Electricdoggo@lemmy.worldtoUnited States | News & Politics@lemmy.ml•Biden administration forgives $39 billion in student debt for more than 800,000 borrowersEnglish
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1 year agoThe forgiveness applies to anyone who enrolls in the new plan, not just existing loans.
New plan is 10 yrs for <= $12k in loans, increasing a year for every $1k additional, so for example, someone who takes out $20k in loans can have the remainder forgiven after 18yrs of payments.
The 20/25 yrs was the oldest forgiveness plan with lower principal loan and income levels.
Additionally, if you’re making your monthly payments, no interest accrued.
So, question of if they’re safe or not will come down to HOW they did the reverse engineering. If the same engineers that delved into the jailbroken iOS devices are the ones that wrote the code (which seems likely given the prototype came from a single person), they’re going to be in trouble. If they implemented a “clean room” reverse engineering though, then they’re likely safe from being sued over copyright violations. See Wiki