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Study Hall: Understanding Biden's Student Loan Forgiveness Program · Earn Your Leisure

• 0:00
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 0:03
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 0:07
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 0:11
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 0:15
  Speaker 1: some of the heinous migrant criminals caught because of President
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  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 0:23
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 0:28
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 0:31
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 0:35
  Speaker 1: are here illegally, your next you will be fined nearly
• 0:39
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 0:43
  Speaker 1: never return. But if you register using our CBP home
• 0:46
  Speaker 1: app and leave now, you could be allowed to return legally.
• 0:50
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 0:55
  Speaker 1: border and families will be protected.
• 0:57
  Speaker 2: Sponsored by the United States Department of Homeland Security.
• 1:00
  Speaker 3: So we posted last week couple weeks ago that Biden
• 1:04
  Speaker 3: announced to cancel more than five million dollars and student
• 1:06
  Speaker 3: loan debt, more money additional and a lot of people
• 1:09
  Speaker 3: you know they was confused. They're like, well, I don't
• 1:11
  Speaker 3: know anybody that has received any cancelations doing loans and
• 1:14
  Speaker 3: people it was like, well I actually did receive cancel
• 1:17
  Speaker 3: I saw the comments.
• 1:17
  Speaker 2: Yeah yeah, yeah, So.
• 1:18
  Speaker 3: What exactly what exactly happened and who actually benefits from this?
• 1:23
  Speaker 4: So here's what's going to happen. We're going to see
• 1:25
  Speaker 4: more and more headlines like five billion, five. We're going
• 1:28
  Speaker 4: to just see all these headlines because it's coming up.
• 1:31
  Speaker 4: Anybody know, election, So this is going to be the
• 1:36
  Speaker 4: carrot if you will, to get people to re elect
• 1:38
  Speaker 4: in terms of our age groups. So you figure anywhere
• 1:41
  Speaker 4: from like age thirty to like fifty five, the student
• 1:44
  Speaker 4: loan carrot is definitely going to keep being pulled. So
• 1:47
  Speaker 4: he did actually give out money, and I do know
• 1:50
  Speaker 4: from my community a lot of people been in from it.
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  Speaker 4: Now let's talk about who benefited from it the most.
• 1:57
  Speaker 4: You probably were over age forty five. You probably were
• 2:01
  Speaker 4: in school like nineteen ninety five to two thousand, because
• 2:04
  Speaker 4: there was a time period around that type of money
• 2:06
  Speaker 4: that he gave out. And the term here is called
• 2:08
  Speaker 4: income driven repayment. They were looking to see were you
• 2:13
  Speaker 4: in school in repayment? For twenty twenty five years. And
• 2:17
  Speaker 4: then here's the thing. They even made some exclusions. Let's
• 2:20
  Speaker 4: say you weren't in repayment, but you had loans that
• 2:24
  Speaker 4: amount of time in repayment they hit for forgiven. Well,
• 2:28
  Speaker 4: we might get into it, but there was a big
• 2:30
  Speaker 4: glitch that occurred recently too. So even though they put
• 2:33
  Speaker 4: the headline out there about the five I think it
• 2:35
  Speaker 4: was billion, right, billion, we're using terms of billions.
• 2:38
  Speaker 3: Now we saying billions, billion, five.
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  Speaker 4: The challenge is is that there were about over nine
• 2:44
  Speaker 4: million people left out in that last round. So this
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  Speaker 4: is the first time ever that they actually made an
• 2:49
  Speaker 4: announcement that they messed up. I was very big with
• 2:53
  Speaker 4: the Department Education.
• 2:53
  Speaker 5: I feel like they always messing up.
• 2:55
  Speaker 4: Well, they actually said they did it though, So what
• 2:57
  Speaker 4: happened was there's literally what they did is they push it.
• 2:59
  Speaker 4: But it's like a real one button, and if you
• 3:02
  Speaker 4: qualify according to their system, you would have got the email,
• 3:05
  Speaker 4: you get the letter. Things go into perspective, well, a
• 3:08
  Speaker 4: lot of people, over nine million people got skipped because
• 3:11
  Speaker 4: if you had just consolidated a few years prior or
• 3:15
  Speaker 4: you know how all these loans are being transferred to
• 3:17
  Speaker 4: different lenders. The lenders aren't showing the full loan history,
• 3:21
  Speaker 4: so a lot of people accidentally got skipped.
• 3:24
  Speaker 5: So who would the lenders that that would qualify, because
• 3:27
  Speaker 5: I know, I mean, any federal.
• 3:29
  Speaker 4: Letters can qualify. But the problem is is, let's give
• 3:33
  Speaker 4: it a good example. You know how everybody went from
• 3:35
  Speaker 4: FED loans to Mohilia that was in the public service
• 3:38
  Speaker 4: long forgiveness. Well, just because you went over to Mohilla
• 3:40
  Speaker 4: doesn't mean all your history went with you. And there
• 3:43
  Speaker 4: used to be an old system if your education you'll
• 3:45
  Speaker 4: know it called NSLDS. It actually used to be open
• 3:49
  Speaker 4: to the public until the pandemic. We all could have
• 3:52
  Speaker 4: looked at everybody's loan history on that site. Colleges and
• 3:57
  Speaker 4: universities use it. Now it's a private side, so if
• 4:01
  Speaker 4: you want what's called your pre conversion record, you have
• 4:04
  Speaker 4: to request it from the Department of Education. Now it's
• 4:08
  Speaker 4: very so it's very elusive and it's actually not beneficial
• 4:12
  Speaker 4: to just the everyday person to be able to track
• 4:14
  Speaker 4: their progress. You used to contract how long you were
• 4:17
  Speaker 4: in for bearans for payment in school. Those are the
• 4:20
  Speaker 4: type of pieces of information you need to fight for
• 4:23
  Speaker 4: yourself to get your loans forgiven.
• 4:25
  Speaker 3: So okay, so how do you apply for that?
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• 6:22
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 6:26
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 6:30
  Speaker 1: accused of murdering a Texas. Man of Venezuelan charged with
• 6:34
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 6:38
  Speaker 1: some of the heinous migrant criminals caught because of President
• 6:42
  Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States
• 6:45
  Speaker 1: Secretary of Homeland Security under President Trump, attempted illegal border
• 6:50
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 6:54
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 6:57
  Speaker 1: were here illegally, your next you will be fine nearly
• 7:01
  Speaker 1: one thousand dollars a day, imprisoned and deported, you will
• 7:05
  Speaker 1: never return. But if you register using our CBP home
• 7:09
  Speaker 1: app and leave now, you could be allowed to return legally.
• 7:12
  Speaker 1: Do what's right, leave now. Under President Trump, America's laws,
• 7:17
  Speaker 1: border and families.
• 7:19
  Speaker 2: Will be protected sponsored by the United States Department of
• 7:21
  Speaker 2: Homeland Security.
• 7:22
  Speaker 3: Pre conversion or which part did Joe Biden what he
• 7:25
  Speaker 3: just did?
• 7:26
  Speaker 4: Okay, So if you missed it, a lot of people
• 7:28
  Speaker 4: missed it, Like I said, over nine million people missed it.
• 7:31
  Speaker 4: What you would have to do is file a complaint.
• 7:33
  Speaker 4: So we actually have something we're putting together and we've
• 7:35
  Speaker 4: been helping people one on one file a complaint. So
• 7:38
  Speaker 4: the cool thing about it is is that it's going
• 7:41
  Speaker 4: to take them about let's say three to six months
• 7:44
  Speaker 4: from now, with December December, so three to six months
• 7:49
  Speaker 4: from now, they're going to literally go through each person's complaint.
• 7:51
  Speaker 4: So that department is called the Obuzman Group. They'll look
• 7:54
  Speaker 4: through they'll say, hey, we shout out, You're right, you
• 7:57
  Speaker 4: should have been forgiven. We didn't see your pre conversion,
• 8:00
  Speaker 4: your record from prior. Some people will be so no,
• 8:02
  Speaker 4: let's say you were in grad school for forever. You
• 8:04
  Speaker 4: weren't in repayment. Then, so you have to literally submit
• 8:09
  Speaker 4: a complaint through student aid dot gov. Right, And it
• 8:12
  Speaker 4: can't be like I'm upset y'all didn't forgive me, so
• 8:19
  Speaker 4: they're going to close it out. It has to be
• 8:21
  Speaker 4: thought out, and you should even like highlight or be
• 8:24
  Speaker 4: prepared to say if you know which loans you believe
• 8:27
  Speaker 4: could be forgiven, so spend a little time on it.
• 8:30
  Speaker 2: Gotcha? Gotcha?
• 8:31
  Speaker 5: So that was for the nine million people, the biggest one.
• 8:34
  Speaker 5: And when you came in, you're like, try how your
• 8:36
  Speaker 5: loan's doing.
• 8:38
  Speaker 4: I just knew you was going to say they were going.
• 8:39
  Speaker 4: I was excited.
• 8:41
  Speaker 5: Well, there's some confusion around, right, because I feel like
• 8:43
  Speaker 5: they make a mistakes. So the public service loan forgiveness. Yes,
• 8:46
  Speaker 5: so there's a couple of things around it. Let's just
• 8:48
  Speaker 5: explain to the people again what that is. And then
• 8:50
  Speaker 5: I know there's a bunch of dates. So I even
• 8:52
  Speaker 5: I get the emails like, hey, this is expiring by
• 8:55
  Speaker 5: the October, so we'll start there and then we'll dive
• 8:58
  Speaker 5: into the some of the miss conceptions and confusion around
• 9:01
  Speaker 5: the public service lover.
• 9:02
  Speaker 4: So just depending on the audience that's watching this, most people,
• 9:06
  Speaker 4: I would say, just even think about your events are
• 9:09
  Speaker 4: between thirty and fifty. Would you say that's about right?
• 9:11
  Speaker 2: Yep.
• 9:11
  Speaker 4: So if you're between forty and fifty, you got to
• 9:14
  Speaker 4: be careful here. You want to log in the studenta
• 9:16
  Speaker 4: dot gov and you want to look at your loans
• 9:18
  Speaker 4: click view details, and you want to see if it
• 9:21
  Speaker 4: says that you have a direct loan, very important. If
• 9:24
  Speaker 4: you have what's called a f f ELP loan, that's
• 9:27
  Speaker 4: not going to work. So it has to be direct loan.
• 9:30
  Speaker 4: That's all you need to know. Then you'll be eligible
• 9:32
  Speaker 4: for any forgiveness programs coming up, even by the loan forgiveness.
• 9:36
  Speaker 4: But they're doing something really really I don't want to
• 9:38
  Speaker 4: say sneaky, but one email went out about it. If
• 9:41
  Speaker 4: you have an f f el P loan, you have
• 9:44
  Speaker 4: until December thirty first.
• 9:46
  Speaker 5: This year this year to apply to apply.
• 9:50
  Speaker 4: Or you will never get anything forgiven. This is a
• 9:54
  Speaker 4: heavy word to say never, okay, but the administration is
• 9:58
  Speaker 4: said you will never might there be using because here's
• 10:01
  Speaker 4: what's going to happen.
• 10:02
  Speaker 3: So this will come out in January.
• 10:03
  Speaker 4: So this is just for so okay, So if you
• 10:07
  Speaker 4: had watched this, you know, and I'm not to be funny,
• 10:13
  Speaker 4: but I would really hope that they're leaning on that
• 10:16
  Speaker 4: and they sometimes make extensions because I'm not trying to
• 10:18
  Speaker 4: be funny when I say only one email has gone
• 10:20
  Speaker 4: on about this. So what will happen is is if
• 10:24
  Speaker 4: somebody's watching this in January, good to know you will
• 10:27
  Speaker 4: want to if you have missed this information, you will
• 10:30
  Speaker 4: want to contact the Department Education, not your lender, and
• 10:33
  Speaker 4: see if there's any way that you can get an extension. Now,
• 10:36
  Speaker 4: what might happen, which is important to note go to
• 10:39
  Speaker 4: student A dot got for this update. There may be
• 10:42
  Speaker 4: an extension given because when we look at the data,
• 10:45
  Speaker 4: that's over ten million people, and we know that there's
• 10:48
  Speaker 4: forty three million barbers. Ten million are going to be
• 10:50
  Speaker 4: excluded from forgiveness forever because of their will.
• 10:52
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 10:56
  Speaker 1: in Massachusetts. An MS thirteen gang member from Elsu accused
• 11:01
  Speaker 1: of murdering a Texas man of Venezuelan charged with filming
• 11:05
  Speaker 1: and selling child pornography in Michigan. These are just some
• 11:09
  Speaker 1: of the heinous migrant criminals caught because of President Donald J.
• 11:13
  Speaker 1: Trump's leadership. I'm Christy Noman, the United States Secretary of
• 11:16
  Speaker 1: Homeland Security. Under President Trump, attempted illegal border crossings are
• 11:21
  Speaker 1: at the lowest levels ever recorded, and over one hundred
• 11:25
  Speaker 1: thousand illegal aliens have been arrested. If you are here illegally,
• 11:29
  Speaker 1: your next you will be fined nearly one thousand dollars
• 11:32
  Speaker 1: a day, imprisoned, and deported. You will never return. But
• 11:37
  Speaker 1: if you register using our CBP home app and leave now,
• 11:41
  Speaker 1: you could be allowed to return legally. Do what's right.
• 11:44
  Speaker 1: Leave now. Under President Trump, America's laws, border and families
• 11:49
  Speaker 1: will be protected.
• 11:50
  Speaker 2: Sponsored by the United States Department of Homeland Security.