I think they actually managed to thread the needle on student debt

[Recursion]

I didn't think it could be done, but they did it.

This helps people who need help (particularly the new income driven rules with a payment cap at 5% of income above 225% of the FPL) without giving a six-figure check to dentists and management consultants.

Now we need to elect enough Democrats to finish the job and reform college tuition and fees.

EDIT: 225%, not 150%

[leftstreet]

1. Student loans also need to be dischargeable through bankruptcy

[Recursion]

2. They're dischargeable after 20 years without the credit hit of bankruptcy

The new payment cap at 5% of income above 150% of the FPL is a real game-changer. The problem is getting people on the IDR plans. I hope that they can just mass move everyone making less than 150% of the FPL to a $0 payment plan.

[Johnny2X2X]

3. 225%

They changed the calculation on discretionary income to exempt 2.25 times FPL.

This is the part of the bill that does a lot to fix the system.

[Recursion]

4. Oh dang I missed that, good call

That's huge. A single mom with one kid making $27K pays nothing. If she's making $30K her monthly payment is $12.50. That's awesome.

[questionseverything]

5. So going forward people just borrow planning to use this ?