Refinance

Trump Just SCREWED Millions Of Us residents With College student Bank loan Debt





The Trump administration has formally rolled back protections for people who have defaulted on scholar financial loans. The protections effected close to 7 million borrowers. Ana Kasparian and Cenk Uygur crack down on The Young Turks. Notify us what you feel in the remark portion below.

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“Days immediately after a report on federal scholar financial loans exposed a double-digit rise in defaults, President Trump’s administration revoked federal steerage Thursday that barred scholar financial debt collectors from charging significant fees on earlier-thanks financial loans.

The Instruction Office is buying warranty companies that obtain on defaulted financial debt to disregard a memo former President Barack Obama’s administration issued on the old lender-dependent federal lending application, regarded as the Federal Spouse and children Instruction Bank loan (FFEL) Software. That memo forbid the companies from charging fees for up to 16 % of the principal and accrued curiosity owed on the financial loans, if the borrower entered the government’s loan rehabilitation application within just sixty days of default.

The Obama administration issued the memo immediately after a circuit court docket of appeals requested for steerage in a circumstance towards United College student Aid Money (United states Money) difficult the assessment of collection expenses. Bryana Bible took the business to court docket immediately after staying billed $4,547 in collection expenses on a loan she defaulted on in 2012. Although she experienced signed a “rehabilitation agreement” with United states Money to set a diminished payment program to take care of her financial debt, the business assessed the fees.”*

Hosts: Cenk Uygur, Ana Kasparian
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38 comments

  1. Trump never payed his bills why should we right..

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  2. Congratulations America. We have our first complete egomaniac uneducated idiot moron illiterate for a president. Who knew? Hahahaha

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  3. Let's see. You want the government (which always has lots and lots of money to give away) to pay for everyone's 4 year college degrees, no matter how stupid the subject. And you want the government to forgive all the ones who got those useless 4 year degrees. It's one thing to forgive your stupidity in the past. But do you really need to keep being stupid deep into the future?

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  4. Trump takes from the students to give to his tax cut for people with private planes.

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  5. That's why I never vote.

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  6. Trump will never save America… It's unrealistic.

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  7. Trump is ready to destroy America again… Trump will not protect the people… He will continued to destroy people the NWO… Many militias are very disappointed. Trump is not special

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  8. I was almost done with my payment plan of 9 months at the collection agency and they all of a sudden cancelled it did not notify me everytime I call Department of edu they say there's nothing they could do because my account is still with a collection agency and everytime I call the collection agency no one answers and refers me to Department of EDU I'm getting the runaround and it's frustrating feel like I'm stuck

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  9. cenk, told the truth we are now in social darwinism

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  10. America are you feeling great yet?

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  11. Disgusting uneducated idiot

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  12. My middle class taxes and student loans. Makes me slave to government and I never got help like out leaders. And i never got money like trump from family education. 100,000 later. Whose helping me and my family. Noone.

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  13. Dept of ed and government. does not help citizens. Real life ones Trump can pay my ta es and loans i raised a family and tried to get am education. Trump helps collectors and could care less about helping Americans and economy. Hes rich. He does not care. Student loans hurt and hes digging the knife in the gut with his big bank biddies.

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    Reply
  15. He said, "corrupt system" . People's perceptions depend on who you're talking to. But it should be obvious to everyone by now what system we live in. I like this guy because he is clearly stating what is unfortunately all to true.
    The rich and powerful are crushing the rest of us. How can it be changed? I'm afraid it can't unless they change their own selfish nature. Is that likely to happen? Ever?

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  16. Bunch of liars . That's what's insane.

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  17. funny how many people on here are supporting trump's decision. The media and youtube channels just put him down throughout the election but a large of portion social medial comments were pro trump during the election, even though polls said people did not approve of him during election. Nothing has changed, media still talking bad about him and so is the far left. People still go on social media to defend and support him as much as they did then. I think if he ran again today he would still win. but let these clueless individuals keep running their lips, it didn't help them during the previous election and it wont do much for them now. If you get a degree in liberal arts or some unemployable degree, or low income degree, and get a loan to do it then your dumb ass deserves to be broke and the banks have the rights to go after the money. when they say one debt you cant get rid of they mean the one debt you can't ignore for 7 years until its dropped from your credit and it can no longer be collected. I think all debt should be held against you until you pay for it, no matter how long it takes. Don't agree with it then don't get a loan.

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  18. "You can't stimulate an economy w/out a robust middle class". Oh really! My dear… you have voted Democrat your whole life, so then by doing so, you have voted to destroy the middle class! These people are clueless!

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  19. Not true, Trump has a plan baby…

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  20. He also just gave us the biggest debt reduction since Eisenhower; over 50 years ago!!!

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  21. Obama made them do it… of course Trump is guilty…
    sick libtard logic

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  22. You wouldn't be poor if you got off your ass and got a job!

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  23. I took out a student loan for the amount I could afford to attend graduate school. I have $904 net balance on my Nelnet and will be paid off this year. This is how borrowers should do it.

    Cheers!

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  24. Boycott these two. Just talking shit

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  25. democrats give billions to muslims! Republicans take from the poor! both are corrupt! both give to nasa billions! get thst!. are are you retarded! do you have a brain? the prophet! fathom that! democrats kill babies, and Republicans too! both kill world citizens! both kill you with agenda 21! you guys are brain dead or just liars!

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  26. smh…

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  27. nose job mother fucker ana. you mother fuckers are working hard to rift the country apart

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  28. So… Don't cash a check your ass can't handle. What's wrong with that. It's common sense.

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  29. Before I say this, I will say I HAVE NO STUDENT LOANS. I went to the military to pay for my education. But it would be great if they give student loans without interest instead just pay back the loan (for those who don't have the means).

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  30. nose job mother fucker ana

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  31. Wow!
    How can any politician do this to Students?
    Wow! Why?

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  32. student loans can be forgiven by disability with witch you were for.

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  33. trump was given 1,000,000.00 get it right.

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  34. Pull your heads out of your asssssses your all wrong

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  35. 866-800-8419

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  36. I'm in 8th grade and I'm saving 70% of each of my minimum wage pay checks up until my last day of high school so I can pay for some of my first year of collage… wtf

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  37. and where are Americans going to buy their cheap imported drugs from now? Oh, wrong video. Freedom too choose debt. 70% of big Lottery winners go bankrupt in 5 years means 70% can not manage money

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  38. The American people are fucked from the right by the Republicans and the left by Democrats.

    Reply

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