Liberals FREAK OUT Over Trump GARNISHING Their WAGES After He TERMINATES Biden's BAIL OUT Program!

[BOP]

President Trump’s education boss Linda McMahon has defended the administration’s decision to resume student loan debt collections — insisting that greedy colleges have “profited massively” from Biden-era forgiveness measures. The Department of Education announced Monday it would start recouping federal student repayments again from May 5 from the roughly 5.3 million borrowers who are currently in default on their loans.

 

[PeoplesElbow]

Should have been saving or paying off what they could while things lasted.

Mark my words, next D administration will provide some "relief"

 

[my-thyme]

Son and 2 DIL all paid off their student loans while interest was "on hold".

 

[BOP]

I paid mine off. Took me all of 10 years, even with consolidation, but that was an income issue, because the loans weren't huge.

 

[BOP]

I say we don't let them vote until their loans are paid off.

I was taught that any money I brought in was not my money until any debts were either eliminated, or brought current.

Apparently, parents don't teach their children that basic fact.

 

[glhs837]

So when do we reform the lending rules so we're not subsidizing billions in loans to degrees that have no hope in hell of leading to employment that can let them pay it back?

 

[PeoplesElbow]

I think the big problem was allowing payments so low they never even scratched the principal.

 

[BOP]

So when do we reform the lending rules so we're not subsidizing billions in loans to degrees that have no hope in hell of leading to employment that can let them pay it back?

As long as demonrat politicians and chronic race-baiters have any say whatsoever, we don't.

 

[Rightturn On Red]

I think the big problem was allowing payments so low they never even scratched the principal.

Similar to minimum credit card payments.

 

[vraiblonde]

So when do we reform the lending rules so we're not subsidizing billions in loans to degrees that have no hope in hell of leading to employment that can let them pay it back?

Also the cost of college is absurd. Even some doohickey 13th grade is exorbitant, and the kid walks away only qualified to ask if you want fries with that.

 

[glhs837]

Also the cost of college is absurd. Even some doohickey 13th grade is exorbitant, and the kid walks away only qualified to ask if you want fries with that.

Of course it is. Once the edu-industrial complex realized the govt opened the gates for unlimited lending for BS degrees, they found ways to spend. Amenities and administration.

 

[Hijinx]

Of course it is. Once the edu-industrial complex realized the govt opened the gates for unlimited lending for BS degrees, they found ways to spend. Amenities and administration.

Exactly. To make things worse the Government will not hire people without a college degree, ANY degree. It doesn't have o be specific to their job. Just a degree. That's fricking ridiculous.