The Department of Education says it will resume collections on May 5 and send wage garnishment notices "later this summer." Here's how to know — and what to do — if you'll be affected.
Comments
Log in with your Bluesky account to leave a comment
How long until they criminalize defaulting. Or make you ineligible for Medicare or EBT if you've defaulted (and that's probably going away anyway). (It doesn't matter bc it sure as FUCK sounds like RFKJR will outlaw SSRIs and without those I'm dead.)
There are three primary ways people can get out of default. The quickest, but hardest, is to repay the loans in full.
"If people could pay the loan in full, they probably wouldn't be in default," Mayotte says. "So that's not really an option for most borrowers in this situation."
The perverse irony is, the greatest con artist ever to occupy the Oval Office, who's been sued most of his adult life for being a deadbeat and for ripping off vendors, and who's driven several businesses to bankruptcy, has the unmitigated gaul to threaten debtors with his illegal EOs. Stunning.
Last Saturday I cited Murkosky admitting that Republicans are too afraid of retribution to stand up to Trump when I quipped that our marine invertebrates show more backbone than the GOP.
A 4-year degree from a state school should be funded by taxes. Education should be available to all without taking on a lifetime of debt.
And, no, Boomers, even holding a full-time job does not "pay your way" through college in the US. That shit ended when you pulled up the ladder after yourselves.
Pay has not kept up with cost of living! Those at the top earn many times more than regular workers! It's too lopsided! People barely get living wages, many more don't even earn that. Callous thing to do at this time while giving billionaires massive tax cuts!
Okay, okay. So his A-holiness is collecting debts on behalf of American Taxpayers, and alsoleveraging huge tariffs on American Taxpayers. Am I the only one seeing this?
In the meantime, President Trump had $270M in debt forgiven after failing to repay lenders for Trump Tower Chicago. Or how about the time he defaulted on a $640 million loan & sued the bank that gave him the money, claiming THEY were to blame.
Interesting read. The article gives warm fuzzies as to the near endless flexibility of payment plans. But the article fails to mention every plan results in accrued interest if the payment is less than interest- speaking of endless loan balances to the grave.
Own a business, requested a PPP loan, ostensibly to make payroll, but really, you never had to prove you needed it? Hey, that's cool, pay us back whenever.
Went to school, worked hard, got a degree, had to take out a loan because tuition is artificially expensive? PAY NOW YOU DEADBEAT.
Nepo baby whose daddy bought him a degree, who defaults on his own debts while refusing to pay workers, is going to drive Americans actually capable of earning a degree, into bankruptcy.
Purely for spite and jealousy.
Oh yeah. He also steals from children’s charities.
All of its previous activity was, "required by law," otherwise it would have been illegal. Don't get snagged by the Trump regime sick word pretzels. There are several lawsuits in the courts. My guess is these new threats will result in yet another TRO and slew of lawsuits.
Comments
"If people could pay the loan in full, they probably wouldn't be in default," Mayotte says. "So that's not really an option for most borrowers in this situation."
Jesus Christ
I can't believe the courts and congress gave biden so much shit for trying to forgiving student loans. He still did it though, for 5M borrowers
>>> This would all STOP if they objected. <<<
They have now become the enemy. Treat them accordingly!
Last Saturday I cited Murkosky admitting that Republicans are too afraid of retribution to stand up to Trump when I quipped that our marine invertebrates show more backbone than the GOP.
And, no, Boomers, even holding a full-time job does not "pay your way" through college in the US. That shit ended when you pulled up the ladder after yourselves.
Right?
Went to school, worked hard, got a degree, had to take out a loan because tuition is artificially expensive? PAY NOW YOU DEADBEAT.
Purely for spite and jealousy.
Oh yeah. He also steals from children’s charities.
Congress created this mess, so they can stop it. Demand Trump is impeached and removed: https://www.youtube.com/watch?v=2fpONi5hvVc&t=4s
Usury is a sin, you dumbass "Christians".....