The 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 old forgiveness plan with lower principal loan and income levels.
Additionally, if you're making your monthly payments, no interest accrued.
In the context portion of the community note, there’s a link to a NYT article about the shady funding of one of the board members of Code Pink and a big donor to anti-war protestors like them.
He claims to not work with/for the Chinese government but from the article:
But Mr. Singham, 69, himself sits in Shanghai, where one outlet in his network is co-producing a YouTube show financed in part by the city’s propaganda department. Two others are working with a Chinese university to “spread China’s voice to the world.” And last month, Mr. Singham joined a Communist Party workshop about promoting the party internationally.
I can’t tell, and none of the articles I’ve seen about this mention, if these protestors were Code Pink or one of the groups associated with Sigham.
EDIT: I want to make clear, I’m not trying to justify or support the article or the shitty person who originally tweeted it, just pointing out the context for the actual statement Pelosi made about going “back to China where your headquarters is”
It’s a new payment plan, so applies to new student debt as well.
If I’m reading the StudentAid.gov correctly, the SAVE plan has the following: