4.4 • 4.3K Ratings
🗓️ 6 May 2025
⏱️ 41 minutes
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0:00.0 | These days, there's a lot of news. |
0:01.8 | It can be hard to keep up with what it means for you, your family, and your community. |
0:06.7 | Consider this from NPR as a podcast that helps you make sense of the news. |
0:11.1 | Six days a week, we bring you a deep dive on a story and provide the context, backstory, and analysis you need to understand our rapidly changing world. |
0:20.4 | Listen to the Consider This Podcast from NPR. |
0:31.2 | Collections resumed Monday for millions of student loan borrowers in default. |
0:35.6 | For the last five years, collections on defaulted loans were paused |
0:38.7 | as part of a 2020 pandemic-era policy. It was extended multiple times under the remainder of Trump's |
0:44.2 | first term and during the Biden administration. The Department of Education is now resumed collection |
0:49.3 | of those loans. Over five million borrowers are in default, meaning their loan is at least 270 days past due. |
0:56.4 | The collection of that debt may mean the government starts dipping into paychecks, tax refunds, |
1:01.3 | and Social Security benefits. The average federal student loan borrower owes over $38,000, |
1:07.5 | according to the Education Data Initiative. And for some borrowers who haven't seen a student |
1:11.8 | loan bills since 2020, the idea of repaying those loans isn't sitting well. I'm just going to put it |
1:17.1 | out there. I have no desire to pay these anymore. I'm done. I can't any of these loans. You know, |
1:23.3 | I don't have any kind of job where they could take it out of my earnings. Let them come fight me. |
1:28.1 | I am done caring about this administration and their non-sent attack on Americans. |
1:33.6 | Student loans were predatory from the beginning. |
1:36.2 | Screw them. |
1:36.9 | I ain't paying no loans anymore. |
1:39.1 | So what happens if you don't pay your student loans? |
1:42.1 | And how can borrowers make sense of the change to student loan |
... |
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