Author Topic: Current Events  (Read 321902 times)

Faith and 12 Guests are viewing this topic.

Online

  • Administrator
  • Sr. Member
  • *****
  • Posts: 28670
  • Karma: -1261
Re: Current Events
« Reply #59625 on: April 22, 2025, 04:23:37 pm »
"The Education Department will begin collection next month on student loans that are in default, including the garnishing of wages for potentially millions of borrowers, officials said Monday.

Currently, roughly 5.3 million borrowers are in default on their federal student loans.

The Trump administration ’s announcement marks an end to a period of leniency that began during the COVID-19 pandemic. No federal student loans have been referred for collection since March 2020, including those in default. Under President Joe Biden, the Education Department tried multiple times to forgive millions of people’s student loans, only to be stopped by courts.

“American taxpayers will no longer be forced to serve as collateral for irresponsible student loan policies,” Education Secretary Linda McMahon said."



At some point during their education, the students should have become aware that the term 'loan' implies repayment.
Great Lakes - Cheap Weed
Sad Sad x 1 View List