To take us back to that moment of the throes of the student debt crisis, in 2019, a student loan borrower defaulted on their student loans every 30 seconds.

A million people defaulted during their student loans in 2019 and every year until we pause student loans.

And so that's exactly what we're about to go back into, which was sort of like

2019 version. And it's going to be really bad. And they're saying they don't want a Department

of Education. I'm not exactly sure what that means. I can guess that it means privatizing

things and increasing profit to things. At the least, what the Trump administration,

his Department of Education,

is going to look like, which will probably even crazier than his first administration,

will be the first four years of his administration, which was disastrous, which meant that borrowers couldn't get in touch with the Department of Education. They were having all these

types of punitive

punishments, some of which they're experiencing now under the Biden administration since he has

resented loan payments. People are going to be in really bad situations. We have to have

conversations about what it means to go on strike or to use creative ways to have your fine

loans being paused or to engage in different types of

civil disobedience. You know, we can have that conversation. But for a lot of student loan borrowers,

it means we're going to be in a really bad position. And we should be sober about that.

So what is happening to the folks, the folks who defaulted in 2017 or 2019 right up until the student debt moratorium?

What are the implications of those defaults?

What does that look like?

Yeah, you default on your loans.

For some reason, you get like capitalized interests, which I don't know who came up with this.

Maybe I'm sure someone's listening does.

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