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…

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…

The removal of constitutional bankruptcy rights is 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…

The loans can be cancelled entirely at little- or no- cost to the taxpayers. For decades, student loan interests- both inside and outside of government- have been claiming that the federal student loan program has been a cost to taxpayers. More recently, they are claiming that cancelling federal student loans…

Both current and proposed IDR programs are not to be trusted. 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 their incomes…

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…

They had either stopped paying, or were paying but with increasing loan balances before the pandemic. This article was updated on 2/16/23 * There are about 43.4 million federal student loan borrowers. According to former Federal Student Aid Chief, Wayne Johnson, 85% of these borrowers were either not paying (over…

They betrayed the people in ’08 and in the Lame Duck of ‘10. They’re on the verge of doing it again. The Founders- including many who were being financially exploited by British banks, trading companies, and others- called for uniform bankruptcy laws ahead of the power to raise an army…

Undue Hardship remains, is only transferred from open court to the bowels of the Administrative State. On November 17th, 2022, the Departments of Justice and Education unveiled their long-awaited plan to stop opposing student loan borrowers in bankruptcy court. Unfortunately, the plan is a cruel joke on the citizens, and…