Trump 47

[JTOSU]

View attachment 11713

This graph is not showing what the person says. Assuming the graph is accurate, the graph shows loan rejection rates skyrocketing upward since 2022.
But the big thing is the new administration did not stop loan deferrals until this month (May 2025)…and the last data point in the graph was February.

 

[Polds4OSU]

This graph is not showing what the person says. Assuming the graph is accurate, the graph shows loan rejection rates skyrocketing upward since 2022.
But the big thing is the new administration did not stop loan deferrals until this month (May 2025)…and the last data point in the graph was February.

All stories created since the Trump admin started student loan reporting delinquency against credit scores..which they restarted this month

Millions of student loan borrowers head to collections as delinquency rates soar over 20%
Link

Millions of student loan borrowers head to collections as delinquency rates soar over 20%

Some borrowers will have wages and benefits garnished, putting even more strain on an already unstable economy.

fortune.com

Link

https://www.washingtonpost.com/business/2025/05/25/credit-score-student-loan-elinquency-debt/

Borrower Credit Scores Plunge Following Student Loan Delinquencies

Link

Borrower Credit Scores Plunge Following Student Loan Delinquencies | PYMNTS.com

Millions of borrowers have reportedly seen their credit scores plummet because of delinquent student loans. Credit scores fell by more than 100 points for

www.pymnts.com

 

[Stillwaterman]

All stories created since the Trump admin started student loan reporting delinquency against credit scores..which they restarted this month

Millions of student loan borrowers head to collections as delinquency rates soar over 20%
Link

Millions of student loan borrowers head to collections as delinquency rates soar over 20%

Some borrowers will have wages and benefits garnished, putting even more strain on an already unstable economy.

fortune.com

View attachment 11715

Link

https://www.washingtonpost.com/business/2025/05/25/credit-score-student-loan-elinquency-debt/

Borrower Credit Scores Plunge Following Student Loan Delinquencies

Link

Borrower Credit Scores Plunge Following Student Loan Delinquencies | PYMNTS.com

Millions of borrowers have reportedly seen their credit scores plummet because of delinquent student loans. Credit scores fell by more than 100 points for

www.pymnts.com

Not only did the taxpayers eat the interest, it allowed people to set themselves up in poor positions. Any soft-landing policy would have prolonged the pain. This was always going to end poorly.

 

[Polds4OSU]

Not only did the taxpayers eat the interest, it allowed people to set themselves up in poor positions. Any soft-landing policy would have prolonged the pain. This was always going to end poorly.

So which parts of this need to be removed to fix it? and which is the Issue? Deferment or Forbearance ?



Deferment (The Part in White is what the Trump Admin Removed AND the ONLY change they have made)

How long does deferment last? That depends upon the reason for the postponement:

• Student status: The deferment is in effect while you are enrolled at least halftime.
• Continuing education: The deferment is in effect throughout your education.
• If you are Unemployed: You can get a deferment that lasts six months. You Can/ ust apply for extensions every 6 months, and there's a three-year limit.
• Proven Economic hardship that prevent Repayment: Each deferment lasts one year with a three-year maximum.
• Active military service: There's a three-year maximum, but it may end sooner if your service ends

If you have any past-due payments, the delinquent part of your loan -- the part that hasn't been paid -- may not be eligible for deferment; it depends upon your lender. You may be able to forbear the outstanding share

During the deferment, if you have an unsubsidized loan, you will be responsible for the interest that continues to accrue. Some borrowers choose to pay just this interest, because any left unpaid is added to your balance due (capitalized) after the deferment. The deferment itself should not negatively affect your credit score, because you are not refusing to pay, and you've gone through the appropriate channels.



Forbearance

How long will forbearance last? Like deferment, that depends upon the reason, and, if you need an extension, you must re-apply:

• Financial hardship (also called general forbearance): Lasts for one year; may reapply if needed.
• Loan burden: Lasts for one year; may reapply if needed, but forbearance cannot exceed three years.
• Internship/residency: Lasts for one year; may reapply if needed.
• AmeriCorps: Application is for term of service, not to exceed three years.
• Teacher Forgiveness Program: If you are a participant in this program, you can forbear your loan. You have a service commitment for five years, and you must apply for a forbearance each year.

Unlike some deferments, you definitely will be responsible for interest that accrues during forbearance, and you might want to consider paying the interest instead of letting it accumulate. Any unpaid interest is added to the principal, increasing the total amount you will owe. In any case, your credit rating should not be negatively impacted, because it's just a postponement, not a default on payments

 

[cowboyinexile]

So which parts of this need to be removed to fix it? and which is the Issue? Deferment or Forbearance ?



Deferment (The Part in White is what the Trump Admin Removed AND the ONLY change they have made)

How long does deferment last? That depends upon the reason for the postponement:

• Student status: The deferment is in effect while you are enrolled at least halftime.
• Continuing education: The deferment is in effect throughout your education.
• If you are Unemployed: You can get a deferment that lasts six months. You Can/ ust apply for extensions every 6 months, and there's a three-year limit.
• Proven Economic hardship that prevent Repayment: Each deferment lasts one year with a three-year maximum.
• Active military service: There's a three-year maximum, but it may end sooner if your service ends

If you have any past-due payments, the delinquent part of your loan -- the part that hasn't been paid -- may not be eligible for deferment; it depends upon your lender. You may be able to forbear the outstanding share

During the deferment, if you have an unsubsidized loan, you will be responsible for the interest that continues to accrue. Some borrowers choose to pay just this interest, because any left unpaid is added to your balance due (capitalized) after the deferment. The deferment itself should not negatively affect your credit score, because you are not refusing to pay, and you've gone through the appropriate channels.



Forbearance

How long will forbearance last? Like deferment, that depends upon the reason, and, if you need an extension, you must re-apply:

• Financial hardship (also called general forbearance): Lasts for one year; may reapply if needed.
• Loan burden: Lasts for one year; may reapply if needed, but forbearance cannot exceed three years.
• Internship/residency: Lasts for one year; may reapply if needed.
• AmeriCorps: Application is for term of service, not to exceed three years.
• Teacher Forgiveness Program: If you are a participant in this program, you can forbear your loan. You have a service commitment for five years, and you must apply for a forbearance each year.

Unlike some deferments, you definitely will be responsible for interest that accrues during forbearance, and you might want to consider paying the interest instead of letting it accumulate. Any unpaid interest is added to the principal, increasing the total amount you will owe. In any case, your credit rating should not be negatively impacted, because it's just a postponement, not a default on payments

Student loan companies love forbearance. Back when I had to deal with them it seemed like they preferred you go into forbearance versus paying them off because of the compounding interest.

I know the student loan forgiveness was debated hotly but anything that screws those sharks over Im all for. Its a terrible predatory industry

 

[Polds4OSU]

Student loan companies love forbearance. Back when I had to deal with them it seemed like they preferred you go into forbearance versus paying them off because of the compounding interest.

I know the student loan forgiveness was debated hotly but anything that screws those sharks over Im all for. Its a terrible predatory industry

So for u it's the predatory Industry that developed around student loans responsible for this issue and not the 1993 Student Loan Reomform Act........so not a Govt created issue, but unregulated secondary market created around the Law changes done in 1993

 

[cowboyinexile]

So for u it's the predatory Industry that developed around student loans responsible for this issue and not the 1993 Student Loan Reomform Act........so not a Govt created issue, but unregulated secondary market created around the Law changes done in 1993

Sure. I just know Navient is the devil.

 

[Stillwaterman]

So which parts of this need to be removed to fix it? and which is the Issue? Deferment or Forbearance ?



Deferment (The Part in White is what the Trump Admin Removed AND the ONLY change they have made)

How long does deferment last? That depends upon the reason for the postponement:

• Student status: The deferment is in effect while you are enrolled at least halftime.
• Continuing education: The deferment is in effect throughout your education.
• If you are Unemployed: You can get a deferment that lasts six months. You Can/ ust apply for extensions every 6 months, and there's a three-year limit.
• Proven Economic hardship that prevent Repayment: Each deferment lasts one year with a three-year maximum.
• Active military service: There's a three-year maximum, but it may end sooner if your service ends

If you have any past-due payments, the delinquent part of your loan -- the part that hasn't been paid -- may not be eligible for deferment; it depends upon your lender. You may be able to forbear the outstanding share

During the deferment, if you have an unsubsidized loan, you will be responsible for the interest that continues to accrue. Some borrowers choose to pay just this interest, because any left unpaid is added to your balance due (capitalized) after the deferment. The deferment itself should not negatively affect your credit score, because you are not refusing to pay, and you've gone through the appropriate channels.



Forbearance

How long will forbearance last? Like deferment, that depends upon the reason, and, if you need an extension, you must re-apply:

• Financial hardship (also called general forbearance): Lasts for one year; may reapply if needed.
• Loan burden: Lasts for one year; may reapply if needed, but forbearance cannot exceed three years.
• Internship/residency: Lasts for one year; may reapply if needed.
• AmeriCorps: Application is for term of service, not to exceed three years.
• Teacher Forgiveness Program: If you are a participant in this program, you can forbear your loan. You have a service commitment for five years, and you must apply for a forbearance each year.

Unlike some deferments, you definitely will be responsible for interest that accrues during forbearance, and you might want to consider paying the interest instead of letting it accumulate. Any unpaid interest is added to the principal, increasing the total amount you will owe. In any case, your credit rating should not be negatively impacted, because it's just a postponement, not a default on payments

These have been the standards for as long as I can remember. And as I understand it the 5 yearlong deferment was for Federal Loans only (which is the bulk of student loans). I personally believe the solution is to create a system that reduces/eliminates interest if paid on time. Of course, that would only be Federal as the private loans won't do that obviously.

But a five-year deferment was ridiculous. Anyone who sees the negative impact at the end of the deferment and calls out the ending of such a ridiculous policy isn't being real. It's the ridiculous policy itself that has netted this result. The reality is the previous admin was just kicking the can until he could cancel the loans. The last part of the plan failed by the way of the highest court in the land.

 

[Polds4OSU]

These have been the standards for as long as I can remember. And as I understand it the 5 yearlong deferment was for Federal Loans only (which is the bulk of student loans). I personally believe the solution is to create a system that reduces/eliminates interest if paid on time. Of course, that would only be Federal as the private loans won't do that obviously.

But a five-year deferment was ridiculous. Anyone who sees the negative impact at the end of the deferment and calls out the ending of such a ridiculous policy isn't being real. It's the ridiculous policy itself that has netted this result. The reality is the previous admin was just kicking the can until he could cancel the loans. The last part of the plan failed by the way of the highest court in the land.

So Trump pulls the Credit Reporting caveat and Millions of Bowers get their Credit Score trashed.....

That is ALL the Trump admin did.

So what the Trump admin did. Do you agree with it? Will that Fix the issue or make it worse?

Only Teachers has a 5 year Deferment option, Everyone else was 3 years or less.

 

[Stillwaterman]

So Trump pulls the Credit Reporting caveat and Millions of Bowers get their Credit Score trashed.....

That is ALL the Trump admin did.

So what the Trump admin did. Do you agree with it? Will that Fix the issue or make it worse?

Only Teachers has a 5 year Deferment option, Everyone else was 3 years or less.

Ok, my bad, Hell I thought they just started mandatory payments......It was a Three Year Deferment. Still bad... and Yes, there are no Suprise of the default numbers and that the problem just seems to get worse.

At the end of the day, collections and credit scores are part of it..... this is not an added caveat after the fact, it was always part of the deal. There was 18+ months of leeway given between mandatory payments and collections/credit reporting.

 

[Polds4OSU]

Ok, my bad, Hell I thought they just started mandatory payments......It was a Three Year Deferment. Still bad... and Yes, there are no Suprise of the default numbers and that the problem just seems to get worse.

At the end of the day, collections and credit scores are part of it.

its a law passed by Congress. Trump just can't waive his hand and make it go away, so Yes It is still law.

Here is what happened. And if you have been surprised by ANY of this, I suggest you get a New information gathering point.

When COVID hit in 2020, UNDER THE TRUMP ADMIN in MARCH 2020 the TRUMP Dept of Education made the decision that people who had Exhausted all of their Forbearance and Deferred payment options on student loans and who were facing collections the TRUMP admin Dept of Education STOPPED sending those who had Defaulted to Collections.

By 2023 CONGRESS mandated that students in DEFAULT either start Monthly Payments with a plan to catch up OR Pay up in Full OR be sent to Collections.

So the Trump Admin initiated the Issue that is causing the Problem today and the Trump Dept of Education was the one who stopped the collection process on DEFAULTED loans (already exhausted all the forbearance and deferment options allowed by LAW)

The Biden Admin decided to NOT restart the Payment / Collection Process in Oct 2023 and kept the Trump Admin COVID policy in place and extended the Problem The Trump Admin had Started by keeping the Trump Admin Collection pause in Place....


So While this Collection Pause was in Place. Biden offered the following

Student loan forgiveness?​

Biden’s plan calls for up to $20,000 in debt cancellation for borrowers who are recipients of Pell Grants, which according to the Education Department is a federal grant that is awarded to undergraduate students with “exceptional financial need,” and have an annual income of under $125,000 for individuals or under $250,000 for families filing jointly.

The plan also calls for $10,000 of loan forgiveness for all other federal borrowers, with the same income limits for individuals and families.

If you were claimed as a dependent on taxes, eligibility will be based on the income of the person claiming the dependent.

The administration said if all eligible borrowers claim their relief, the move will provide relief for up to 43 millions borrowers, including canceling “the full remaining balance for roughly 20 million borrowers.”

The White House also said it estimates that among borrowers who are no longer in school, nearly 90% of the relief will go to those earning less than $75,000 a year.


However, The Trump Admin Dept of Education has now Removed the Policy the FIRST TRUMP admin put in place to stop sending Student Loans in Default to collections and have started sending them to collections again as of May 5th 2025

U.S. Department of Education to Begin Federal Student Loan Collections, Other Actions to Help Borrowers Get Back into Repayment​

Collections to Restart May 5th, Struggling Borrowers Urged to Act Now
April 21, 2025
The U.S. Department of Education today announced its Office of Federal Student Aid (FSA) will resume collections of its defaulted federal student loan portfolio on Monday, May 5th. The Department has not collected on defaulted loans since March 2020. Resuming collections protects taxpayers from shouldering the cost of federal student loans that borrowers willingly undertook to finance their postsecondary education. This initiative will be paired with a comprehensive communications and outreach campaign to ensure borrowers understand how to return to repayment or get out of default.

While Congress mandated that student and parent borrowers begin to repay their student loans in October 2023, the Biden-Harris Administration refused to lift the collections pause and kept borrowers in a confusing limbo.

U.S. Department of Education to Begin Federal Student Loan Collections, Other Actions to Help Borrowers Get Back into Repayment

The U.S. Department of Education announced its Office of Federal Student Aid (FSA) will resume collections of its defaulted federal student loan portfolio on Monday, May 5th. The Department has not collected on defaulted loans since March 2020.

www.ed.gov

 

[Polds4OSU]

At the end of the day, collections and credit scores are part of it..... this is not an added caveat after the fact, it was always part of the deal. There was 18+ months of leeway given between mandatory payments and collections/credit reporting.

Nope, 2020 COVID, Trump Admin suspended reporting all collections / credit reporting creating a weird caveat that had not existed as part of the law or the past process.

 

[Stillwaterman]

Nope, 2020 COVID, Trump Admin suspended reporting all collections / credit reporting creating a weird caveat that had not existed as part of the law or the past process.

Yeah, temporarily. That was a pandemic period ruling never intended to last the 5 years it did. I don't know how many times Biden extended the deferment (it was several) but one extension was too many. People were back to work summer of 2021 and it lasted another two years. Than once congress called for payments to start again... Biden removed all teeth.

"While Congress mandated that student and parent borrowers begin to repay their student loans in October 2023, the Biden-Harris Administration refused to lift the collections pause and kept borrowers in a confusing limbo."

And thus, once the inevitable occurs (this was never going to not happen), we now have an issue.

 

[Polds4OSU]

REPORTER: When could the administration resume interviews for foreign students visa?

TRUMP: On what?

REPORTER: Foreign student visas

TRUMP: For the French?

REPORTER: All the foreign students

TRUMP: What are you referring-- foreign visas for what?

Aaron Rupar (@aaron.rupar) on Threads

REPORTER: When could the administration resume interviews for foreign students visa? TRUMP: On what? REPORTER: Foreign student visas TRUMP: For the French? REPORTER: All the foreign students TRUMP: What are you referring-- foreign visas for what?

www.threads.com

 

[Polds4OSU]

BREAKING: The Trump administration is now restricting visas of foreign officials they say have censored Americans

MSNBC (@msnbc) on Threads

BREAKING: The Trump administration is now restricting visas of foreign officials they say have censored Americans

www.threads.com

 

[Polds4OSU]

Freedom of speech

Kayleigh McEnany called for CBS' Scott Pelley to be arrested following his commencement speech at Wake Forest.

Media Matters (@mediamattersforamerica) on Threads

Kayleigh McEnany called for CBS' Scott Pelley to be arrested following his commencement speech at Wake Forest.

www.threads.com

 

[Polds4OSU]

Trump: "Harvard wants to fight. They want to show how smart they are. And they're getting their ass kicked."

Aaron Rupar (@aaron.rupar) on Threads

Trump: "Harvard wants to fight. They want to show how smart they are. And they're getting their ass kicked."

www.threads.com

 

[Polds4OSU]

Ultra Conservative National Review Condemns Trump for Acting Like a ‘King’
link

MSN

 

[milehighpoke]

@Donnyboy you must be freaking out over the Big Beautiful Bill (dumbest name in the history of anything, btw). It's proposed to add trillions to the deficit in less than 10 years. One of your biggest gripes on here (along with Bidens mental fitness) is how the US govt. spends too much and the deficit is going to be our downfall. I would have expected to see pages of you bashing it...?

 

[Polds4OSU]

Yeah, temporarily. That was a pandemic period ruling never intended to last the 5 years it did. I don't know how many times Biden extended the deferment (it was several) but one extension was too many. People were back to work summer of 2021 and it lasted another two years. Than once congress called for payments to start again... Biden removed all teeth.

"While Congress mandated that student and parent borrowers begin to repay their student loans in October 2023, the Biden-Harris Administration refused to lift the collections pause and kept borrowers in a confusing limbo."

And thus, once the inevitable occurs (this was never going to not happen), we now have an issue.

and the law that led to the situation remains...unchanged and still going. So is ANYONE trying to ACTUALLY solve the problem? seems like a Big NO to me