The Trump administration says it will start the process of collecting on defaulted federal student loans on May 5.
The Trump administration says it will start the process of collecting on defaulted federal student loans on May 5.
We’ll see.
Garnishing wages is the worst form of government intrusion.
Trump needs the money to collect enough revenue for his tax breaks for the wealthy. The average middle class American is already taxed to the max, a huge number don't make enough money to even pay taxes and none of us will accept cuts to Medicaid, Medicare and Social Security
What are they going to do if they're not working yet?!
Fuck the Trump administration
Meanwhile (according to Janet Yellen) there are 3 to 7 trillion in uncollected income taxes. That’s trillion with a t.
That will definitely help the economy. 🫨
bsky.app/profile/howi...
is there any good news for America?
No… no there is not
Well they've got to get the money for those tax cuts for the billionaires from somewhere!
Ah yes….priorities
Instead of collecting from millionaires on up who’ve cheated on their taxes?
That falls on the irs genius , if they cheated, then why didn't you complain during Biden And if they cheated and aren't being busted, then I'm 100% on your side, but the potus handled student loan suspension, so he has to undo it When should he, in your opinion
I assume most people who read my comment are smart enough to know who collects what. There’s more money to be found in tax fraud than defaulting on student loans and it’s a crime. So you didn’t have to, but you did, try to be a smart ass for attention.
I think I misunderstood what you were trying to say . My apologies
👍
If fraud is so bad, why do they keep passing more loans out like water to people who have no way to pay them back
How about PPP loan scammers first, eh?
You can’t bleed turnips. So then what?
More cruelty from an evil administration
Seriously. Tax breaks for billionaires, but you’re garnishing wages
our country is being destroyed under the Trump regime...are MAGA's really still so hot for him??? when they see the increase in prices and look at their 401K's...or don't these people have 401K's.???
bsky.app/profile/rhom...
Happy Birthday to Me.
Yes student loans are the problem. Not rich people taxes.
Has anyone noted that it's impossible to get an income driven plan or forbearance at the moment?
Well, that will be great for the economy. Not to mention higher education. Is this supposed to be "efficient?"
Wouldn't it be more effective to collect the tens of $millions the members of CONS gress "borrowed" from PPP emergency funds? Did they exempt themselves from payback, again?
Trump is trying to get the world's worst GINI coefficient. Increasing costs for the low and middle classes through massive tariffs AND aggressively going after student borrowers. This is terrible for U.S. growth prospects.
Makes me sick. I wish Biden had forgiven all student loans.
🤬💩 IQ47 ruining more things
Bless you Joe Biden for forgiving mine, I was so scared this would happen
Wish he had forgiven them all, or at least most of them. Huge opportunity missed.
He sure tried, and I wish he had succeeded. I would've ended up with my social security garnished
Me, too!!! Changed my life permanently ❤️
Same here
Did you voted for Trump?
Hell no
LOL. I owe the Democrats my 1st born grandchild, now. I could never vote republikkkan, either.
So destroy the economy then go after people because they can’t pay back student loans. This administration is brilliant 🤡
Of course.... We pay for DJT to golf and pay to sue for all the illegal EOs and DOGE gets paid millions.... They need all that student loan money .. waste fraud and abuse, my ass
Pathetic bastards.
A lot of students and young people with student debt voted for Trump or did not vote. Enjoy. Among black voters, the youngest voters were the ones who voted most for Trump. Only 6% of black seniors voted for Trump, vs 15% of the youngest voters.
Are they going to throw students in a gulag too?
They have to pay for all that Oval Office gold spray-paint somehow.
Typical Republicans: Always Take, Never Give!
How does this action overall benefit Americans’ quality of life & economic health? It doesn’t. Fuck trump, his administration & family, every one of his miscreant, sycophant apologists in government, business, and media, and every voter who looked the other way or drank the kool aid. Fuck them all.
Yep the fucking REPUBLICANS LOVE AMERICA don't they? Fuck you idiots
Will they received FREE Rent, Groceries, Transportation, Utilities, School Vouchers and Child(ren) Care that will Cost Real Taxpayers? In order for Rich & Restless to receive Zero Tax Responsibility? ? Who are Master Economists at Heritage Foundation pressing CCP 2025 christian punitive measures?
Coming from a man that never ever paid his own debts.
Everything leads back to creating the closest thing to a slave class that they can manage. Force as many into the workforce as possible with the lowest pay/highest hours.
How many times has orange menace filed for bankruptcy?
Of course! They need money. They are running out of money so this is something they think they need to do but it is something they really want to do. Going after students? For money? Will they be deported to El Salvador? Or just killed?? If they don't pay?
Yet Trump/Republicans refuse to collect the nearly $1 Trillion in unpaid Federal Taxes mostly by the rich. Instead, Republicans have fired tens of thousands of investigative IRS agents. Unable to collect from the rich. Of course, the working class suffer as more benefits are cut & a tariff tax!
He needs to be in prison!! 😡😡😡😡😡
Way to make it harder for Americans!! We already can’t afford to buy a house, a decent car etc. Now Trump wants to garnish wages for past due student loans, while he rakes in money with quid pro quo schemes with his meme coin, hotels & golf courses!!
Taxing tomorrow’s future to increase profits for the already haves. Then forcing students to pay for the loan for their entire lives is truly depraved. Stop voting for politicians that want profits at the expense of our future.
Education should be fully funded. An educated populace would have helped us avoid this mess in the first place.
Hmm…I’m sensing a pattern www.usatoday.com/story/money/...