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 | 7 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 ------- 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

#2: Preparing for the end of the temporary Biden reprieve is a good idea, but people become overcome by sudden and other pressing financial difficulties: medical bills not covered by insurance, home damage from a flood, unexpected unemployment, funding an elderly parent, or car repair bills. As US Senator Bernie Sanders (I-VT) said, too many Americans live with stress because they live paycheck to paycheck with little to no wiggle room in their monthly budgets, much less save for the future.

#4 | Posted by C0RI0LANUS at 2025-05-06 12:25 PM | Reply

"As US Senator Bernie Sanders (I-VT) said, too many Americans live with stress because they live paycheck to paycheck with little to no wiggle room in their monthly budgets, much less save for the future.
#4 | Posted by C0RI0LANUS"

Too many LIBERALS. This college loan wage garnishment is hitting deep blue -------- liberals almost exclusively - with a huge negative impact on black females. It is no wonder - liberals can't manage their own finances - keep them away from trying the manage the finances of the country.

#5 | Posted by ScottS at 2025-05-06 12:36 PM | Reply

#5 | Posted by ScottS

ScottS never went to no collee!

He didn't need no high school or middle school neither. Reading and writing is for libs! Ain't no man need to count past 13!

He was doing fine making french fries until them libs got him fired for doing meth in the bathroom! Damn you, woke McDonalds! After 10 long years, he was about to be promoted to flipping burgers and maybe even adding the pickles and ketchup! He had DREAMS, damn you! One day he could have been promoted to the guy asking "Do you want fries with that?"

#6 | Posted by Sycophant at 2025-05-06 12:57 PM | Reply

I have blank lines in the thread, but I imagine a paid troll is replying with talking points and nothing genuine to offer.

#7 | Posted by C0RI0LANUS at 2025-05-06 01:06 PM | Reply