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    Update zum Studienkredit: Warnung wegen Plänen zum Verkauf von Schulden an Investoren

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    35 Kommentare

    1. odin_the_wiggler on

      Given the situation, this is just about the least surprising headline possibly ever…

    2. Ancient_Popcorn on

      Trump and Republicans: You shall be poor, and like it. If you want money, you can work for the company. If you want food, you can buy it from the company. If you want a living area, you can get it from the company.

    3. firemage22 on

      I’m about 4k from clearing my debt, if they try to do this i have the means to clear it in one go, it’d be draining but i’m lucky i have that option. But many others aren’t so lucky.

    4. WhoIsFrancisPuziene on

      After abolishing ICE, abolish the whole damn gerontocracy. They don’t seem to want any of us younger folks to have a decent life.

    6. grandzooby on

      If the administration somehow converts them into some kind of private debt, then it should all be dischargeable in bankruptcy.

    7. -CJF- on

      Pretty sure that would be an illegal violation of the MPN. It also completely changes the loan terms after the loan has already been taken out which has to be against contract laws. Either way, if this happened to me I’d just give up on paying it at that point.

    8. Baumer9 on

      But government handouts via the PPP scam are perfectly fine. Brought to you by the pedo GOP.

    9. justaddwhiskey on

      I swear on everything, if they sell the debt I’m not paying a penny. As far as I’m concerned, this is between me and the Department of Education. Not some sleazy investment firm.

    11. Wild_Read9062 on

      Is this what it felt like on the Titanic just before they hit the iceberg?

      Corporations created this iceberg when they gave up training entry level employees and pushed the burden to families and the education system. 

      Then, they raised the bar, creating a hiring system that begins with a bachelors degree.

      And then… they took all of that to create an AI based system that is pushing the same people out of jobs and locking new grads out.

      Rather than solve for this, this administration took billions and threw it away on ICE thugs, terrorizing blue cities and brown skinned people.

      Rather than use AI to help provide America ma our basic needs, they’re using it to fatten the quarterly earnings numbers for companies that cannot grow any larger (how big can monopolies really get?).

      And now, they want everyone who participated fairly to take another punch in the gut for… who, banks?

      We’ve hit the iceberg, it’s obvious. And rather than fix anything, the Captain is ordering full steam ahead.

    12. FlaviusVespasian on

      If Trump does this, I will flip my shit. I have no idea what I would do. This is a vile action for which the administration would deserve to burn in hell for eternity.

    15. No-Blacksmith1462 on

      This isnt really a bad thing. Its pretty stupid policy, as a 10k discount from Biden would have likely netted the US gov more money.

      Private lenders need to jump through a lot more hoops in order to take your money and people are much more likely to get a judgement in their favor.

      I’m all for this tbh. I would love my opportunity to state my case of how I was defrauded to a judge rather than try to explain it to the federal Gov.

      + there’s a great chance a mediator would let you reach a settlement at a much lower amount.

    16. kaiiizen on

      An administration full of self-interested, opportunistic 1 percenters is finding more ways to exploit people and profit. Who finds this shocking?

    17. JamUpGuy1989 on

      I am just amazed SAVE hasn’t been wiped yet. You’d think this administration would’ve the court case dismissed so they could dismantle it already.

      Didn’t people claim that if they tried this, or got rid of Dept. of Education, it would make the loans we signed years ago null and void? Like, we agreed to pay that Department. Not whatever the fuck shit they are trying here.

    18. g---e on

      I knew it. I said they would do this and ya’ll told me this couldnt happen. We’re cooked.

    21. Minute-Plantain on

      „It threatens the loss of borrowers‘ legally guaranteed protections, and the sale would likely be illegal if the debt is sold at a loss for taxpayers.“

      Omg theyre proposing fully privatizing.

      Do it! Let it happen!

      It would strip federal protections and make it dismissable in every state court with a statute of limitations challenge if the debt is old and the consumer doesnt reactivate it.

    22. keytiri on

      Who’d be dumb enough to buy student debt? The younger gens are already in dire financial straits, which do you think they’ll choose: food, rent, or debt?

    24. wellJustWhy on

      Pushed to the edge the greedy will clutch their riches. Even when the shackles of justice are clamped on their wrists. They are blinded by the power they have been allowed to amassed. Finding creative ways to expose the injustices is the hardest part of the struggle. Inflatable frog humor is a current example of light hearted entities exposing the lies and corruption.

    25. The_Roshallock on

      I suspect that if they, the administration, were to do this there would almost immediately be a class action lawsuit filed on behalf of millions of borrowers. Selling off this debt to private interests would *potentially and very likely* be a gross violation of contract law that the administration would have to justify in court. Given the scale and scope of potential harm that could be done to the public, this case(s) would almost certainly take years. If a Democrat is ever elected to the Presidency again, or the Democrats eek out a majority in Congress, the issue will almost certainly go away.

    26. HedonisticFrog on

      Biden wanted to forgive debt, and Trump sells it off for kickbacks but „both parties are the same“. Fucking morons.

    27. CommercialMoment5987 on

      It’s this not exactly how we collapsed the housing market in 08? Selling off debt that only theoretically will ever be paid to investors? Debt given to people who could never afford it in the first place because the idea of profit *is* profit until it suddenly isn’t?

    29. grimspectre on

      This kinda has a place in LeopardsAteMyFace considering how many younger college going debt ridden voters voted for trump last year. It sucks for everyone no doubt, but these young voters shouldve known better. Ignorance is not a defence. 

    30. Feeling_Reindeer2599 on

      Hmmm… investors will only buy to make money. Wall Street will figure out how to pay 60% what they are worth and reap billions that would otherwise go to USA. So much winning these days I swear.

    31. bucketman1986 on

      Look I know it’s a pipe dream but I imagine a huge class action because we all signed with the Department of Education and not Nelnet or whatever

    32. VillaSunset on

      Absolutely disgusting behavior. I feel more than fortunate to have paid mine off, but took several years, substantial portions of my disposable income and a large portion of our house sell profit. Without the home sale and the crazy housing market, we’d still be shackled.

    33. CharlesIngalls_Pubes on

      Maga be like „My tax dollars should pay for your education. That’s what you get for being in debt.“

      Also maga : „Giant corporations and billionaires need our help, and Trump’s legal fees aren’t going to pay themselves.“

    35. Zephyr_Dragon49 on

      I don’t have student loans so I’m not informed about them. How is this bad and different than what the government currently does with them? The only thing I can think of is they’d probably get crazy with the interest rates like how credit cards do.

      Article says taxpayers are on the hook for any shortfalls if sold below value but aren’t we already „on the hook“ by the loans very existence until paid?

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