Currently, roughly 5.3 million borrowers are in default on their federal student loans.
The Trump administration ’s announcement marks an end to a period of leniency that began during the COVID-19 pandemic. No federal student loans have been referred for collection since March 2020, including those in default. Under President Joe Biden, the Education Department tried multiple times to forgive millions of people’s student loans, only to be stopped by courts.
“American taxpayers will no longer be forced to serve as collateral for irresponsible student loan policies,” Education Secretary Linda McMahon said.
They should do that to the auto industry and the banking industry as well, if they are doing it for the student industry.
Illegal immigrantsimmigrantsminoritiesstudents- women?
- atheists?
- stable income workers? (They are getting money which is infuriating)
- gig workers? (They are also getting money?? Why isn’t everyone
a slavevolunteering) - anybody but them?
“American taxpayers will no longer be forced to serve as collateral for irresponsible student loan policies,” Education Secretary Linda McMahon said.
You do realize that the people in default are taxpayers, and this is going to make it worse for them and other taxpayers, right? McMahon is such an idiot.
She asked A-one what to do
My favorite is that we’ll still be collateral for irresponsible banks, politicians, tech bros, and war/genocide. But thank God my taxes won’t be paying for someone’s education. 🙃
Tough. Honestly every one should tell them to fuck off until trump and crew are gone. No cash to the feds. Not a dime.
What could possibly make him more popular?
As if anything mattered
Good luck with that. Lol can’t get blood from a stone. Once it goes to collection can it be cleared by bankruptcy? Since collections are now holding the loan?
To successfully have both private and federal student loans discharged in bankruptcy, you must show that repaying the loans causes an “undue hardship” on you and your dependents. That’s a tougher standard than those who file for bankruptcy must show to discharge credit card debt, personal loans or past-due utility bills. In many cases, however, it’s worthwhile to try to show you meet this standard if you have a case for it.
There are alternatives to bankruptcy if your loan payments are unaffordable, and since bankruptcy has serious consequences for your credit and financial life, look into those first. If bankruptcy is the right choice for you, here’s how it can wipe out or reduce student loan debt. Source
How many people are up and current on their loans with zero problems? Let’s check the notes… aaaaand it’s under 40%.
It’s a good thing the entire system hasn’t been a complete dumpster fire for the last few years. I’m sure Mohela got it figured out by now.
