White House Objectives have Loan Pardon for Biden Student Students
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Those who die or refuse to pay their federal Student Loans It could have its salaries, federal pensions and trimmed tax returns, the White House said on Tuesday.
White House Secretary, Karoline Leavitt, told journalists in their weekly news session that the Trump administration will go after those who do not refund loans instead of supplying taxpayers.
« The Government may and will charge the federal debt of federal loans by default through the retention of money of the borrowers, tax returns, federal pensions and even their salary, » he said.
Trump still needs the help of Congress with the plan to abolish the Department of Education
Those who occur by default of their federal student loans debt could have their salary. Tax returns and federal pensions decorated, said Trump administration on Tuesday. (Getty’s pictures)
It Department of education He said on Monday that he would resume collections in loans for federal students by default in May for the first time since 2020. The student loan portfolio is of about $ 1.6 trillion, said Leavitt, with less than four out of ten borrowers up to his speed with his loans.
As a whole, the official said that there are 4 million borrowers who are in the delinquency phase in the phase of payments, which means that they are between 91 days and 180 days late in payments.
« This is unsustainable, unfair and enormous responsibility for North -Americans. « Why did the North -Americans who did not go to college or go to college and paid their loans responsible, pay student loans from other North -Americans? The Trump administration will never force taxpayers to pay debt from student loans who do not belong to them. »
Student loan borrowers demanded that the then President Joe Biden immediately cancel students’ debt in a rally outside the Supreme Court on June 30, 2023 in Washington, DC (Getty’s pictures)
In a few months, there could be almost 10 million people by default, the Department of Education said.
It Biden administration He tried to rescue millions of student loans, but in some cases it was blocked.
« North -american taxpayers will no longer be forced to serve as a guarantee for irresponsible student loans policies, » said Education Secretary Linda McMahon. « Biden’s administration cheated on the borrowers: the executive branch does not have the constitutional authority to erase the debt, nor the lending balances disappear. Hundreds of billions have already been transferred to taxpayers. »
Trump administration has been saying for some time That taxpayer Should not make the bill for trillions of dollars in student debt.
On Tuesday, the Trump administration said it will go after the salaries, pensions and tax returns in order to retreat the debt of the federal student loan. (Olivier Doulierry/AFP through Getty Images)
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« We need to get our tax house in order and restore common sense in our country, » said Leavitt. « If you take a loan, you have to return it to pay. It is very simple. President Trump will no longer turn on the road. »
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