this post was submitted on 10 Dec 2025
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Trump admin moves to end major student loan forgiveness plan: 'We won't tolerate it' (abcnews.go.com)
submitted 3 months ago by dude@lemmings.world to c/news@lemmings.world
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[–] Atelopus-zeteki@fedia.io 18 points 3 months ago (1 children)

"This settlement is pure capitulation--it goes much further than the suit or the 8th Circuit order requires," Yu wrote in a statement to ABC News. "The real story here is the unrelenting, right-wing push to jack up costs on working people with student debt."

[–] Mirshe@lemmy.world 12 points 3 months ago

Don't forget the Department of Education is ALSO trying to find ways to shift these loans to big private corporations, in what is surely not an attempt to create and then short securities backed by student loans, which will obviously not have any effects on the economy.