Pay your debts
Does this include COVID loans taken by politicians for their side hustles?
Ok, so they could just declare bankruptcy and they wouldn’t have to pay back the loan.
Yes Spidey, if you can’t pay your student loan debts and any other debts, you should file for bankruptcy.
We can see why you couldn't afford California.
Student Loan debt survives bankruptcy.
I sure don’t miss those punitive income taxes and am grateful Prop 13 is still protecting my CA property tax rates. If you live there and pay taxes (highly doubtful), thanks for picking up the tab.
Nice. Don’t ask for student loan forgiveness. Pay your debt.
This takes us in the opposite direction from where America should be going -- toward a society where higher education is as free to the student as primary or secondary education, like in Europe.
Well, how about that! I wasn't aware of ANY relief from student loansAnd then there’s this:
https://www.npr.org/2020/01/22/7973...ptcy-can-wipe-out-student-loan-debt-after-all
So, yes, an individual can get relief from student loan debt through bankruptcy- but it is NOT good for the economy if millions of students with crushing debt are FORCED to go that route. Unfortunately, with the latest draconian action from this racist, fascist, ignorant administration, I suspect thing are going to escalate quite rapidly, thus adding to the current economic crisis that DonOld created.
We. Told. Them. So.
I’m loving that the irony is totally lost on you.
Well he has a point. There'd be a hell of a lot less Lawyers if that was the case....
That was written by A1.
Linda McMahon: Accountability Returns to Student Loans
We’re ending a Covid-era deferment plan that Biden kept in place far too long.
President Biden never had the authority to forgive student loans across the board, as the Supreme Court held in 2023. But for political gain, he dangled the carrot of loan forgiveness in front of young voters, among other things by keeping in place a temporary Covid-era deferment program. Thus the Education Department allowed students to rack up a massive debt that is now long past due.
Between 2021 and 2024, federal student-loan debt increased by more than $60 billion a year, while the department manipulated repayment plans and forgiveness policies until only 38% of the student-loan portfolio was in repayment. This is unsustainable for both students and taxpayers.
I am announcing the end of this dishonest and irresponsible policy. We will conform the department’s repayment options to federal court decisions and end the Biden-era practice of zero-interest, zero-accountability forbearances that are pushing borrowers into loan delinquency and default. On May 5, we will begin the process of moving roughly 1.8 million borrowers into repayment plans and restart collections of loans in default. Borrowers who don’t make payments on time will see their credit scores go down, and in some cases their wages automatically garnished.
https://www.wsj.com/opinion/account...8da8d?st=bPgn4F&reflink=article_copyURL_share
In fact, just about every policy of this administration does that.
Linda McMahon: Accountability Returns to Student Loans
We’re ending a Covid-era deferment plan that Biden kept in place far too long.
President Biden never had the authority to forgive student loans across the board, as the Supreme Court held in 2023. But for political gain, he dangled the carrot of loan forgiveness in front of young voters, among other things by keeping in place a temporary Covid-era deferment program. Thus the Education Department allowed students to rack up a massive debt that is now long past due.
Between 2021 and 2024, federal student-loan debt increased by more than $60 billion a year, while the department manipulated repayment plans and forgiveness policies until only 38% of the student-loan portfolio was in repayment. This is unsustainable for both students and taxpayers.
I am announcing the end of this dishonest and irresponsible policy. We will conform the department’s repayment options to federal court decisions and end the Biden-era practice of zero-interest, zero-accountability forbearances that are pushing borrowers into loan delinquency and default. On May 5, we will begin the process of moving roughly 1.8 million borrowers into repayment plans and restart collections of loans in default. Borrowers who don’t make payments on time will see their credit scores go down, and in some cases their wages automatically garnished.
https://www.wsj.com/opinion/account...8da8d?st=bPgn4F&reflink=article_copyURL_share
