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Set 5, 2022
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And you will, Braxton Brewington, I wanted to inquire of you throughout the a few of the people into the so it education loan industry

And you will, Braxton Brewington, I wanted to inquire of you throughout the a few of the people into the so it education loan industry

Whatever you see is there can be a giant earnings purpose at the rear of the newest ideology away from staying forty-five billion student debtors in debt to help you possibly individual collectors, such SoFi, or perhaps to the federal 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.

Why are it performing this? I mean, you know, one can only think that it is because out of an excellent ideological, you realize, belief that people is eliminate something similar to degree – as opposed to dealing with it a general public a great, good democratic a good, the right, you are aware, because the something that would be managed such as for instance a commodity. Continue reading »

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