The department of education announced yesterday that it is declaring more than 5.3 million student loan borrowers in default of their payments, and would begin the process of involuntarily garnishing their wages.
All the student loans "forgiven" under the Biden program are now considered in default and the Department of Education will be garnishing the wages of up to 5.3 million Americans.
I had conflicting opinions about Biden's Student Loan Forgiveness program, due to the fact that a future Republican President would rescind it and immediately seek to ruin the credit scores of millions of Americans by declaring them in default.
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