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 […]
“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 […]
“This is the boldest attempt we’ve seen in recent history to segregate higher education along racial and class lines,” said the Debt Collective At a markup session held by a U.S. House committee on the Republican Party’s recently unveiled higher education reform bill Tuesday, one Democratic lawmaker had a succinct description for the legislation. “This […]
“We are concerned that the latest draft of the rule would fall far short of providing the full scale of debt relief that low- and middle-income Americans urgently need.” Seven members of Congress on Monday sounded the alarm about the Biden administration’s evolving student debt cancellation plan and called on U.S. Secretary of Education Miguel Cardona to […]