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. …

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…

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…

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…

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…

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…

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…

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…

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…