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So, the DOE handles student loans. No DOE, what happens to the loans?
Just heads up, DOE is Department of Energy. Official abbreviation for Department of Educations is ED, an informal one is DoEd.
Also the student loans would be transfered to Department of Treasury, which they will likely try to do even if ED is not shut down.
I'm sure the "servicers" will continue to collect. Republicans went out of their way to file a suit on behalf of one of them that triggered relief getting blocked.
Don't worry, they will make sure to close all of the loopholes that might actually benefit the working class.
As someone who's got ~1 year left of payments on his Public Service Loan Forgiveness, I'm just waiting for the news that it's been cancelled and my loans will not be forgiven.
Yep, student loan repayment is the one point on which politicians will grow a spine and object. God forbid they unite on anything else.
Yeah, you would think that would get rid of the loans, but realistically they'll just sell the loans to some bank, and then a political solution to debt forgiveness becomes completely impossible.
They also manage the school vouchers. It's literally getting in the way of their own goals. Something I mentioned months ago.