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Student Debt Crisis Center

@debtcrisisorg.bsky.social

2 Following208 Followers

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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@debtcrisisorg.bsky.socialOct 11, 2026, 4:00 PM

"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

@debtcrisisorg.bsky.socialOct 10, 2026, 4:00 PM

"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

@debtcrisisorg.bsky.socialOct 10, 2026, 6:21 AM

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...

@debtcrisisorg.bsky.socialOct 10, 2026, 12:20 AM

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! 🎓

@debtcrisisorg.bsky.socialOct 9, 2026, 7:00 PM

Imagine paying your mortgage for years and owing more on the house. Student loan borrowers live that every day.

@debtcrisisorg.bsky.socialOct 9, 2026, 7:00 PM

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...

@debtcrisisorg.bsky.socialOct 9, 2026, 6:00 PM

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...

@debtcrisisorg.bsky.socialOct 9, 2026, 5:00 PM

"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

@debtcrisisorg.bsky.socialOct 9, 2026, 4:01 PM

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/...

@debtcrisisorg.bsky.socialOct 9, 2026, 1:00 PM

Check your registration to vote. Make a plan. Cancel student debt.

@debtcrisisorg.bsky.socialOct 8, 2026, 9:00 PM

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...

@debtcrisisorg.bsky.socialOct 8, 2026, 8:00 PM

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...

@debtcrisisorg.bsky.socialOct 8, 2026, 8:00 PM

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...

@debtcrisisorg.bsky.socialOct 8, 2026, 7:00 PM

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.

@debtcrisisorg.bsky.socialOct 8, 2026, 6:00 PM

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...

@debtcrisisorg.bsky.socialOct 8, 2026, 5:01 PM

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...

@debtcrisisorg.bsky.socialOct 8, 2026, 5:00 PM

"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

@debtcrisisorg.bsky.socialOct 8, 2026, 1:00 PM

A lower cost of living starts with lifting the student loan debt that follows people for decades.

@debtcrisisorg.bsky.socialOct 8, 2026, 6:21 AM

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...

@debtcrisisorg.bsky.socialOct 8, 2026, 12:20 AM

Using massive dysfunction and slow processing times, ED is quietly shadow repealing a program many student loan borrowers have waited years to be considered for -- PSLF buyback. While still legally on the books, ED's workarounds are limiting access.

www.forbes.com/sites/adammi...

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