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Alan Collinge
Alan Collinge

493 Followers

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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 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

6 min read

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

6 min read


Pinned

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


Pinned

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

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…

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


Pinned

The Vast Majority of the Federal Student Loan Portfolio is Profit.

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…

8 min read

The Vast Majority of the Federal Student Loan Portfolio is Profit.
The Vast Majority of the Federal Student Loan Portfolio is Profit.

8 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. 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…

Student Loans

4 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

4 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


Dec 17, 2022

Nearly 1-in-5 U.S. Adults are Distressed Student Loan Borrowers.

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…

3 min read

Nearly 1-in-5 U.S. Adults are Distressed Student Loan Borrowers.
Nearly 1-in-5 U.S. Adults are Distressed Student Loan Borrowers.

3 min read


Dec 4, 2022

Much at Stake for Democrats with Student Loans and Bankruptcy.

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…

Student Loans

5 min read

Much at Stake for Democrats with Student Loans and Bankruptcy.
Much at Stake for Democrats with Student Loans and Bankruptcy.
Student Loans

5 min read


Nov 17, 2022

“New Bankruptcy Process” is a Cruel Joke on Student Loan Borrowers.

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. …

4 min read

“New Bankruptcy Process” is a Cruel Joke on Student Loan Borrowers.
“New Bankruptcy Process” is a Cruel Joke on Student Loan Borrowers.

4 min read

Alan Collinge

Alan Collinge

493 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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