Tuesday, April 22, 2025

Debt Collectors Coming for Student Loans in Default

Next month the Education Department will begin collection on federal student loans that are in default, including the garnishing of wages for potentially 5.3 million borrowers. "American taxpayers will no longer be forced to serve as collateral for irresponsible student loan policies," Education Secretary Linda McMahon, a Roman Catholic convert and former Wrestlemania CEO, crowed. The US Dept of Education have previously deployed their SWAT team to collect on student loan defaults. financialpost.com

Posted by C0RI0LANUS at 05:22 AM | 2 COMMENTS | permalink

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Comments

This is gonna make things better.

#1 | Posted by Nixon at 2025-04-22 07:56 AM

The Trumpf junta is destroying the middle class, leaving a caste system of oligarchs on top and peons on the bottom. The civil service, GI Bill, and home/school loans gave the masses the ability to move up in the world, becoming "the lace Irish" so to speak. Trumpf and Musk's vision of the US pyramid will have an hourglass shape to it with less opportunities to ascend from the bottom. Czarist Russia before the 1861 serf emancipation comes to mind.

#2 | Posted by C0RI0LANUS at 2025-04-22 08:27 AM

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