Question:
Does this include recompense of qualified monies paid on said debt under the original BDR standards or is this cancellation of outstanding debt only?
If it is the latter then I have to say in regards to the DoE’s efforts…
Still fleeced and well forgotten w/ thousands of dollars less in my bank account.
Forgive the rudeness, but count me out of celebrating another empty achievement by the DoE to make my imaginary leger of illegitimate debt go ‘POOF!’ while they continue to chop up the $18k I paid into it right to my face so they can dole it out to debt servicing corporations and other high ranking gaping rectums that exploit the motivation to be educated for a profit.
Unacceptable and unsatisfactory.
But more importantly, politically liable to turn a lot more angry student debtors against the Democratic Party for good this time especially if this is how the Biden administration is shaping up to handle BDR’s. Which is to say a clunky, means tested debt jubilee that never gets fully implemented and sucks up all the media attention while the defrauded cash paid in goes out the back never to be seen again. Having the gall to renege on your own Executive Order that was the impetus for the program is a new low as well. (#13607 to be specific).
In closing, if the DoE by way of the Democratic Party (in true laissez faire form), chooses to only forgive debt by shoveling budget money down the gullet of our loan crisis in order to satiate the market economy tapeworm that’s been attached to it for decades and passes on the opportunity once again to take the same funds and divert lump sums to Fed Loan and other servicers to then be automatically disbursed into the direct deposit accounts associated with the defrauded loan…then ‘celebratory’ will be the last thing I’ll be.
Betsy DeVos is a megalomaniacal, sociopathic Calvinist that shared a childhood w/ the homicidal founder of the most infamous mercenary contracting firm in history next to the Crusades of the Catholic Church so what’s this DoE’s excuse? Just didn’t wanna? Please. We’ve done this dance before.
Congrats on the movement and gratitude for all the hard work Debt Collective does on my behalf despite the thorny attitude on this topic.