Student Loans Poof Gone
(abcnews.go.com)
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How are they doing this after the court stopped it?
they aren't a REAL Govt just a Criminal Enterprize that 300m People allow to RULE.
This is different.
For a long time federal student loans have had income-based repayment plans. In these plans, your monthly payment cannot exceed a certain percentage of your income. If your income is low enough, you may never pay off the balance. So if you make ontime payments for 20 or 25 years, the remaining balance is forgiven. The loan servicers just sucked at keeping track of who's paying on time, and this is fixing that mistake.
This is different from what Brandon was trying to do previously, which was just a blanket forgiveness with no terms.
The majority of assets on the government balance sheet is student loans receivable. Once those start getting cancelled, the financial situation of the US becomes extremely dire very quickly. As in default levels of dire.
I wonder if they check your political affiliation first.
They can have it after the responsible people that paid theirs off get repaid, sorry forgot, we don’t vote DEMONcrat