Not sure who would want them. That’s a lot of debt in a shitty economy in which many people can’t pay.
Whornz4 on
Student loans are going to be impossible for poor people by the end of this administration.
sqwirlman on
I would assume they will sell of debt with the lowest risk related Physician’s, lawyers and such that have higher earning potential that are more likely to pay off their debt. They will buy it up for penny’s and make huge profit on crazy interest rates.
FogCity7X7 on
We all knew this was coming; anything for a chance at personal gain… The Great Grifter In Chief
Throwme2Dwolves on
this is fucking diabolical
steelhorizon on
Would that mean they are dischargable in bankruptcy?
Interesting-Risk6446 on
Go ahead. Bankruptcy time.
sutree1 on
The return of debtors prisons will follow, and of course prisoners can pick the crops that immigrants won’t be.
ProfessorPihkal on
Can’t wait for there to be a student loan debt bubble
oxero on
I’d love to see some legal analysis on whatever they propose because I signed papers specifically paying it to the department of education with basic guarantees how the loan will be paid back.
If my loans get sold to some scummy firm that jacks my interest and payment up, is that even legal? It’s not what I or anyone else signed up for when we wanted to better ourselves and our country by getting a secondary education.
Either way, great way to fuck our country over for decades.
sharpz3216 on
Burn the whole bitch down
ReleaseFromDeception on
This was literally the plan all along, folks. The same with healthcare and social security as well.
DannyHewson on
Presumably they plan to sell it to themselves, at a fraction of the loan’s value, so they can then fleece students for a fortune while simultaneously making it so it can’t be discharged by future democrat presidents.
davey_jones92 on
Is the government able to sell off subsidized loans? We signed a number of things that guarantee certain protections that private firms would have to follow…correct?
Ancient-Trifle2391 on
Eliminating the middle class and eroding social mobility is how you control a populace
value_meal_papi on
Sadly maga doesn’t have student loan debt so they love this
smilingiscreepy on
They’re not considering anything. This is literally the project 2025 playbook. They continue to follow and implement what they’ve said all along and media continues to lie and play interference for them.
ThrowAwayGarbage82 on
This is so illegal. It violates loan contract terms.
SpiritualScumlord on
They blocked student loan debt forgiveness for this.
I_burn_noodles on
Please….don’t act surprised…this entire admin is backed by loan sharks.
Funny-Ad5178 on
They’re still not getting their money back lmao
HeavyBeing0_0 on
If it’s owned by private investors that removes the whole “unable to file bankruptcy” right? At that point it’s not government owned debt sooo
dataistimesensative on
Does mean that borrowers can file chapter 7?
Gradstudentiquette69 on
This fucker is trying to speed run an economic collapse
freetotebag on
man we called this almost a year ago it was always gonna be the move. Wait til he brings back debtors prisons
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26 Kommentare
Interest rates about to explode.
Not sure who would want them. That’s a lot of debt in a shitty economy in which many people can’t pay.
Student loans are going to be impossible for poor people by the end of this administration.
I would assume they will sell of debt with the lowest risk related Physician’s, lawyers and such that have higher earning potential that are more likely to pay off their debt. They will buy it up for penny’s and make huge profit on crazy interest rates.
We all knew this was coming; anything for a chance at personal gain… The Great Grifter In Chief
this is fucking diabolical
Would that mean they are dischargable in bankruptcy?
Go ahead. Bankruptcy time.
The return of debtors prisons will follow, and of course prisoners can pick the crops that immigrants won’t be.
Can’t wait for there to be a student loan debt bubble
I’d love to see some legal analysis on whatever they propose because I signed papers specifically paying it to the department of education with basic guarantees how the loan will be paid back.
If my loans get sold to some scummy firm that jacks my interest and payment up, is that even legal? It’s not what I or anyone else signed up for when we wanted to better ourselves and our country by getting a secondary education.
Either way, great way to fuck our country over for decades.
Burn the whole bitch down
This was literally the plan all along, folks. The same with healthcare and social security as well.
Presumably they plan to sell it to themselves, at a fraction of the loan’s value, so they can then fleece students for a fortune while simultaneously making it so it can’t be discharged by future democrat presidents.
Is the government able to sell off subsidized loans? We signed a number of things that guarantee certain protections that private firms would have to follow…correct?
Eliminating the middle class and eroding social mobility is how you control a populace
Sadly maga doesn’t have student loan debt so they love this
They’re not considering anything. This is literally the project 2025 playbook. They continue to follow and implement what they’ve said all along and media continues to lie and play interference for them.
This is so illegal. It violates loan contract terms.
They blocked student loan debt forgiveness for this.
Please….don’t act surprised…this entire admin is backed by loan sharks.
They’re still not getting their money back lmao
If it’s owned by private investors that removes the whole “unable to file bankruptcy” right? At that point it’s not government owned debt sooo
Does mean that borrowers can file chapter 7?
This fucker is trying to speed run an economic collapse
man we called this almost a year ago it was always gonna be the move. Wait til he brings back debtors prisons