Washington The Trump administration is retaining the consulting firm McKinsey to assess the federal student loan portfolio as the government weighs selling off some of the debt to private investors, The Wall Street Journal reported Wednesday.
A sale is just one of several options the White House is considering to address potential losses on student debt, the paper reported, citing administration officials familiar with the matter. As the price of college has surged, the federal student loan program has grown to nearly $1.5 trillion. Outstanding student loans now top both credit card and mortgage debt -- raising concerns about whether the Department of Education has the capacity to handle such a large loan portfolio.
Gee, who would buy debt that is protected from bankruptcy? First stop the madness and get the government out of the student loan business completely.
Student debt sold to lowest bidder in Ponzi scheme
The Education Department needs a third party to verify and interpret portfolio performance. Why are presidential candidates rushing to write off student debt if the current government hasn’t reached the same conclusion on its own?
THE McKinsey that identified Saudi critics that MBS later targeted for punishment? THE McKinsey that hired relatives of Saudi high officials? THE McKinsey that contracted with Enforcement and Removal Operations of ICE? THE McKinsey involved with South African corruption?
Following McKinsey recommendations that one pays for out the nose and other appendages tends to result in unexpected stints in rehab. But the suits and cocktailed focus groups are splendid. Betsy wont know what hit her.
Hey folks - don’t let Trump get away with this - get rid of this bad guy now while we still can. He is a super-conservative dictator in training. Don’t let the bad guys win. Cherish our freedom. It’s unique in this world. Freedom forever.
The puppeteers are the Profit teers & that's all she sees in today America Children (Your Children) we as Americans pay double in taxes & just trying to send our children to school & she never mentions ANY KIND OF SAFETY...Jail Betsy DeVos that will stop the cost
Screwing the students and enriching trump cronies
Donald's sending student debt to the collectors.
The only corruption in SCHOOLS is BetsyDeVosED until SHE is in Prison will the Children survive,she did the same in Michigan & even worse on a National Scale,she is for Profit-a-cation her Bible & nothing else Amway Politics WhiteHouse Education
The orange man administration is retaining the consulting firm McKinsey to assess the federal student loan portfolio as the justice league weighs selling off some of the debt to private investors, The Wall Street Journal reports
High default rates will occur if this happens. Tax payers will foot the bill, private investors will be bailed out!
Gov could only sell it at a loss/discount The interest rate would go up
All I can figure is that by selling off some of this debt it will benefit Ditzy DeVos, Trump, and their greedy friends and if the students get screwed by all of this so be it.
I ber Biden and Kamala Harris thinks it's a great idea
realDonaldTrump and BetsyDeVosED are lining their friends’ pockets. The goal: make as much money as you can on the backs of hardworking Americans and then get outta there. Open your eyes people!
Here comes the next bubble!
Interesting. Rich getting richer.
Here comes the payoff. Screw the loan holders and the taxpayers. Reward Republican donors.
this week in “how much more evil can we be?”