Trump Administration Halting Student Loan Forgiveness

VERY RECENTLY CORINTHIAN COLLEGES WHICH WAS ONE OF THE BIG CORPORATIONS THAT HAD OPERATED A NUMBER OF FOR-PROFIT COLLEGES ESSENTIALLY DISSOLVED BECAUSE OF THE FACT THAT IT WAS DEFRAUDING SONY STUDENTS AND THE FEDERAL GOVERNMENT WENT AFTER THEM NOW THE CORINTHIAN COLLEGES DOESN'T EXIST, ANY TYPE OF SO-CALLED DEGREE OR DIPLOMA THAT STUDENTS WERE PURSUING WERE NULL AND VOID AND SO THERE WAS AN AGREEMENT BY THE FEDERAL GOVERNMENT UNDER THE OBAMA MINISTRATION TO PROVIDE DEBT RELIEF TO THE STUDENTS BECAUSE THEY ESSENTIALLY ENDED UP TAKING OUT LOANS AFTER BEING DEFRAUDED AND THEY DIDN'T GET A GOOD EDUCATION OR EVEN ANY TYPE OF DEGREE AS A RESULT OF THAT

NOW INCOMES BETSY DEVOS AND THINGS ARE A LITTLE DIFFERENT EVEN THOUGH THE FEDERAL GOVERNMENT UNDER OBAMA AGREED TO A DEBT RELIEF PROGRAM, THAT'S BETSY DEVOS IS ESSENTIALLY IGNORING THAT PROGRAM LET'S GIVE YOU SOME INFO ON THAT LET'S FOCUS ON THE SECOND PORTION OF THAT BECAUSE THAT'S HONESTLY ONE OF THE MORE RELEVANT PARTS THESE PEOPLE APPLIED TO GET THERE LOANS FORGIVEN, THEIR DEBT FORGIVEN AND AS THEY ARE WAITING TO HEAR BACK FROM THE DEPARTMENT OF EDUCATION, INTEREST IS PILING ON TO THAT OUTSTANDING LOAN AND THEY WENT TO CURRENT THE IN COLLEGES, THEY WERE TOLD BY THE GOVERNMENT THAT THEY ARE GOING TO GET THOSE LOAN FORGIVEN AND ALL OF A SUDDEN, THEY ARE GETTING TONIGHT OR THEY'RE NOT EVEN HEARING BACK FROM THE DEPARTMENT OF EDUCATION SO NOW THEY OWE MORE THAN THEY ORIGINALLY WHAT HAVE AND IT IS BECAUSE BETSY DEVOS LOVES THE FOR-PROFIT COLLEGES, DOES NOT WANT TO RELIEVE THIS DEBT

TO GIVE YOU SPECIFIC NUMBERS: THAT IS ALL THEY'VE DONE, IGNORE THEM OR DENY TWO OF THEM TO GIVE CONTEXT, AND ABOUT THE LAST HALF A YEAR OF OBAMA'S ADMINISTRATION, THEY GOT 46,274 CLAIMS SO MORE THAN UNDER TRUMP UNLIKE CHUM, THEY DENIED NONE OF THEM THEY COULDN'T APPROVE ALL OF THEM BECAUSE AGO THROUGH A PROCESS AND THEY CAN ONLY DO SO MUCH IN THAT LAST HALF A YEAR, BUT THEY APPROVED, SUCH A PROVED NONE OBAMA APPROVED 27,986

IF YOU HAVE STUDENT LOANS, IT IS CRYSTAL CLEAR WHO IS ON YOUR SIDE AND WHO IS AGAINST YOU THE TRUMP ADMINISTRATION IS ON THE SIDE OF THE BANKS HEY, YOU GOT A CRAP EDUCATION FROM THIS FOR-PROFIT COLLEGE IT WAS WORTHLESS YOU GOT ROBBED

OBAMA CAME IN AND SAID, FOR THE PEOPLE WHO WERE ROBBED, YOU KNOW WHAT, WE DON'T WANT TO HELP YOUR ROBBERS WE WANT TO MAKE SURE YOU ARE NOT BURDENED WITH THAT BECAUSE YOU CAN'T EVEN DO ANYTHING WITH IT AND IT WENT UNDER SO ALL THE MONEY THAT YOU SPEND ON THAT IS NOW TOTALLY USELESS YOU CAN YOU GET A JOB WITH IT IT IS EVEN WORSE THAN THIS BECAUSE LOOK, THEY DID DEFRAUD THE STUDENTS BECAUSE SO THEY INFLATED JOB, GAINFUL EMPLOYMENT NUMBERS

FOR INSTANCE SAY YOU WERE GOING TO ONE OF THE SCHOOL TO BECOME A CHEF I GIVE THIS EXAMPLE BECAUSE IT IS EASY TO UNDERSTAND IF YOU ARE A STUDENT INQUIRING ABOUT THE PROGRAM YOU WANT TO KNOW, WHAT IS THE LIKELIHOOD OF ME GETTING A JOB IF I TAKE OUT ALL THESE LOANS AND GET AN EDUCATION HERE? THE RECRUITERS WHO WERE INCREDIBLY AGGRESSIVE WITH TELL THE STUDENTS, WELL, 95% OF OUR STUDENT BODY GO ON TO BECOME CHEFS BUT IN REALITY, THEY WOULD USE NUMBERS FROM FORMER STUDENTS WHO WERE EMPLOYED AT MCDONALD'S AS EXAMPLES OF PEOPLE WHO GOT GAINFUL EMPLOYMENT AS CHEFS THAT IS JUST ONE EXAMPLE THEY WOULD DO ALL SORTS OF TRICKY THINGS TO CONVINCE THE STUDENTS TO TAKE OUT THESE LOANS AND THE REASON WHY THE OBAMA ADMINISTRATION'S REGULATED THESE FOR-PROFIT COLLEGES WAS BECAUSE THE TAXPAYERS IN AMERICA WERE ON THE HOOK FOR A LOT OF THESE LOANS

95% OR MORE OF THE REVENUE THAT WOULD GO INTO THESE FOR-PROFIT COLLEGES WERE BECAUSE OF FEDERAL STUDENT LOANS AND SO OBAMA IS LIKE NO, WE'RE NOT GOING TO DO THIS THIS IS NOT OKAY YOU KNOW WHO IS OKAY WITH THAT? BETSY DEVOS SHE HITS AS REGULATIONS THE GAINFUL REGULATION EMPLOYMENT REGULATIONS FOR FOR-PROFIT COLLEGES, SHE HATES THEM

SHE WAS VERY CLEAR ABOUT THAT DURING HER CONFIRMATION HEARINGS THAT SHE WAS TO FURTHER DEREGULATE THESE FOR-PROFIT COLLEGES WHO WILL IN TURN, OBVIOUSLY BECAUSE THEY'VE A PROFIT MOTIVE CONTINUE TO DEFRAUD THE STUDENTS AND THEN WHEN THEY CAN'T PAY BACK THESE LOANS, WHO DO YOU THINK IS ON THE HOOK? THE STUDENTS ARE ON THE HOOK, BUT THAT IS TAXPAYER MONEY SO IF YOU ARE A BIG BANK, YOU ARE GONNA LOVE THE TRUMP ADMINISTRATION BECAUSE YOU ARE GONNA GET TO MAKE MORE LOANS AND THEY ARE GOING TO BE FORCED TO PAY BACK WHETHER IT MAKES SENSE OR NOT BUT ALSO OF COURSE THAT AFFECTS THE US TAXPAYERS BECAUSE A LOT OF IT IS BACKED UP BY US BUT IF YOU ARE A STUDENT, THEY ARE NOT LOOKING UP FOR YOU AT ALL THEY DON'T CARE ABOUT YOU LOOK AT THE TAX PROPOSALS THEY WANT TO TAX YOUR STIPEND, THE MEASLY LEASE STIPEND YOU GET IS A GRADUATE STUDENT

THEY WANT TO TAX TUITION THAT HAS BEEN WAIVED THE GOP IN THE TRUMP ADMINISTRATION DOES NOT CARE ABOUT THE LITTLE GUY THEY NEVER HAVE AND IF YOU EVER BOUGHT INTO IT, YOU WERE CAN'T IT IS TIME TO WAKE UP THEY ARE GOING TO TAX YOUR STIPEND THAT YOU ARE BARELY SURVIVING ON THAT THEY MADE A NEW LOOPHOLE FOR PRIVATE JETS IN THAT SAME TAX CUT PLAN

BETSY DEVOS WAS NOT PUT IN TO BECOME THE SECRETARY OF EDUCATION TO GET YOU MORE EDUCATED SHE WAS BROUGHT IN TO DO THE OPPOSITE FUNNEL AS MUCH OF THE PACK TAXPAYER MONEY INTO PRIVATE ORGANIZATIONS THAT ARE GOING TO GET RICH OFF OF IT AS POSSIBLE OKAY AND TO MAKE SURE THAT THE PUBLIC SCHOOLS ARE STARVED AND THAT THE STUDENTS AT THIS POINT, EVEN THE ONES THAT WERE DEFRAUDED ARE GOING TO HAVE TO SUFFER AND TRY TO PAY BACK THOSE LOANS ANYWAY WELL, TO US, THIS LOOKS LIKE THE PROBLEM TO THEM IT LOOKS LIKE MISSION ACCOMPLISHED