Trump Administration Halting Student Loan Forgiveness

Trump Administration Halting Student Loan Forgiveness


VERY RECENTLY CORINTHIAN
COLLEGES WHICH WAS ONE OF THE BIG CORPORATIONS THAT HAD
OPERATED A NUMBER OF FOR-PROFIT COLLEGES ESSENTIALLY
DISSOLVED BECAUSE OF THE FACT THAT IT WAS DEFRAUDING SONY
STUDENTS AND THE FEDERAL GOVERNMENT WENT AFTER THEM. NOW THE CORINTHIAN COLLEGES
DOESN’T EXIST, ANY TYPE OF SO-CALLED DEGREE OR DIPLOMA THAT
STUDENTS WERE PURSUING WERE NULL AND VOID AND SO THERE WAS
AN AGREEMENT BY THE FEDERAL GOVERNMENT UNDER THE OBAMA
MINISTRATION TO PROVIDE DEBT RELIEF TO THE STUDENTS
BECAUSE THEY ESSENTIALLY ENDED UP TAKING OUT LOANS AFTER BEING
DEFRAUDED AND THEY DIDN’T GET A GOOD EDUCATION OR EVEN ANY TYPE
OF DEGREE AS A RESULT OF THAT. NOW INCOMES BETSY DEVOS AND
THINGS ARE A LITTLE DIFFERENT. EVEN THOUGH THE FEDERAL
GOVERNMENT UNDER OBAMA AGREED TO A DEBT RELIEF PROGRAM,
THAT’S BETSY DEVOS IS ESSENTIALLY IGNORING THAT
PROGRAM. LET’S GIVE YOU SOME INFO ON
THAT. LET’S FOCUS ON THE SECOND
PORTION OF THAT BECAUSE THAT’S HONESTLY ONE OF THE MORE
RELEVANT PARTS. THESE PEOPLE APPLIED TO GET
THERE LOANS FORGIVEN, THEIR DEBT FORGIVEN AND AS THEY ARE WAITING
TO HEAR BACK FROM THE DEPARTMENT OF EDUCATION, INTEREST IS PILING
ON TO THAT OUTSTANDING LOAN AND THEY WENT TO CURRENT THE IN
COLLEGES, THEY WERE TOLD BY THE GOVERNMENT THAT THEY ARE
GOING TO GET THOSE LOAN FORGIVEN AND ALL OF A SUDDEN,
THEY ARE GETTING TONIGHT OR THEY’RE NOT EVEN HEARING BACK
FROM THE DEPARTMENT OF EDUCATION SO NOW THEY
OWE MORE THAN THEY ORIGINALLY WHAT HAVE AND IT IS
BECAUSE BETSY DEVOS LOVES THE FOR-PROFIT COLLEGES, DOES
NOT WANT TO RELIEVE THIS DEBT. TO GIVE YOU SPECIFIC NUMBERS: THAT IS ALL THEY’VE DONE, IGNORE
THEM OR DENY TWO OF THEM. TO GIVE CONTEXT, AND ABOUT
THE LAST HALF A YEAR OF OBAMA’S ADMINISTRATION, THEY GOT 46,274
CLAIMS SO MORE THAN UNDER TRUMP. UNLIKE CHUM, THEY DENIED NONE OF
THEM. THEY COULDN’T APPROVE ALL OF
THEM BECAUSE AGO THROUGH A PROCESS AND THEY CAN ONLY DO SO
MUCH IN THAT LAST HALF A YEAR, BUT THEY APPROVED, SUCH A
PROVED NONE. OBAMA APPROVED 27,986. IF YOU HAVE STUDENT LOANS, IT IS
CRYSTAL CLEAR WHO IS ON YOUR SIDE AND WHO IS AGAINST YOU. THE TRUMP ADMINISTRATION IS ON
THE SIDE OF THE BANKS. HEY, YOU GOT A CRAP EDUCATION
FROM THIS FOR-PROFIT COLLEGE. IT WAS WORTHLESS. YOU GOT ROBBED. OBAMA CAME IN AND SAID, FOR THE
PEOPLE WHO WERE ROBBED, YOU KNOW WHAT, WE DON’T WANT TO HELP
YOUR ROBBERS. WE WANT TO MAKE SURE YOU ARE NOT
BURDENED WITH THAT BECAUSE YOU CAN’T EVEN DO ANYTHING WITH
IT. AND IT WENT UNDER SO ALL THE
MONEY THAT YOU SPEND ON THAT IS NOW TOTALLY USELESS. YOU CAN YOU GET A JOB WITH IT. IT IS EVEN WORSE THAN THIS
BECAUSE LOOK, THEY DID DEFRAUD THE STUDENTS BECAUSE SO
THEY INFLATED JOB, GAINFUL EMPLOYMENT NUMBERS. FOR INSTANCE SAY YOU WERE GOING
TO ONE OF THE SCHOOL TO BECOME A CHEF. I GIVE THIS EXAMPLE BECAUSE IT
IS EASY TO UNDERSTAND. IF YOU ARE A STUDENT INQUIRING
ABOUT THE PROGRAM YOU WANT TO KNOW, WHAT IS THE LIKELIHOOD OF
ME GETTING A JOB IF I TAKE OUT ALL THESE LOANS AND GET AN
EDUCATION HERE? THE RECRUITERS WHO WERE
INCREDIBLY AGGRESSIVE WITH TELL THE STUDENTS, WELL, 95% OF OUR
STUDENT BODY GO ON TO BECOME CHEFS BUT IN REALITY, THEY
WOULD USE NUMBERS FROM FORMER STUDENTS WHO WERE EMPLOYED AT
MCDONALD’S AS EXAMPLES OF PEOPLE WHO GOT GAINFUL
EMPLOYMENT AS CHEFS. THAT IS JUST ONE EXAMPLE. THEY WOULD DO ALL SORTS OF
TRICKY THINGS TO CONVINCE THE STUDENTS TO TAKE OUT THESE
LOANS AND THE REASON WHY THE OBAMA ADMINISTRATION’S
REGULATED THESE FOR-PROFIT COLLEGES WAS BECAUSE THE
TAXPAYERS IN AMERICA WERE ON THE HOOK FOR A LOT OF THESE
LOANS. 95% OR MORE OF THE REVENUE
THAT WOULD GO INTO THESE FOR-PROFIT COLLEGES WERE BECAUSE
OF FEDERAL STUDENT LOANS AND SO OBAMA IS LIKE NO, WE’RE
NOT GOING TO DO THIS. THIS IS NOT OKAY. YOU KNOW WHO IS OKAY WITH THAT? BETSY DEVOS. SHE HITS AS REGULATIONS. THE GAINFUL REGULATION
EMPLOYMENT REGULATIONS FOR FOR-PROFIT COLLEGES, SHE HATES
THEM. SHE WAS VERY CLEAR ABOUT THAT
DURING HER CONFIRMATION HEARINGS THAT SHE WAS TO FURTHER
DEREGULATE THESE FOR-PROFIT COLLEGES WHO WILL IN TURN,
OBVIOUSLY BECAUSE THEY’VE A PROFIT MOTIVE CONTINUE TO
DEFRAUD THE STUDENTS AND THEN WHEN THEY CAN’T PAY BACK
THESE LOANS, WHO DO YOU THINK IS ON THE HOOK? THE STUDENTS ARE ON THE HOOK,
BUT THAT IS TAXPAYER MONEY. SO IF YOU ARE A BIG BANK, YOU
ARE GONNA LOVE THE TRUMP ADMINISTRATION BECAUSE YOU ARE
GONNA GET TO MAKE MORE LOANS AND THEY ARE GOING TO BE FORCED TO
PAY BACK WHETHER IT MAKES SENSE OR NOT BUT ALSO OF COURSE THAT
AFFECTS THE US TAXPAYERS BECAUSE A LOT OF IT IS BACKED UP BY US
BUT IF YOU ARE A STUDENT, THEY ARE NOT LOOKING UP FOR YOU
AT ALL. THEY DON’T CARE ABOUT YOU. LOOK AT THE TAX PROPOSALS. THEY WANT TO TAX YOUR STIPEND,
THE MEASLY LEASE STIPEND YOU GET IS A GRADUATE STUDENT. THEY WANT TO TAX TUITION THAT
HAS BEEN WAIVED. THE GOP IN THE TRUMP
ADMINISTRATION DOES NOT CARE ABOUT THE LITTLE GUY. THEY NEVER HAVE AND IF YOU EVER
BOUGHT INTO IT, YOU WERE CAN’T. IT IS TIME TO WAKE UP. THEY ARE GOING TO TAX YOUR
STIPEND THAT YOU ARE BARELY SURVIVING ON THAT THEY MADE A
NEW LOOPHOLE FOR PRIVATE JETS IN THAT SAME TAX CUT PLAN. BETSY DEVOS WAS NOT PUT IN TO
BECOME THE SECRETARY OF EDUCATION TO GET YOU MORE
EDUCATED. SHE WAS BROUGHT IN TO DO THE
OPPOSITE. FUNNEL AS MUCH OF THE PACK
TAXPAYER MONEY INTO PRIVATE ORGANIZATIONS THAT ARE GOING TO
GET RICH OFF OF IT AS POSSIBLE OKAY AND TO MAKE SURE THAT THE
PUBLIC SCHOOLS ARE STARVED AND THAT THE STUDENTS AT THIS
POINT, EVEN THE ONES THAT WERE DEFRAUDED ARE GOING TO HAVE
TO SUFFER AND TRY TO PAY BACK THOSE LOANS ANYWAY. WELL, TO US, THIS LOOKS LIKE THE
PROBLEM. TO THEM IT LOOKS LIKE MISSION
ACCOMPLISHED.

100 thoughts on “Trump Administration Halting Student Loan Forgiveness

  1. I live a few miles away from the DeVos family compound. They are reprehensible people that built their fortune from a pyramid scheme called Amway. Now the family is into the delinquent student loan collection business as well, as well as Eric Prince's mercenaries.

  2. There are so many blatant injustices within the American legal system.
    And yet, American citizens haven't risen up in revolution against them.
    LOL

  3. Agent Orange I know why the Russians got him in office to destroy the United States of America because everything he done since he been in office is dangerous to United States in the whole world President Putin I mean dictator Putin he got to be paying Agent Orange a lot of money because nobody in the world is this incompetent can't be true.

  4. everyone stop paying your loans!… just don't pay them!… if everyone collectively stopped paying there loans, credit cards, mortgages, etc at same time what a freedom of change we'd create!…. ok, ready, set, go!

  5. when you keep as many people as poor and uneducated as you can you can pretty much get away with stealing more from them with no consequence

  6. Bills suck but it's part of being a responsible adult. You borrow the money, pay it back. No one forced you to borrow it.

  7. Donald Trump continues to lie thru his teeth about the tax bills his party is trying to jam thru on a strict party line vote. The primary motivation for these bills is the desires of special interests like the U.S. Chamber of Commerce which only cares about the very wealthy. Quite a few middle class and poor people will end up paying MORE not less tax under their proposals.

  8. Well, it makes sense that Trump wants to punish the youngsters that voted against him. Clearly she is taking her marching orders from Trump.

  9. The fact of the matter is that not everyone needs to go to college, if we were to stop encouraging stupid kids to go to college (becasue they don't belong there) and let it go back to being a privelege reserved for the best and brightest most of these "problems" with "student loan debit" would go away wand all the dumb kids would be tossed out into the working world and be expected to sing for their supper.

  10. Betsey Devos is a piece of shit. I was just thinking about Public Service Loan Forgiveness, I bet that’s gone too. What a scum bag, Eric Prince’s sister, so no surprise whatsoever.

  11. The real scam at ALL higher education institution is the buying and selling back of books. the most expensive book I paid for in college was $50. At the end of the semester I might have gotten $20 (new condition). I have bought brand new books all to find out that the courses were not being offered next semester/year.
    I have a huge collection of research books and materials from this scam.

  12. $50..that's what I paid, there were books that cost more, but I refused to go higher than $50 on a book. I tried to find the most NEW USED copy that I could out of the stack. Sometimes i would buy USED REALLY USED….and don't get me going on "the packet" that's a scam too.

  13. This is all crazy, just the fact that we have to get LOANS to get an education? What? So go to school for 5 years to became a teacher, rack up 100k in loans and then work your ass off trying to educate the next generation for 30k a year? Do they even want us to have an education? Thats the real question.

  14. Man… Republicans are some evil people. Wouldn't the country be better off with educated citizens? Apparently not to Republicans. Once they get rich, they try as hard as possible to keep everyone else poor.

  15. If the students that got taken by for profit colleges can be released of the debt then DeVos will not get her money from Amway Academy.

  16. How come you guys don't talk about how DeVos has made college safe for men by repealing yes means yes? Now men can have sex again without risking their futures with false rape allegations.

  17. I like how u just explain it like Al Jazeera. Just straight up. And btw this trump administrating has been raping everyone that isn't rich. Interest is compounding for students for nothing. What

  18. Likely why the Trump administration is against the students is precisely because Trump was running one of these fraudulent schools himself.

  19. I think they're confusing the word "stipend" with "waiver."  In the two states I've attended grad school in, my monthly GA/TA stipends were always counted as taxable income.  That part isn't new.  What is new is the prospect of counting the tuition/fee waiver as taxable income as well.

  20. What about daddy loan forgiveness? Trump received a "little loan" of $1 million from his father to start in business. The Washington Post said Trump actually borrowed $9 million from his father. Hell, anyone can be successful if they have $9 million to invest.
    Trump was born rich and does not give a shit about anyone else.

  21. I was going to school to cut hair at Guti Beauty And wellness academy.. and they closed down. Nothing for me but to pay 15k plus… any help @Bloodwolfing

  22. Y'all need to look into the Art Institute of Washington in Arlington that Cook/Chef example is exactly what that college does.

  23. No personal responsibility for the debt they willingly agreed to. Instead forcefully take the money from those that worked and produced and give to those who lived off the loans for 4 years. No thanks I don't want to encourage such parasitic behavior.

  24. People should not be allowed to get a loan unless they have collateral or a co-signer. And the co-signer should not be the U.S. tax payer. Of course, if you give uneducated people access to large amounts of money in the form of a loan, they will blow it on all kinds of scams. They are not responsible enough or smart enough to be able to discern a scam school from a legit school. The scam schools rely upon the availability of credit to this group of people. If the credit did not exist, neither would the scam schools. Also, let's get real here, accredited state universities are also scamming students; it's not just fake unaccredited colleges. In fact, state universities are probably much worse than fake colleges because it is very difficult to discredit a state university which makes it easier for them to perpetrate their scams on unsuspecting students. But again, if credit was not widely available then college tuition would plummet, kids who have no business going to institutions of higher education would join the workforce straight out of high school and the kids who did go to college would be less inclined to waste time and choose worthless majors.

  25. I doubt if I ever would have fallen for any of these scams. I am a very cynical person and assume every transaction involves someone trying to screw me. Unfortunately not everyone is as cautious as I am. The government should have been out ahead of these scam schools and shut them down before they could do much damage. But there is something called the Republican party and that is why the problem exists.
    I went to college on a student loan and payed it back 2 years ahead of time. But I went to a state university in Louisiana so the tuition and thus loans were small and manageable. The last Republican governor, Jindal, cut state support of higher education 70% so the tuition and loans have gone up considerably. Republicans must want the middle class dead. The 2018 election marks 30 years of my not voting Republican. I should get a chip.

  26. Use fake further education to bancrupt a hopeful new generation that was not lucky enough to be born to the ivy league

  27. The CEO of one entity, SM, Has got two private jets, Mansions and boat, lavish life style, don´t you think?! By stealing nickels and dimes of struggling people in this country. They have established a profit center to make fortune on the defrauded student loans across the country. This business practice has been going on too long, and it is time to stop this abusive business practice, which evidently orchestrated by the special interest, lobbyist, to manipulate these fraudulent loans. Not allowing to be discharged by Bankruptcy protection. What a sham . . .

  28. Hello, I only needed a 620 credit score to qualify for a loan until my account officer referred me to FINANCEHACKERS01atGMAILdotCOM and they were able to improve my credit score from 510 to 820 in just few days! They also help to clear negative items in credit report,student loans..You can also text them on +18144225352 Goodluck

  29. How about we pressure colleges and universities to stop gauging students, stop creating useless diversity departments, and reduce cost. Instead, we let them charge as much as they want and make government pay for their fat salaries (forlittle work).

  30. This lady is so frustrating. Because quote "People APPLIED to get their debts forgiven" does not mean that your debt is yet forgiven. You have to keep paying until your APPLICATION is APPROVED. Wtf of course people still owed interest on these debts, kind of what they signed up for. Even then, people who do get approved have to pick up the total amount of the outstanding balance of the loan (meaning principle owed + unpaid interest) as debt forgiveness income on their income taxes.

    With that said, universities deserve all blame here. Quit admitting kids on student loans pursing degrees with no demand in the workplace.

  31. It is not the taxpayers' problem that individuals make poor choices in their finance and education endeavors. Nobody forced them to go to for-profit schools in the first place, especially considering there are countless of more reputable and and less expensive alternatives such as community colleges, etc.

  32. This don’t make sense to me as if Devos want to support for-profit colleges, wouldn’t she want to spend government money to forgive student loans because, in general, people just wouldn’t trust(they shouldn’t go or trust) for-profit colleges?

  33. What about the tax payers who have to front the bill when these people don't have to payback there federal loans that they chose to borrow themselves. The taxpayers are the ones getting screwed

  34. How about all those democrat loving Ivy League colleges dropping their fee’s? Or should the tax payer pick up the tab?

  35. I like aaron clarey but his religion is called Richtafarian he likes to suck the dicks of the wealthy. Like okay okay i get it sjw feminist degrees are stupid but so are the bourguise Nationalize institutions and only have stem fields

  36. Well. it looks like trump actually did the opposite of what this BS video states. He actually removed the tax penalties for the disabled who have to ask for a SL discharge. Young Turks suck moose dick.

  37. The AFRICAN ASSWIPE PIECE OF CRAP OBAMA was the worst PRESIDENT America has had! And elected only because the ASSHOLE is BLACK! AMERICA biggest mistake. The AFRICAN ASSWIPE OBAMA created DACA only to win his second election! And i believe the ASSWIPE Obama is not even AMERICAN but AFRICAN! Even his FULL NAME SOUNDS AFRICAN!!

  38. Dear Cenk: The definition of robbed: the act or practice of robbing

    specifically : larceny from the person or presence of another by violence or threat

    Cenk's Definition: entering a voluntary transaction with a individual/state/institution

    Based on the traditional definition of robbed the students were not "robbed" as TYT would put it. They entered a voluntary transaction with an institution where they pay X and receive Y. Its very simple, be smart with your money and don't attend a college that is 60K a year with a major in gender studies (and it helps if you actually do something in college and not get drunk every night).

  39. There is only one problem. Who is going to pay off those loans ? It is the tax payer.
    1. If a for profit school is a fraud, then is it the student's responsibility to research the school they are attending. Some body did not do their due diligence.
    2. Government is required by law to provide student loans to students who attends non profit and for profit colleges. What would be the objective criteria be in determining if the school is a fraud or not.

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