One group noted “the irony of a billionaire being in charge of collecting pennies from debtors.” The US Education Department confirmed Monday that, starting next month, it will resume seizing the pay of student loan borrowers in default as the Trump administration wages a broader war on debt relief and cancellation efforts. The department, led by billionaire […]
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. As student debt exacerbates the financial struggles of millions of Americans, the Trump administration has taken a major step toward killing the Biden administration’s student loan forgiveness program. On Tuesday, the Department of Education announced that it had reached a […]
“They’re just cruel and want to take as much as possible from the folks who have very little,” said one student borrower advocacy group. With the Trump administration restarting collection efforts on defaulted student loans after a five-year reprieve on Monday, Mike Pierce of the Student Borrower Protection Center said the move “will further fan the flames […]
Proposals to lower housing, childcare, and healthcare costs for millions of families are “a welcome step in the right direction,” said one advocate. After announcing earlier this week that U.S. Vice President Kamala Harris plans to take on corporate price gouging with the first-ever federal ban in the food and grocery industries, the Democratic presidential nominee’s campaign on Friday […]