A federal appeals court halted a rule from President Joe Biden’s administration on student loan debt relief for borrowers who say they were misled by schools.
Don’t forget the government ensuring that student loans are not able to be erased, even by bankruptcy.
This creates a guaranteed income stream for the banks, while also allowing the universities to crank up tuition costs, knowing that the bank will approve any student loan amount - knowing there will never be a default on that loan.
At this point, the whole secondary education system in the US is a giant scam to create debtors for the next 20-30 years.
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Don’t forget the government ensuring that student loans are not able to be erased, even by bankruptcy.
This creates a guaranteed income stream for the banks, while also allowing the universities to crank up tuition costs, knowing that the bank will approve any student loan amount - knowing there will never be a default on that loan.
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