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

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 […]

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 […]

Arguing for Student Loan Forgiveness for All

Naked Capitalism had an article up in the “Links” assortment of other articles taken from various sites. The Common Dreams article touched upon one of the topics I write about and have done so over the last decade – Student Loans and Alan Collinge’s Student Loan Justice Org. In my public discussions with Alan and […]

Canceling Outstanding Student Loans in Default

Some State AGs Take Action Seventeen State Attorney Generals signed and sent a letter to Congressional leadership (Schumer, Pelosi, McConnell, McCarthy) calling on Congress (Friday February 19) to pressure President Joe Biden to cancel up to $50,000 in federal student load debt for borrowers as a part of pandemic relief. The AGs write: “As the […]

Rolling Jubilee: A Wolf in Sheep’s Clothing?

authored by Alan Collinge of the Student Loan Justice Organization, a grass roots group seeking the swift return of standard bankruptcy protections and other consumer protections to all student loans in the U.S. “We started by going after Sallie Mae debt because Sallie Mae is for my generation sort of the Voldemort, this cosmic level […]

Freedom! Liberty! And Being For the Little Guy. As Brought to You By the Conservative Movement.

Update appended below. (Second indented quote format also corrected.) —- In the Comments thread to Dan Crawford’s post below titled “Kalamazoo County Michigan…People and Offices to Write to Protest the Stealing of a Home,” I wrote: Dan, you don’t understand. This is freedom, see. I mean, it’s not like it’s the FEDERAL government that’s doing […]