Department of education says more than 5 million already defaulted, an additional 4 million in “late-stage delinquency”.
“Borrowers will now be expected to repay their loans, and those who don’t will face involuntary collections,” White House press secretary Karoline Leavitt told reporters Tuesday. “The government can and will collect federal student loan debt by withholding money from borrowers, tax refunds, federal pensions and even their wages.
It’s not even about greed. If the lenders actually wanted money they’d just lobby the government to pay off the loans. Boom, student debt solved and the lenders get rich. There’s literally no downside.
But that’s not good enough!
It’s about prole control and revenge. They’re discipling the uppity poors that dared reach above their station for an education.