Do you have multiple consolidation loans or just a single one?

If all of your loans have been combined into one, the double-consolidation process is unlikely to be an option.

The political risk/reward to eliminating these plans also doesn't add up. Blocking forgiveness might appeal to the base, but tweaking repayment options isn't much of a win and it is something that will really upset large numbers of borrowers.

I'm probably more optimistic than most about ICR, PAYE, and even REPAYE surviving indefinitely.

Between the MPN, the APA, and the relief sought in the SAVE lawsuit, I think the other plans should be safe.

But this is a topic that requires far more than 300 characters.

When you borrowed your loans, you signed a Master Promissory Note (MPN). That is your contract with the government, and the MPN includes IBR language.

It's the reason most proposals to change IBR grandfather in existing borrowers.

That I agree with 100%. They've been trying to take down the DoE pretty much since it was created and its never worked.

Its a easy campaign item, but it becomes pratically very difficult to do. Not to mention, I think there are bigger priorities on the agenda.

I hope you are right. I just know that the government will have to honor those guarantees whether or not there is a Dept. of Ed., and my fear is that the banks will be lobbying hard for the government to get out of student lending so that the private student loan business can take off.

It’s just growing pains for Bluesky. It’s happened a lot the last 24 hours, but it should resolve itself.

Me too. It has been a disappointing year for the Browns, but there is still plenty to look forward to.

In the past, replies just had to be ignored. If we can have a real dialogue instead of name calling it would be a pleasant surprise.

In other words, what I am saying is that Wall Street won't be stepping in to save the Department of Education.

The Department of Education stopped the guarantee program in 2012. Those loans were called FFEL.

As for the existing loans, of which there are still many, the banks could still enforce those guarantees on the government, even if the Dept of Ed shuts down. They have a contract.

Hi Jay! Thrilled to be here and thrilled to see you as well.

I think we have a lot of important work ahead of us, and if you'd like to collaborate on anything or if I can be of any assistance, please don't hesistate to reach out.

This will be a student loan feed.

As with my site, I'll always endeavor to be fact-based and to help borrowers navigate the difficult quesitons they face with their student loans.

I'm a borrower too, so while I can't and won't shy away from bad news, you'll get empathy every step of the way.

The big takeway here is that there is a lot more to SAVE than what is being challenged in the lawsuits, and how it is ultimately disposed of has a huge impact on most borrowers.

These individual provisions only impact a small subset of borrowers, but if we look at them as a group, the impact is much greater.

One of the big flaws with REPAYE was that couples couldn't file taxes separately to exclude spousal income. If SAVE reverts back to REPAYE (a likely outcome), it would be a big win for couples if the SAVE rule allowing them to file separately also survived.