5/20/25

There is currently $1.7 trillion in student loans outstanding. Nine million of those loans are in default or serious arrears. This is now all taxpayer money, as President Obama essentially nationalized student debt, taking it away from private lenders and putting it under the auspices of the Department of Education. He claimed, at the time and knowing that it wasn’t true, that the government would actually make money off of that move. Given the attempts to “forgive” those loans, it’s our opinion they never meant for them to be paid back and was nothing more than blatant vote buying.