Meaningful Student Loan Cancellation Will Only Happen when Bankruptcy Rights are Restored.

Without the threat of bankruptcy to contend with as all other lenders must, the Department of Education and its contractors have used their overwhelming administrative powers to NOT cancel loans, and abuse the borrowers to no end.

It is obvious that whatever might result from these proposals, whether through legislation or executive order, will be vulnerable to the same bureaucratic weakening, and will result in almost no cancellation for almost everyone, and absolutely no cancellation for many. Only a fool, or someone with no knowledge of history would expect anything different.

If not, then the people will be stuck with yet another pretend loan cancellation gimmick, and this untethered, unconstitutional, weaponized lending scam will be free to crush yet another generation of unsuspecting Americans, whose only crime was attempting to better themselves through higher education.

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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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Alan Collinge

Alan Collinge

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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