Student Debt Crisis: Social Security Confiscation, Some Consider Suicide [View all]

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U.S. Stepping Up Enforcement on Delinquent Student Loans

Your rich Uncle Sam is calling in his chips.

The U.S. government stepped up collections on delinquent student debt to $2.9 billion last year -- or an average of $1,000 from 2.9 million former students and their cosigners, according to the Treasury Department. And the trend continues. In the first six months of fiscal 2019, which started Oct. 1, collections totaled $3.3 billion.

<snip>The debt load is causing anguish that goes far beyond financial concerns. One in 15 borrowers has considered suicide due to their school loans, according to a survey of 829 people conducted last month by Student Loan Planner, a debt advisory group.<snip>


Full Article: https://www.bloomberg.com/news/articles/2019-05-12/u-s-stepping-up-enforcement-on-delinquent-student-loans


And more on the topic:

3 million senior citizens in the US are still paying off their student loans

Full Article: https://www.businessinsider.com/americans-over-60-paying-student-loans-2019-5


This is so immoral. We do not need to elect Democrats in 2020, we MUST elect Democrats.