Relevant and even prescient commentary on news, politics and the economy.

GAO: Government Losses on Federal Student Loan Programs?

As you “should” know by now, Alan Collinge is an activist and has organized the Student Loan Justice Org a number of years ago. The Organization attempts to represent those student loan borrowers who have no recourse for forgiveness or bankruptcy as every other person in the nation has when taking out a loan? Alan […]

Older People now Outnumber Younger People With Student Loan Debt*

That coming from Alan Collinge of Student Loan Justice Org. I have been writing about him, his supporters and followers, his Org. Student Loan Justice, and the government’s response to student loans for a decade now. This is news, facts, etc. about 45 million people in 2022 and not some anecdote. The post title comes […]

Why $10,000 of Student Loan Relief will not Help

I have been bugging Alan at Student Loan Justice to talk more about Student Loan interest, etc. accumulating on these loans. As you can see it is not unusual to accumulate more interest or other costs than the original loan amount. It is also not unusual for the servicer to collect interest before paying down […]

Another view of the student loan debt crisis

I have worked with Alan Collinge and Student Loan Justice Org. for at least a decade on student loan bankruptcy. This article was taken from the Tallahassee Democrat. This article has some numbers on who is impacted, which has been presented, and largely ignored here and other places. United States Senator Elizabeth Warren (D-Mass.) and Senate […]

Student Loan Debt Forgiveness

I was reading the commentary on student loan forgiveness since Joe Biden has said he would do something. It is not going to be $50,000 in forgiveness as Senators Warren, Sanders, and Schumer are pushing. Biden has said it is unlikely it will be this amount. Indeed, he suggested $10,000. The $10,000 might be worthy […]

Bad Mouthing the Holders of Student Loans

Tough Guy, senator Mitch McConnell making political hay over President Joe Biden extending a student loan moratorium for a few more months. The mistake Joe is making or has made is not deciding what to do. It is getting late in the game of politics. Here is senator Mitch McConnell. “I think in this country, […]

Student Loan Debt Cancellation Will Not Benefit the Wealthy or Young?

Student Loan Cancellation will not Benefit the Wealthy, Alan Collinge, Student Loan Justice Org. Alan Collinge History In 1972, allegations about students abusing bankruptcy3 courts were beginning to make headlines. Major newspapers were publishing anecdotes about students who took out large college loans. Supposedly then, young graduates or students quickly declared bankruptcy to avoid paying them off. The […]

New Student Loan Payment Schedule

Alan Collinge’s Student Loan Justice Facebook page. I keep talking about how the consolidation fees, late fees, forbearance interest, etc. and the interest on the previous adds up over time. Pretty soon, it surpasses the original loan balance. There are probably worse examples of this occurring. As it is, the non-principal payments are more than […]

Freeing Former Students of Loan Debt, a Conversation

An Intro and some history: Alan Collinge at Student Loan Justice Organization. Alan has collected 1,065,931 signatures on his petition asking President Joe Biden to cancel student loan debt. His new goal is to reach 1.5 million signatures. If you believe in the cause you should sign his petition. Petition · President Biden: Cancel Federal […]

A Student’s View, The “Unshakeable Burden” of Student Loans

“Americans stress over ‘unshakeable burden’ of student loan payments,” The Guardian, Michael Sainato, May 2020 The nation can alleviate one person of their debt multiple times; but, it can not do so for the younger contingent consisting of minorities and white former students who would add to the growth of the economy if freed. Much […]