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Student Debt Crisis Center

@debtcrisisorg.bsky.social
210 followers 2 following 1.4K posts

Student Debt Crisis Center is a national advocacy organization calling for fundamental reforms to student loan policies and an end to the student debt crisis once and for all.

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Student Debt Crisis Center @debtcrisisorg.bsky.social · 8h
"Owe 130% of loans amount I borrowed due to capitalized interest. Never been delinquent. Was in SAVE, payment under $500, switching to IBR and expect payment to be $1250. Hoping PSLF will work for me, I'm at 67 payments but have 8 years qualifying employment" -Anon Borrower
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 16h
Student Debt Crisis Center condemns the secret Trump Administration plan to remove the Federal Student Aid office from the Department of Education and establish it as an independent agency. Read the full statement on our website: www.studentdebtcrisis.org/post/secret-...
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 17h
Some borrowers moving out of the SAVE Plan have been given a "final notice" extending their deadline to select an alternate repayment plan by 30 days. ED has said all SAVE borrowers will receive their 90 day formal notice by the end of 2026. www.forbes.com/sites/adammi...
forbes.com
Education Department Sends Student Loan Borrowers ‘Final Notices’ With Ominous Warning
The Education Department is ramping up pressure on millions of student loan borrowers to change repayment plans, even as loan servicers appear to extend key deadlines.
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 23h
In the latest escalation of the Trump Administration's attempt to dismantle ED, a new plan was revealed to establish Federal Student Aid as an independent agency by October 2027. FSA manages $1.6 trillion in student loans for 40+ million borrowers. www.commondreams.org/news/trump-f...
commondreams.org
Secret and 'Illegal' Trump Plan to Spin Off Federal Student Aid Office Sparks Outrage | Common Dreams
"This intentional sabotage only threatens to create true financial chaos in people’s lives," said Sen. Patty Murray.
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 16/10/2026
There is no such thing as "good debt." Americans should not be forced to determine if the debt is "worthwhile" for an education. Read more below. www.cnbc.com/2026/10/15/s...
cnbc.com
College was supposed to be ‘good debt.’ For many borrowers, it isn’t paying off
Rising college costs, growing student debt, changing repayment rules and a tougher job market are challenging the idea that student loans are "good debt."
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 16/10/2026
New lending limits implemented as part of the One Big Beautiful Bill rollout are already taking their toll-- especially on graduate students. Check out the article below for details on how the new limits will exacerbate existing workforce shortages. www.kuow.org/news-stories...
kuow.org
‘It will impact everyone.’ UW faculty warn new federal student loan limits could strain health, social services
Several weeks into the 2026–2027 school year, University of Washington students are feeling the impact of recent federal student loan overhauls.
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 16/10/2026
Over a third of U.S. adults are currently paying off a car loan or a student loan. For those who hold both of these kinds of debt at once, the payments can add up to over $1,000 per month. Read more about debt and affordability crisis below. www.washingtonpost.com/business/202...
washingtonpost.com
The hidden divide that makes life so much less affordable for some Americans
New data shows that record-high monthly payments for car loans and student loans are adding huge costs to some budgets.
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 16/10/2026
Rent, groceries, childcare, student debt payment. An affordability plan that skips one of them is incomplete.
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 16/10/2026
"I just turned 81...I had medical bills totaling over over $500k of which 20% was mine to pay back. I was paying student loans up to 2011 when I retired...I don’t have a job and find it impossible to pay this loan when all I borrowed was $60,000." - Anon Borrower
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 16/10/2026
Same classes. Same degree. Different starting bank balance. Student debt decides who starts ahead.
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 16/10/2026
Millions of student loan borrowers have no issue paying back their loans. The issue is that financially, they simply cannot afford to. Read the article below for an overview of what the end of SAVE means for borrowers. www.independent.co.uk/us/money/stu...
independent.co.uk
Millions of student loan borrowers face huge payment shock — here’s what is changing
‘I am trying to determine what my new loan payment will be and in no universe can I afford this,’ wrote one borrower
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 16/10/2026
For some student loan borrowers who received a formal notice on July 1, their deadline to exit the SAVE Plan was extended by 30 days by a "final notice" sent to them as their original deadline approached. Read more below. www.businessinsider.com/student-loan...
businessinsider.com
Student-loan borrowers thought they had 90 days to find a new repayment plan. That timeline is changing.
More student-loan borrowers are receiving notices that they have an extra 30 days to leave the SAVE repayment plan, extending the transition deadline.
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 16/10/2026
Student loan borrowers are facing fresh delays associated with the employment certification required for PSLF. These applications, usually only taking days to be processed, are now taking months to be processed. www.forbes.com/sites/adammi...
forbes.com
New Delays Cripple Student Loan Program, Leaving Borrowers Stuck
Borrowers pursuing a popular student loan forgiveness program are reporting fresh delays and roadblocks as Education Department processing problems deepen.
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 15/10/2026
Affordable cost of living is a priority for every working class American this year. Student debt is part of that cost.
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 15/10/2026
"I have grave concerns for how this impacts the influx of providers entering our fields...until there is radical changes made to make attending school more affordable for the American people we are going to see outcomes that are incredibly detrimental" - Anon Borrower
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 15/10/2026
Low-income borrowers with spouses and children could see the biggest increase in their tax bills due to the burden associated with IDR forgiveness. Borrowers in the South could also be hit particularly hard due to larger loan balances and lower incomes. www.forbes.com/advisor/stud...
forbes.com
Student Loan Forgiveness Could Cost Borrowers Up To $12,000 In Taxes—Here’s Why
Student loan borrowers on income-driven repayment (IDR) plans could be taxed an additional $6,000 to $12,000 after they receive debt relief on their balance, a recent report found. A temporary protection that shielded student loan borrowers from being taxed on their canceled balances after comple
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 15/10/2026
Students pick a school, a major, and a first job by asking one question: how much student debt will this add? When you have to ask yourself if the student debt is worth the degree, you know the system is broken.
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 15/10/2026
Between payment counts failing to be updated and a Buyback Program forcing borrowers to wait years for processing, the issues with PSLF must be addressed. Nonprofit and government workers deserve access to the relief they earned. finance.yahoo.com/personal-fin...
finance.yahoo.com
Student loan borrowers in public service are facing roadblocks to debt relief, reports show
Qualified student loan borrowers are facing long waiting periods for Public Service Loan Forgiveness. Here's what to know if you're waiting for your federal student loans to be forgiven.
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 15/10/2026
Sallie Mae is suing her for a balance she claims they told her was paid off. Read more about Hannah's story balancing a full time nursing job and a lengthy legal battle over private student loans below. 💼 www.businessinsider.com/nurse-sued-b...
businessinsider.com
A nurse was sued by her student-loan company. After losing a chunk of her paycheck, here's how it turned out.
She's been representing herself in a lawsuit against her student-loan lender for nearly two years. She finally reached the end of the litigation road.
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 15/10/2026
For lower-income families, IDR forgiveness could grow their tax liability by 11 times their usual rate. For single borrowers, 1 in 4 dollars earned will go to federal taxes after receiving IDR student loan debt relief. There is nothing fair about this. thehill.com/homenews/edu...
thehill.com
Student loan forgiveness could hike tax bill for borrowers, study finds
A new study says tax bills could triple for people who receive student loan forgiveness through income-driven repayment (IDR) plans.  Previously, forgiven student loans were exempt from f…
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 14/10/2026
Shifting repayment rules. Payments that keep going up. Student debt that keeps growing. Borrowers are suffering while lawmakers ignore it.
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 14/10/2026
"Being a first generation college graduate I had hopes of inspiring my family to dream. My college of choice offered me close to 80% of the total tuition costs...I have had consistent struggles with maintaining consistent payments, due to the changes in policy" - Anon Borrower
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 14/10/2026
Say “affordable college” again, then show us the student debt it came with. The broken equation won't be fixed until student debt is cancelled for good.
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 13/10/2026
Lawmakers talk about the cost of living. Student debt is a monthly line in that budget for tens of millions of households.
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 13/10/2026
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 13/10/2026
Working towards Public Service Loan Forgiveness (PSLF) or considering pursuing it? 💼 Check out SDCC's new guide on all things PSLF as we highlight the program during the month of its creation in 2007! 👷🧑‍⚕️🧑‍🏭
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 13/10/2026
"I received aid but not enough to help me finish my MFA. In fact, when I factored in loan interest, I decided to drop out of grad school rather than incur more debt. I hoped that my problem would be resolved while Biden was in office, but we all know how that went" -Anon Borrower
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 13/10/2026
A generation ago, some students could cover tuition with a summer job. Now, students cover student debt with a full-time one. And sometimes even that isn't enough.
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 12/10/2026
Reply with one thing you cut from your budget to keep up with your student debt payment. Borrowers are not giving up luxuries, they are giving up basic needs.
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 12/10/2026
"My loan was $6,000.00 and the interest is around $16,000. I feel defrauded by this country, because I have given many years to my country and this should never happen to people that loved and give the best service for our nation." - Anonymous Borrower
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 12/10/2026
Rent, groceries, student debt payment -- and there is only enough money to pick two that get paid. This is the reality over 9 million Americans in default are facing, and it's not their fault.
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 11/10/2026
"I am 67 years old, and I should not have to repay these loans. I am having to work because I can't live on my social security. IF I did retire today, and had to repay this loan, it would ruin me. I have so many low paying jobs that repayment has been a nightmare." -Anon Borrower
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 10/10/2026
"The government funded theses colleges on our backs with no accountability. Imagine owning a business that the government funds automatically and you can raise the costs without accountability because these loans are not dischargeable through bankruptcy" - Anon Borrower
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 10/10/2026
Over the past few months, borrowers pursuing PSLF have reported major delays in seeing credits count towards their forgiveness. Many borrowers have hit the 120 payments necessary to receive forgiveness and are still waiting for relief to be processed. www.businessinsider.com/student-loan...
businessinsider.com
Student-loan borrowers in public service are facing setbacks with debt relief
Student-loan borrowers who made their final payments toward Public Service Loan Forgiveness are stuck waiting for their debt relief to process.
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 10/10/2026
Are you a Parent PLUS borrower or a parent considering taking out federal student loans for your child? 🤔 Check out Student Debt Crisis Center's new guide with everything you need to know about Parent PLUS loans, recent federal changes to repayment, and more! 🎓
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 09/10/2026
Imagine paying your mortgage for years and owing more on the house. Student loan borrowers live that every day.
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 09/10/2026
A new type of financial aid scam called a "ghost student" scam is occurring where fraudsters steal a person's identity and take out student loans in their name. Sometimes it can take until the loan is in default to realize their identity was stolen. www.investopedia.com/what-to-do-i...
investopedia.com
A New Form of Identity Theft Could Leave You With Student Loans You Never Took Out
Protect yourself from financial aid scams: learn how to detect identity theft, safeguard your credit, and respond effectively to potential fraud.
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 09/10/2026
Over 13 million Americans are currently enrolled in IDR plans, with millions of these borrowers set to pick alternate repayment plans following the end of the SAVE Plan. Read below for a recap on major changes to repayment and IDR plans. www.forbes.com/sites/adammi...
forbes.com
Student Loan Repayment Plan Changes Impact 13 Million Borrowers
The Education Department is in the process of implementing major reforms to student loan repayment programs, with particularly big changes to income-driven repayment.
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 09/10/2026
"I have been out of school for eight years and unable to use my degree because it decreases my wages significantly. With everything costing so much today, I could never afford to do loans. I would currently have to go bankrupt on a loan from the bank" - Anonymous Borrower
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 09/10/2026
The extra income reported for student loan forgiveness on IRS forms could double or even triple tax bills for millions of borrowers pursuing IDR forgiveness. Check out the article below for more details. www.usatoday.com/story/money/...
usatoday.com
Student loan forgiveness is a ticking tax bomb again, study warns
A tax exemption for student loan forgiveness expired, meaning borrowers could face a big, surprise bill from the IRS.
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 09/10/2026
Check your registration to vote. Make a plan. Cancel student debt.
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 08/10/2026
Federal student loan borrowers still have two and a half months to sign up for autopay and receive an additional 0.75% interest rate cut. Enrolling in autopay is a personal decision. Read more below. www.pbs.org/newshour/edu...
pbs.org
Student loan borrowers have more time to reduce interest rates. Here's what to know
The original deadline was Sept. 30, but the U.S. Department of Education extended it to give borrowers more time to enroll. The rate reduction will last through June 2028.
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 08/10/2026
The federal tax exemption created by the American Rescue Plan Act expired on December 31, 2025, and student loan forgiveness under an IDR plan is taxable again. A new report estimates 2-3 million borrowers will face this tax bomb in the next decade. www.forbes.com/sites/robert...
forbes.com
Student Loan Tax Bomb Could Hit Up To 3.2 Million Borrowers
IDR-based student loan forgiveness is taxable again in 2026, and a new report says up to 3.2 million borrowers could owe. PSLF is still tax-free federally.
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 08/10/2026
Starting in 2026, millions of federal student loan borrowers earning debt relief under an Income-Driven Repayment (IDR) Plan may face "tax bombs" of up to $12,000. Borrowers with higher balances may be subject to even more burdensome taxes. www.forbes.com/sites/adammi...
forbes.com
3 Million Student Loan Borrowers Could Face $12,000 Tax Penalty, Warns Group
Millions of federal student loan borrowers are now at risk of facing massive tax penalties, an advocacy group warned this week, after Congress changed the tax code.
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 08/10/2026
A forbearance can feel like relief. Borrowers shouldn't have to take a forbearance and continue to accrue interest on their student loans just to avoid default.
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 08/10/2026
Federal Student Aid, an office of ED, temporarily removed the Borrower Defense to Repayment Tool from a new portal they transitioned to on Sunday after identifying an issue. There is no timeline on when the tool will come back up again. www.forbes.com/sites/fionar...
forbes.com
Federal Student Aid Temporarily Takes Down Borrower Defense Tool
Schools are unable to review allegations from students they misled them about loans while it’s down.
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 08/10/2026
Submitted a PSLF Buyback application or considering it? Check out the article below for the latest on the application backlog, forgiveness timelines, and other important factors to consider. 📝 www.studentloanplanner.com/pslf-buyback...
studentloanplanner.com
How to Handle Your Student Loans When You Apply for PSLF Buyback
Waiting on PSLF Buyback doesn't pause your student loan bill. Weigh the pros and cons of paying versus forbearance before you choose a path.
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 08/10/2026
"It’s the compounding interest that concerns me the most. Also, Nelnet’s recorded message says if you are on the SAVE repayment plan you don’t have to do anything til 2028. They say NOTHING about the compounding interest. Many borrowers are in for a rude surprise." -Anon Borrower
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 08/10/2026
A lower cost of living starts with lifting the student loan debt that follows people for decades.
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Student Debt Crisis Center @debtcrisisorg.bsky.social · 08/10/2026
The Dept of Education recently made two new announcements: the introduction of the Defaulted Loans Support Center and an extension for borrowers to enroll in autopay and receive a 1% interest rate reduction. Read more below. www.newsweek.com/student-loan...
newsweek.com
Student Loan Update: Two Major Changes Coming for Federal Borrowers
The administration has extended the deadline to secure an interest rate deduction.
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