Posted on 10/30/2023 4:42:04 PM PDT by CFW
The Biden Regime will get their student loan bailout one way or another.
The Department of Education announced on Monday it is withholding $7.2 million from a student loan servicer over billing statement errors that affected 800,000 borrowers.
The US Supreme Court in July crushed Joe Biden’s student loan bailout program.
Joe Biden unilaterally announced a massive forgiveness of student loans in August 2022 to buy the Gen Z-Millennial vote in the 2022 midterms.
Biden canceled over $400 billion in student loans which turned out to be up to $10,000 in student debt for borrowers who earn $125,000 a year or less and up to $20,000 for recipients of Pell Grants.
The Supreme Court ruled 6-3 against Joe Biden’s student loan relief program so the Department of Education rolled out a workaround forbearance program to cancel $39 billion in student loans by counting non-payments as payments for a period of time.
Federal student loan payments were halted in March 2020 because of the Covid pandemic. Payments were set to resume this month.
The DoE penalized the Missouri Higher Education Loan Authority for mailing out ‘late’ billing statements to 2.5 million borrowers as repayments resumed. 800,000 borrowers were put in forbearance and will not have to make payments until the problem is resolved.
(Excerpt) Read more at thegatewaypundit.com ...
“Never underestimate the ability of Brandon to F things up.” —Obozo. This man is pure evil, he can’t do anything right.
This isn’t a f-up. Its deliberate/planned.
Typical Biden extortion. He did this before to Ukraine and bragged about it.
Planned or unplanned, the result is the same and proves Obozo’s point.
I keep trying to figure out whether Biden is screwing up everything intentionally or because of incompetence!
The man is a crook, period. Has been since he narrowly won his first Senate election in 1972 when the corrupt Teamsters local refused to deliver the Wilmington newspapers on the day before the election bc they had a long frontpage story about the dirty Biden family’s corruption.
Put your ambivalence to rest, both are true.
Why don’t the demented bass turd just back up a van to the U.S. Treasury and steal the money legally. Just takes a few pallets. Corrupt SOB.
Someone did not receive their 10%.
“The man is a crook, period.”
That’s not all. He is an evil, vile, vindictive, hateful, grudge-keeping, petty, little, insecure “man.”
“so the Department of Education rolled out a workaround forbearance program to cancel $39 billion in student loans by counting non-payments as payments for a period of time.”
Can I do this with my mortgage? How about the IRS? Think they’ll go for it?
L
She does violating a SC decision lead to contempt?
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