Trump’s Billionaire Education Secretary Makes ‘Backroom Deal’ to Shaft Low-Income Borrowers: Amid a cost-of-living crisis, millions of low-income borrowers may now be forced to spend several hundred more dollars a month paying for student loans.
Source: Silent-Resort-3076
24 Comments
Snippet:
>“While millions of student loan borrowers struggle amidst the worsening affordability crisis as the rising costs of groceries, utilities, and healthcare continue to bury families in debt,” Yu said, “billionaire Education Secretary Linda McMahon chose to strike a backroom deal with a right-wing state attorney general and strip borrowers of the most affordable repayment plan that would help millions to stay on track with their loans while keeping a roof over their head.”
Edited to add:
* Trump Media & Technology Group Board: As of late 2024, she serves on the board of directors for Trump Media & Technology Group (TMTG
* On January 28, 2025, its six directors – **Kash Patel, Linda McMahon**, Robert Lighthizer, Eric Swider, Kyle Green and Donald Trump Jr. – were **awarded nearly 26,000 shares each.**
The affordability problem will haunt the GOP for a WHILE. Tax cuts won’t be enough this time, and that’s the only trick they have for consumers.
McMahon kind of looks like infamous hotelier Leona Hemsley. She also seems like a miserable, hateful, and cruel person like Leona.
What happens if everyone w a loan just tells them to eat it? Young folks got no assets to take and I’m not sure wage garnishment would do much.
So the guy whose job is education basically made a deal that;s gonna make people pay more every month. That’s one way to teach financial responsibility… by forcing debt on everyone. Holy smokes
Cutting the next earning bracket off by the knees saddling them with debt they can’t recover from is a lovely way to drive the future economy of the USA. Meanwhile the billionaire class enjoys nearly interest free government loans for their lavish lifestyle.
A representative for the Department of education said this
>”The law is clear: if you take out a loan, you must pay it back,”
I wonder if they know that [Donald Trump has had over $280 million in loans forgiven.](https://www.forbes.com/sites/nicholasreimann/2020/10/27/report-trump-had-over-280-million-in-debt-forgiven-and-avoided-paying-taxes-on-most-of-it/)
Trump claimed his loans were predatory, and should be excused.
Won’t somebody think of the poor billionaires.
There is not going to be anything left of the 90% by the time this administration leaves office
This is the lady who thought AI stood for “A-1” rather than artificial intelligence. She’s the dumbest f**k.
Gotta pay for the rich farmers 12 billion$ bailout somehow. A lot of these loans were for dubious institutions, like trump university.
This dumb bitch is only in office because she knows where the skeletons are buried. Trump and Vince McMahon most definitely got up to some truly degenerate behaviors together that she is aware of.
Hey, this old bitch also helped cover up years of sexual abuse in the WWE!
https://dicellolevitt.com/maryland-supreme-court-decision-allows-wwe-ring-boys-sexual-abuse-case-to-move-forward/
This is a play to keep poorer people POOR.
All advances and grace should be given to the billionaire class at the expense of those with the less or the least.
The red districts in red states will see acceleration of their dependence upon any crumbs this administration chooses to toss, but this administration is bound to cripple the masses.
She also repeatedly talked about the importance of “A1” being in the classroom when discussing artificial intelligence: [https://www.snopes.com/fact-check/ai-education-linda-mcmahon/](https://www.snopes.com/fact-check/ai-education-linda-mcmahon/) I can obviously understand verbal slip ups, but the way she talked about it really showcased how she just spouts BS.
Another geriatric dumbass.
How was the burden shifted to the taxpayer? The money was still owed, interest still accrued, the fuck is their problem?
The entire purpose of the Republican Party is to redistribute wealth upwards from decent taxpayers to mewling billionaires.
So this tracks perfectly.
The ultimate goal is to keep all low and middle income people out of higher education entirely.
In California, college was completely free until the 1960s when the GOP with Reagan as their ~~actor~~ leader, eliminated it. They argued that educating poor people was bad and Communism, actually, and advanced degrees should be for the wealthy only.
https://www.bestcolleges.com/news/analysis/threat-of-educated-proletariat-created-the-student-debt-crisis/
https://www.youtube.com/shorts/od-Jz-wGGdc
Government-subsidized loans and financial for students was a shitty compromise in the first place, and now they are putting the final touches on rug-pulling even that.
Republicans are pure fucking evil.
This is exactly how you manufacture mass default. When repayment is decoupled from income during a cost-of-living crisis, the “choice” for millions of borrowers becomes basic survival versus loan compliance. History shows what happens next: people default.
This isn’t ideological…it’s arithmetic. A large share of borrowers don’t have W-2 jobs, don’t have assets, and aren’t earning wages that can be meaningfully garnished. You can’t extract hundreds of dollars a month from people whose income is already going to rent, food, and utilities. Threatening default doesn’t create money where none exists.
What’s especially shortsighted is the scale. We’re not talking about edge cases…we’re talking about tens of millions of borrowers, many already delinquent. The federal government is not operationally or politically equipped to pursue mass enforcement against an entire generation, especially when doing so would further depress consumer spending, labor mobility, and credit access across the economy.
“If you took out a loan, you must pay it back” is a slogan, not a policy. Credit systems only function when repayment terms reflect economic reality. When they don’t, noncompliance becomes rational, widespread, and self-reinforcing. That’s not borrower moral failure, it’s a policy failure.
Killing affordable income-driven repayment doesn’t restore fiscal discipline. It accelerates collapse of the repayment system itself. And once mass default becomes normalized, there’s no easy way to put that genie back in the bottle.
Biden was blocked by the Supreme Court when he tried to help borrowers. Now executive power magically works again when it’s time to hurt them. If the people at the top model that laws are optional and power is political, they shouldn’t be surprised when millions of borrowers decide repayment is optional too.
They were always going to do away with SAVE, but what no one’s reporting is that they also did away with REPAYE and all the IBR plans and are phasing out PAYE in favor of a new, worse plan. They’re trying to force everyone on to standard repayment by taking away every other option, which will cause a massive financial crisis
Where do they think this several hundred dollars will come from? Most are paycheck to paycheck as it is, employers are more likely to fire you than give a dollar raise. Don’t even get me started on the job market. Simply put all this will do is add stress to people and defaults too the books. To say that this decision is stupid is an insult to stupidity. It is so inept that the only possible explanation is that the administration is intentionally destablizing the nation to justify expanding on executive power and cracking down on dissent.
The woman’s entire job is to slowly erode her department from the inside.
Trump was always able to claim bankruptcy to write off loans he owed. Now that he is in charge again, screw America. Never should have been re-elected in the first place. Why anyone would think a 34 convicted felon, rapist pedophile cared about Americans when he has never had to suffer a hard day or make ends meet is beyond me.