President Donald Trump said the Small Business Administration will absorb the US Department of Education’s massive student loan portfolio as he seeks to dismantle the agency and shift more power over education to the states.
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Closing DOE with 'any' parts have no benefit to our country! IT'S PURE HARM ON THE INTELLECTUAL MINDS WHO ARE THE ONLY SOURCES TO MAKE AMERICA GREAT AGAIN AND WHO CAN "ONLY BE ACHIEVED THROUGH INVESTING ON EDUCATION" VIA DEVELOPING IT, NOT VIA ENDING IT! DOJ IS BY FAR WORTHY THAN AI AND IT'S BUDGET!
Most likely SBA will do what the DOE already did: farm out the loan servicing to venders like Nelnet, Sallie Mae, etc. Plus, w/ a reduced staff, SBA won't be able to process $Trillions of dollars in student loans themselves. The loans will just change servicers, if they even survive.
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The administration has no idea how they will move student loans to another agency. They think that will be easy?? Students should prepare for slow loan funding and a non functioning FAFSA this fall.
States and local school board ALREADY HAVE POWER OVER EDUCATION... The US Department of Education functions as a civil rights organization, THAT'S why Trump is attacking it
Power to do, what can you clarify?
If all of the functions that were under the DOE are absorbed by other agencies, how much power or money are the states getting?
Sorry but my contract was signed between the department of Ed not the SBA so I’m not paying shit… they can use the social security money I’ve paid in for 16 years
That's a bold move! Merging those two agencies could create some interesting outcomes for both education and small business sectors. It'll be crucial to see how this plays out and impacts student loans moving forward.
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Also tried to call MOHELA, and was told it was a 6-hour wait.
At least eggs got cheap!
Forensic evidence of all the shenanigans that have occurred since he took over!
https://www.youtube.com/watch?v=pcDWmmNzbTg
#F47fighterjet #advancedmilitaryaircraft #stealthfighter #nextgenwarplane #modernaircombat #militarytechnology #defensenews #geopoliticaltensions #aerialsupremacy #cuttingedgeaviation #USAirForce
2. This is incredibly harmful to the country and stupid, like everything else he’s doing.
3. Which states? Red states are the most poorly educated consistently. Wonder why?
https://apnews.com/article/sba-small-business-loeffler-doge-ba0be2d55f65f9a3e0e453d4c72ce6ab
Saying he’s nuts lets him off the hook and blames insanity rather than him and his conscious intentional choices. Removes his agency.
He’s not crazy - he’s a fucking asshole and a criminal.
My advice, stop paying your student loan.
If all of the functions that were under the DOE are absorbed by other agencies, how much power or money are the states getting?
Seems like fuck all?
Download and store every loan contract you have, account statement, and payment history, and store in a safe place.
Do not volunteer this information to any loan servicer that may contact you.
If they lose your account in the mayhem that’s their problem.
I wonder how anyone actually has debt or assets if auto pen is not valid.
Did you hand sign it?
Or is that a Cheeto only rule?
Someone forced my to sign so I signed duress.
Ask for a physical copy of your signature.