They think young people won't find out about it in the next ~1 month until the midterm elections?

https://twitter.com/libbycwatson/status/1575534594605998081

  • The_Walkening [none/use name]
    ·
    2 years ago

    This is an even worse own goal for the Dems because Biden couldn't touch private debt with an EO anyways. The best thing they could have said is nothing at all!

    • VenetianMask [any]
      ·
      2 years ago

      Private companies are contracted sometimes to manage the publicly held debt and make their profits from delinquency fees.

      • The_Walkening [none/use name]
        ·
        2 years ago

        Ahh - yeah I thought there was just the two but ofc there's a third type of student loan debt that's literally designed for banks to make money with zero risk

        • regul [any]
          ·
          2 years ago

          Obama, to his credit, did end the practice.

      • The_Walkening [none/use name]
        ·
        2 years ago

        I was under the impression that they announced the change, but it looks like they didn't and just updated their guidelines quietly and that was picked up in the media.