Trump Administration Has No Plan to Forgive Student Loan Debts

By on October 22, 2018

Fox News is reporting Mick Mulvaney, the Director of the Office of Management and Budget and Consumer Financial Protection Bureau says the government has no plan they to provide relief to students by forgiving their student loan debt.

I guess you can forget any chance at general bankruptcy relief under Trump.

“We would like people to repay their debts,” Mulvaney said. “We think that’s a fair thing to do.” –

With student loan debt dragging down many segments of the population, the $1.53 trillion dollars owed in student loan debt is just the fault of the consumer I guess the position is.

Now it might be one argument to say people should pay it back but a big part of the problem here is the government is the one not taking appropriate action to protect borrowers from fraud and abuse by for-profit schools that are encouraging borrowing.

Essentially the government is passing out the money and then bitching because people borrowed it and can’t pay it back.

Mulvaney said, “Face it: If you’re borrowing money right now to go to school, you’re borrowing from the taxpayers.” He also said, “And if you ask for loan forgiveness, what that really means is you want other taxpayers to give you money to go to school and that’s not part of our program.”

What if you just want your tax dollars to protect students from fraud and abuse by institutions that put them in debt without providing the promised education or employment assistance? Is that part of any program given that the CFPB under Mulvaney has taken a hands-off schools approach?

Last step, fill out the information below or call us for Priority Assistance.

What problems are you having with your report?

Your first name is required. Your first name is required to be at least 2 characters. Your first name cannot be longer than 50 characters.
Your last name is required. Your last name is required to be at least 2 characters. Your last name cannot be longer than 50 characters.
Your email is required.
Your phone is required. Your 10 digit phone number is required.
Your state is required.
Your age is required. Your age must be greater than 18. Your age must be less than 100.

By clicking on the "Contact Me" button above, you consent, acknowledge, and agree to the following: Our Terms of Use and Privacy Policy and to receive electronic communications. We take your privacy seriously. That you are providing express "written" consent for Debt.com or appropriate service provider(s) to call you (including through automated means; e.g. autodialing, text and pre-recorded messaging) via telephone, mobile device (including SMS and MMS - charges may apply), even if your telephone number is currently listed on any internal, corporate, state or federal Do-Not-Call list. Consent is not required as a condition to utilize Debt.com services and you are under no obligation to purchase anything.

By clicking on the “Contact me” button above, you consent, acknowledge, and agree to the following: (1)That you are providing express “written” consent for Lexington Law Firm, Debt.com or appropriate service provider(s) to call you (including through automated means; e.g. autodialing, text and pre-recorded messaging) via telephone, mobile device (including SMS and MMS – charges may apply), or dialed manually, at my residential or cellular number, even if your telephone number is currently listed on any internal, corporate, state or federal Do-Not-Call list; and (2)Lexington Law’s and and Debt.com’s Terms of Use and Privacy Policy. Consent is not required as a condition to utilize Lexington Law or Debt.com services and you are under no obligation to purchase anything.

About Steve Rhode

Steve Rhode is the Euro-Video and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

Share a Comment / Leave a Reply

%d bloggers like this: