That which we see are discover a huge finances purpose about the ideology of remaining forty-five billion pupil debtors with debt so you can both personal loan companies, such SoFi, or perhaps to the us government
ASTRA TAYLOR : Well, this is really interesting. The Debt Collective had to submit a FOIA , a Freedom of Information Act request, to prove that this memo existed, because what the Biden administration was saying, what his press secretary kept saying, is, “Well, we’re waiting on this memo about our legal authority,” which is ridiculous, because the fact is this legal authority – it’s called compromise and settlement; again, it’s part of the Higher Education Act – is the same authority they are using to cancel the interest as part of the COVID payment moratorium that they extended until May 1st. Again, they only extended that payment pause to May 1st because of grassroots pressure, because of people organizing and demanding that. So, they are pretending they don’t have an authority they’re actually using.
What makes it doing this? I mean, you know, one can simply think that it is because from a good ideological, you understand, religion we is always to treat something similar to education – in the place of treating it a community a good, a good democratic good, the right, you are sure that, as the something that will likely be treated instance a commodity. You are sure that, in reality, Biden is a portion of the age group one dependent the fresh college student financing system. As we know, he had been a major push about 2005 case of bankruptcy “reform” costs that really removed protections of pupil borrowers. (more…)