Trumpf Junta Restarts Student Loan Collections

Tuesday, May 06, 2025

The US Department of Education resumed collecting on defaulted student loans on Monday. More than five million borrowers are currently in default, and that total could swell to roughly ten million borrowers within a few months, according to the Trumpf junta. The federal government has extraordinary collection powers on its student loans and it can seize borrowers' tax refunds, paychecks, as well as Social Security retirement and disability benefits.

Posted by C0RI0LANUS at 02:52 AM | 3 COMMENTS | permalink | Comment on This Entry |

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The oligarchs and the Trumpf junta want to extract as much wealth from the masses before the 2026 mid-term and 2028 presidential elections because they may not get another chance for some time. This is why there seems to be a rush to sell our national resources, cut Medicaid/Medicare funding, and weaken Obamacare: Sicken people and create medical debt as they collect on school loans. These moves are attempts to permanently feudalize American society which will drastically reduce the middle class. In terms of Brave New World, the GOP and the oligarchs want a population of white Epsilons: openingclass.com

Link: drudge.com

#1 | Posted by C0RI0LANUS at 2025-05-06 03:07 AM | Reply

It was a given that student loan holders would be targeted as a revenue source for an administration whose primary goal is to transfer as much wealth as possible to themselves and their donors/buddies.

That being said, the reprieve for student loan payments has been veeeeeeeeeeeeeeeeeerrry long. Anyone who didn't prepare for the inevitable end of that artificial grace period is foolish. The light touch of the Biden admin on debt obligations was always going to be transient.

#2 | Posted by jpw at 2025-05-06 10:38 AM | Reply

Ridiculous that it was paused this long. Liberals brag about being 'educated' but then can't figure out how to pay their bills and end up making less than conservatives. This deadbeat student loan issue is almost exclusively dipshit liberals - time to pay up buttercup. I bet this impacts Snoofy's student loans even though he is nearly 70. Taxpayers get the joy of subsidizing his bong hits and acid trips which rendered him non-functioning and a lifelong economic loser.

#3 | Posted by ScottS at 2025-05-06 10:43 AM | Reply