Once upon a time, you either accrued #studentdebt in Australia through HELP because you didn't earn enough to repay it, or you paid your debt down because you were earning more.
But in 2020, a new group of people appeared: the ones being asked to repay their HELP debt, even as indexation pushes them further up river.
The government's new pre-Budget policy will reduce this to about 1 in 10, but as long as we have lower repayment rates, this class of of people is here to stay.
Particularly, if you can testify to how the proposed rule would affect you specifically (or how debt covered by the proposal is burdening you), that's most helpful.
How small do you have to be to resent students with crushing school debt getting a helping hand from the government?
For what it's worth, I paid off every penny of tens of thousands in student debt, and I'm proud of the Biden Administration for providing relief for others.
"'Nationally, the primary physician works hard and has a lot of responsibilities but not well compensated compared to other specialties, so if you and me are in the same class and we have the same amount of debt, but you chose a specialty, I'm choosing to be a family physician, my pay is about half of yours,' Xu said."
#Republicans Are Suing to Block Another #Biden Plan to Provide #StudentDebt Relief;
They’re trying to shut down a program that lowers monthly payments for millions.
The Department of Education has announced a new proposed rule that would allow one-time automatic student debt relief for borrowers who have an 80% chance or higher of defaulting on their loan in two years. #StudentDebt