So, like, the Trump Administration is going to start going after people who owe student loans again. Aissa Canchola Bañez, who works at the Student Borrower Protection Center, is not happy about it. She’s all, “This is the worst timing ever for millions of Americans.” Apparently, older borrowers have it the worst when it comes to paying back their loans. Like, almost 40 percent of federal borrowers over 65 are behind on their payments. Can you believe it? These are like, old people living on fixed incomes, man. Not cool.
And get this, if borrowers fall behind, their credit scores can totally tank. That means it’s gonna be even harder for them to get other loans for things like housing. The Education Department is planning to start taking money straight from people’s paychecks this summer. Like, talk about adding insult to injury.
