.

I'm 735.00 short for school payments. The due date is November 5th and I've been trying to come up with it but unfortunately nothing has been working out. That's the amount that's due after my financial aid and scholarships.

Does anyone know what loans I may be eligible for? Please note: I have bad credit. Like bad. Everything I've looked into so far requires a minimum credit score of 700. I've tried applying for a loan through my bank (I already have a student loan through them and have been paying more than the minimum monthly payments on it since it came out of deferment) with my dad as a cosigner and, despite him having good credit the loan was still denied due to mine being poor.

I have no one to ask for such a large lump of cash.

So I don't know what to do now.

Just wondering if anyone knows or has any success with poor credit and finding a student loan/private loan.

(I have tried the federal sub/unsubsidized loans, I maxed out with them so they did not cover the entire bill hence this left over amount).

Also note: I'm in the US (if you couldn't tell by the fact that my tuition costs anything lol).

Thanks guys ❤️

[necarion]

It's remarkable how little spread there is in the cost of COBRA plans. I have a low-price Kaiser plan right now, that is, in COBRA, only about $100/mo less than my Facebook plan, which was one of the best health insurance policies I've ever heard of. My FB policy was Aetna in-network (which almost not at all limiting) it was $10 copay per visit/procedure, with no approval (including MRI, childbirth, etc.) or deductable, and even allowed out of network stuff if you got certain prior approval (and that came with a chat app where people would help you get that taken care of). Like, the insurance was $750/month which is a lot, but it had almost zero mental load associated, and the rest of care was very cheap. If I had a choice to keep my current plan, or spend $100/mo more to get something that much better, I would seriously consider it.

Related, I went on the health insurance exchanges, and for $850/mo (no subsidy) I can get a plan that is worse than the employer one I currently have! I really don't mind employer health care, but it is weird that the big companies can get that much *better* insurance for exactly the same price, unsubsidized.

#Insurance #Cobra

[meret118]

Who qualifies?

Borrowers with federally held loans including direct subsidized, unsubsidized and consolidated loans qualify for SAVE.Those with Federal Family Education Loans (FFEL) or Perkins Loans that are held by a commercial lender would need to consolidate that debt into a federal direct loan in order to qualify.

Parents who took out a federal loan to help their children pay for college (known as Parent PLUS loans) are not eligible for SAVE, but are eligible for other income-driven repayment plans. Borrowers can find the best plan for them at studentaid.gov

Unlike the now defunct forgiveness program, the SAVE program will benefit not only current student loan borrowers, but also future ones.

Borrowers can now apply at studentaid.gov/SAVE In an announcement video, President Biden assured borrowers that the application will take "10 minutes."

The program allows borrowers to opt in to a feature that allows the Education Department to access their tax returns from the Internal Revenue Service. This will allow the department to automatically recertify borrowers' enrollment every year, so they don't have to keep applying and updating.

The administration is urging borrowers to apply soon because, after three years of pause extensions, student loan payments are set to resume in October, with interest starting to accrue in September.

#Student loans

[andersdruv]

Americans: Don't forget to sign up for the new income-based student loan repayment plan

For anyone who's missed it (who wants to get depressed reading about student loan forgiveness after the Supreme Court decided "waive or modify loan obligations" did not in fact mean the power to waive or modify loan obligations if it's a Democratic President) the Biden administration is now putting a new income-based repayment plan in place that you can get signed up for before student loan repayments kick in.

This turns student debt into more of an extra tax that kicks in for people who went to higher education after they reach a certain income level.

Here's a handy chart for how high payments you'll have to make in different income brackets:

This new plan (it's called SAVE, and yes, all government acronyms are a bit cringe) means that as long as you make the above payments on your loans, the principal will not increase whatever your interest rate is.

The remaining balance will also be automatically forgiven after a set amount of time of payments (at least 10 years, so it will still take quite a while).

The application takes (2nd hand info) about 15 minutes to fill in, here's the govt page about it:

I took this paragraph from an NPR article on who's eligible:

"SAVE is for student borrowers with federally held loans, including all direct subsidized, unsubsidized and consolidated loans, as well as PLUS graduate loans. Those with Federal Family Education Loans (FFEL) or Perkins Loans that are held by a commercial lender would need to consolidate into a federal direct loan in order to qualify. Parents who took out a federal loan to help their children pay for college (known as Parent PLUS loans) are not eligible for SAVE."

#student loans #student debt #student debt relief #debt relief