Warren urges Trump administration to ‘immediately cease’ student loan selloff plans | Administration is reportedly looking to sell the portfolio to private companies.
Source: valamaladroit
Warren urges Trump administration to ‘immediately cease’ student loan selloff plans | Administration is reportedly looking to sell the portfolio to private companies.
Source: valamaladroit
19 Comments
Every day, another ration of evil. EVERY FUCKING DAY!
Let him. In fact the democrats should push for a full ownership sale, not some chickenshit servicing rights interest.
If the loans are fully privatized obligations then they can be defeated in court with statutory claims much easier than as federal loans.
If federal loans are privatized then they should be dischargeable via bankruptcy.
[deleted]
I’m straight up not paying if they sell them. Fuck that.
They’ll just own these students for life. Trump is creating a vampire economy.
Trump’s wealthy “donors” want a piece of the action too because they’re all about making money anyway they can.
Is this the plan to get rid of IBR plans?
This is why fafsa isn’t processing TPD applications anymore . 11 months in review
Seems pretty likely that all this stuff will add up and create a need for people to simply immigrate to another country, And some countries will likely see the benefit in that and make immigration easier.
There actually will be a point when people start leaving the US especially professionals! Not everyone is willing to stay in a third world country when they could live better somewhere else.
If they sell them, it requires the same borrower protections, full stop. That’s not an argument, it’s just the way contacts work. Anything else is impossible to do legally and the debts would be unenforceable.
Ok that’s a new low.
this plan was broadcast in P2025 – it’s absolutely insane how the GOP wants to privatize education. literally taking away progress that has made US great. This is classism at the highest order, all while Trump is gilding the whitehouse into the goldhouse.
They are committing daily acts of class war. We need class solidarity.
You know he already promised them to somebody. It’s basically a done deal. Transactions have been made
It kind of fits his MO. He made his fortune off his own debts. He even bragged about it. He thinks it’ll absolve the government of that debt (the loans made).
The man does not understand that it renders all of that government money blown. No ROI. He’d twist it into a financial win in his “only I can fix this” way.
And yes, I’d immediately work to get it cleared via bankruptcy.
There was a recent story about how his highness has been buying up millions of dollars in bonds, and some of them contain debt portfolios.
Man, a lot of these comments are clearly coming from people entirely disconnected from the situation. So many commenters are recommending filing for bankruptcy if this goes through as if that’s the be-all and end-all solution. There are long term consequences that follow that can and will financially ruin someone. Good luck renting, getting somewhat reasonable insurance rates, or getting a loan for anything!
Please do not recommend this to young people who are already drowning in debt and struggling to get by.
They immediately go full predatory fraud, that’s why. To innocent children in debt. I know, because it happened to me. I randomly got a $1k class action lawsuit check in the mail after the predatory company who serviced mine screwed me multiple ways.