0:00
every day in other news the Trump
0:02
administration has announced we will put
0:04
an end to Joe Biden's illegal student ba
0:06
loan bailout attempts no student loan
0:09
has been referred to collection since
0:10
March of 2020 that comes to an end on
0:14
May 5th the Department of Education will
0:16
resume involuntary collections for
0:18
borrowers with defaulted federal student
0:20
loans the student loan portfolio
0:22
controlled by the federal government is
0:26
trillion but fewer than four out of 10
0:29
borrowers are in repayment this is uns
0:32
unsustainable unfair and a huge
0:34
liability for American taxpayers debt
0:37
cannot be wiped away it just ends up
0:39
getting transferred to others so why
0:41
should Americans who didn't go to
0:42
college or went to college and
0:44
responsibly paid back their loans pay
0:46
for the student loans of other Americans
0:48
the Trump administration will never
0:50
force taxpayers to pay student loan
0:52
debts that don't belong to them student
0:54
loan borrowers need clarity and we're
0:56
finally giving it to them borrowers will
0:59
now be clearly expected to repay their
1:01
loans and those who default on their
1:03
loan obligations will face involuntary
1:05
collections the government can and will
1:07
collect defaulted federal student loan
1:09
debt by withholding money from borrowers
1:11
tax refunds federal pensions and even
1:13
their wages america is $36 trillion in
1:17
debt we must get our fiscal house in
1:18
order and restore common sense to our
1:20
country if you take out a loan you have
1:23
to pay it back it's very simple
