In late 2019, nearly 60% of all borrowers were not making payments on their student loans. Discounting for students in school or in the grace period still reveals that more than half of all borrowers were not paying. November 11th, 2021 Updated June 4th, 2022* Recent data from the Department…

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…

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 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…

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. On November 17th, 2022, the Departments of Justice and Education unveiled their long-awaited plan to stop opposing student loan borrowers in bankruptcy court. At the…

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…

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…

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…