STAFFING REDUCTIONS AT EDUCATION DEPARTMENT HAVEN'T HIT FAFSA OFFICE AMID TRUMP CUTS, AGENCY SAYS
Student loan borrowers demanded that then-President Joe Biden immediately cancel student debt at a rally outside the Supreme Court on June 30, 2023 in Washington, D.C. (Getty Images)
In a few months, there could be almost 10 million people in default, the Education Department said.
The Biden administration attempted to bail out millions of student loan borrowers, but was blocked in some instances.
"American taxpayers will no longer be forced to serve as collateral for irresponsible student loan policies," said Secretary of Education Linda McMahon. "The Biden Administration misled borrowers: the executive branch does not have the constitutional authority to wipe debt away, nor do the loan balances simply disappear. Hundreds of billions have already been transferred to taxpayers."
The Trump administration has long said that taxpayers shouldn't foot the bill for trillions of dollars in student debt.
On Tuesday, the Trump administration said it will go after wages, pensions and tax refunds to claw back federal student loan debt. (OLIVIER DOULIERY/AFP via Getty Images)
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"We must get our fiscal house in order and restore common sense to our country," Leavitt said. "If you take out a loan, you have to pay it back. It's very simple. President Trump will not kick the can down the road anymore."
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