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Alan Collinge
Alan Collinge

530 Followers

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Why Student Loan Cancellation will Cost Taxpayers Nothing.

The taxpayers have been repaid. All federally owned loans, in fact, could be cancelled at little- or no cost to the taxpayers. Over the past two years, beltway defenders of the federal student loan program have overwhelmed the mainstream media with articles and essays nearly shrieking that student loan cancellation…

Student Loans

7 min read

Why Student Loan Cancellation will Cost Taxpayers Nothing.
Why Student Loan Cancellation will Cost Taxpayers Nothing.
Student Loans

7 min read


Pinned

Student Loan Borrowers: The Largest Untethered Voting Bloc in U.S. History.

Of the 56 million borrowers & Cosigners, Over 40 million are distressed. A recent Newsweek article estimated that the “student loan voting bloc” is the largest in the country. The reporter relied on demographic data focusing on 18–40 year-olds, along with various survey data. …

4 min read

Student Loan Borrowers: The Largest Untethered Voting Bloc in U.S. History.
Student Loan Borrowers: The Largest Untethered Voting Bloc in U.S. History.

4 min read


Pinned

The Federal Student Loan Program is no Longer Viable. What to do about It.

It must be ended and replaced. Before the pandemic, the Brookings Institute estimated that student loan defaults for the Class of 2004 would reach 40%. This is double the default rate for subprime home mortgages. These borrowers, however, were borrowing less than a third (roughly $13,000) of what is borrowed…

Student Loans

6 min read

The Federal Student Loan Program is no Longer Viable. What to do about It.
The Federal Student Loan Program is no Longer Viable. What to do about It.
Student Loans

6 min read


Pinned

Republicans in a Very Tough Spot on Student Loans.

They are alienating 40+ million voters, half of whom are Republican or Independent. There are about 54 million student loan borrowers and cosigners in the US. According to ex-Trump Student Aid Chief, Wayne Johnson, 85% of federal borrowers- who comprise the vast majority of all loan holders- were never going…

Student Loans

4 min read

Republicans in a Very Tough Spot on Student Loans.
Republicans in a Very Tough Spot on Student Loans.
Student Loans

4 min read


Pinned

Why returning Bankruptcy Protections is critical for solving the Student Loan Problem.

The removal of constitutional bankruptcy rightsis the core issue. During the 1700’s, American colonists- including George Washington, Thomas Jefferson, Robert Morris, and others- were being treated poorly under debt- typically to British banks, trading companies, and other investors. In fact, the issue of debt was so concerning to the nation’s…

5 min read

Why returning Bankruptcy Protections is critical for solving the Student Loan Problem.
Why returning Bankruptcy Protections is critical for solving the Student Loan Problem.

5 min read


Nov 21

Media Claims of Discharges for “most” Student Loan Cases in Bankruptcy are Grossly Misleading, Maligning.

The Departments of Education and Justice are using mainstream media to peddle a misleading narrative that is giving false hope to millions. Very few borrowers are seeing any relief. Last week, the Departments of Education and Justice announced that a year-old revision to the bankruptcy process for student loans had…

5 min read

Media Claims of Discharges for “most” Student Loan Cases in Bankruptcy are Grossly Misleading…
Media Claims of Discharges for “most” Student Loan Cases in Bankruptcy are Grossly Misleading…

5 min read


Aug 27

New Bankruptcy Process for Student Loans is Proving to be a Cruel, Dangerous Joke for Borrowers.

Undue Hardship remains, is only transferred from open court to the bowels of the Administrative State. As before, very few borrowers are seeing any relief. **Updated 11/21/23 On November 17th, 2022, the Departments of Justice and Education unveiled their long-awaited plan to stop opposing student loan borrowers in bankruptcy court…

Student Loans

5 min read

New Bankruptcy Process for Student Loans is Proving to be a Cruel, Dangerous Joke for Borrowers.
New Bankruptcy Process for Student Loans is Proving to be a Cruel, Dangerous Joke for Borrowers.
Student Loans

5 min read


May 17

All of the Department of Education’s Income-Driven Repayment Programs are Massive Failures.

Both current and proposed IDR programs are not to be trusted. Updated 8/23/2023 Since 1995, a confusing array of Income-Driven Repayment programs (IDRs) have been foisted on the public by the Department of Education for federal student loans, each promising to cancel student loan debt after borrowers pay based upon…

Student Loans

5 min read

All of the Department of Education’s Income-Driven Repayment Programs are Massive Failures.
All of the Department of Education’s Income-Driven Repayment Programs are Massive Failures.
Student Loans

5 min read


Mar 28

Door Wide Open for Republicans on Student Loans.

There are about 54 million student loan borrowers and cosigners in the US. According to ex-Trump Student Aid Chief, Wayne Johnson, 85% of federal borrowers- who comprise the vast majority of all loan holders- were never going to be able to repay their loans before the pandemic. If this trend…

Student Loans

4 min read

Door Wide Open for Republicans on Student Loans.
Door Wide Open for Republicans on Student Loans.
Student Loans

4 min read


Feb 7

The Government makes a Profit on Defaulted Student Loans.

A defining hallmark of a predatory lending system. In 2010, we found that the federal government was making a profit, not a loss, on defaulted student loans. This is a claim that no other lender for any other type of loan (including governmental loans) can make. More recent White House…

Student Loans

5 min read

The Government makes a Profit on Defaulted Student Loans.
The Government makes a Profit on Defaulted Student Loans.
Student Loans

5 min read

Alan Collinge

Alan Collinge

530 Followers

I am Founder of StudentLoanJustice.Org, author of The Student Loan Scam (Beacon Press), and creator of the petition Change.Org/CancelStudentLoans

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