#fafsa

Unprecedented Actions by Trump Administration Halt Financial Lifelines; What’s Next for American Citizens? In an astonishing turn of events that has sent shockwaves through the United States, President Donald Trump has ordered an immediate and sweeping freeze on all federal grants and loans, effective immediately. This decision, outlined in a memo by Matthew Vaeth, the acting director of the…

"If parents call colleges freaked about their FAFSA data being leaked, schools may have to issue statements — which would reach a whole lot more families about how warped this is.

Organizing isn’t always calling electeds. Sometimes it’s just calling people with a bigger megaphone."

The Biden-Harris administration pushed through a proposal to forgive a flat $10,000 of federal student loans to borrowers making less than 125k a year which was struck down by Republicans who took the issue to court and was ultimately struck down by the Conservative majority Supreme Court.

Even with the Supreme Court striking down the Biden-Harris administrations federal student loan forgiveness program, they were still able to use other executive means to forgive $190 billion dollars worth of student loans for over 5 million borrowers.

Seems like we are not seeing any type of federal student loan forgiveness pathway anytime soon.

Basically, the FAFSA fucked me over. They didn’t fix their algorithm to account for modern poverty and inflation, and I’m currently ineligible for Pell. This is an issue because—spoiler alert—I’m poor! I am financially eligible for Pell! I’m contacting FAFSA and my local senators about this really grave computer error.

Is there anything I can do financially to help save money in this time? Or at least anything I can do to freak out less 😅

Darling, we are SO PROUD OF YOU for contacting your reps and the FAFSA people. That is exactly what you should be doing, and it's not easy so good on ya. Let us know how it goes.

Other than that, this is everything we know about paying for school:

How To Pay for College Without Selling Your Soul to the Devil 

Also, the comments are open if anyone else has ideas!

this is america-centric but pls spread this around if you think any of ur mutuals could use the info.

If you're currently shitting yourself thinking how you're gonna start making student loan payments again, I suggest taking a deep breath, first off. Get comfy, put on some music and strap in.

If you got your student loans through the Federal Student Aid program FAFSA, then you can apply for an IDR (Income Driven Repayment plan) called SAVE.

what is SAVE?

This got my $115 monthly payment down to $40 a month, if you don't work or you can't afford much, this has the potential to reduce your payment even further.

Alls you need to do is go to https://studentaid.gov/idr/ and log into your federal student aid account, there's a section for both first time applicants and returning borrowers who previously may have had an IDR.

Even if you've done an IDR before! Look into the SAVE plan!! It forgave about 10k of debt for me!

Anyway, first time applicants can click the first option, "Apply for an Income-Driven Repayment Plan" and just go through and answer all their prompts, make sure you have all your financial information on hand (tax returns, most recent pay stub, etc) and go through the prompts until it gives you the option to apply for the SAVE plan. CLICK IT!

It should let you know at the end exactly how much you'll be paying per month and you should get an email confirmation as well. Any account specific questions should be directed to their call center +1 (800) 433-3243

GOOD LUCK AND BE PATIENT, THE SITE IS SLOW AS SHIT.

DON'T GIVE UP! I BELIEVE IN YOU!!