CAL THOMAS COMMENTARY APRIL 24, 2025
THE TRUMP ADMINISTRATION IS SUSPENDING THE SUSPENSION OF STUDENT LOAN PAYMENTS. YOU MAY RECALL THAT PRESIDENT BIDEN TRIED FORGIVING STUDENT LOAN DEBT EVEN THOUGH THE SUPREME COURT RULED HE COULD NOT DO IT. REMEMBER THAT WHEN YOU HEAR ALLEGATIONS BY THE LEFT THAT PRESIDENT TRUMP IS DEFYING SUPREME COURT RULINGS.
I HAD A STUDENT LOAN AND I PAID IT BACK. I PROMISED THE BANK I WOULD. GRANTED IT WAS A RELATIVELY SMALL AMOUNT COMPARED TO TODAY’S OUTRAGEOUS COLLEGE COSTS, BUT BACK THEN ONE’S CREDIT WAS LINKED TO ONE’S INTEGRITY, NOT TO MENTION YOUR CREDIT RATING.
WE HAVE BEEN GRIPPED BY THE NOTION OF ENTITLEMENT? EVEN THOUGH SOME RACK UP HUGE DEBT THEY EXPECT TO BE ALLOWED TO ESCAPE PAYING IT BACK.
THERE IS TOO MUCH FEDERAL MONEY IN HIGHER EDUCATION AND THAT’S A MAJOR REASON COSTS HAVE GONE UP SO MUCH. MANY UNIVERSITIES HAVE LARGE ENDOWMENTS THAT PAY NO TAXES AND STILL DEMAND FEDERAL MONEY. TALK ABOUT UNFAIRNESS.
THE EDUCATION DEPARTMENT WILL NOW START COLLECTING LOAN PAYMENTS. IF PEOPLE DON’T PAY, THE THREAT OF WAGE GARNISHMENT AND OTHER PENALTIES WILL BE IMPOSED. MAYBE THESE FORMER STUDENTS WILL NOW LEARN SOMETHING THAT IS IMPORTANT. I’M CAL THOMAS.
