Thread regarding Maximus Inc. layoffs

Get ready for an avalanche of student loan defaults.

Not right away, but it will happen. If you can get other work outside this area, you should do it.

U.S. Department of Education Undersecretary James Kvaal said in a recent court filing that if the government isn’t allowed to provide debt relief for federal student loan borrowers, there could be a “historically large increase in the amount of federal student loan delinquency and defaults as a result of the Covid-19 pandemic.”

https://www.cnbc.com/2023/02/14/supreme-court-gop-attacks-bidens-student-loan-plan.html

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Post ID: @OP+1lcwRybz

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"Gen Z is approaching a ‘student loan cliff’ that could send shockwaves across the American economy"

https://fortune.com/2023/04/04/gen-z-approaching-student-loan-cliff-shock-economy/

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Post ID: @Oluv+1lcwRybz

$674 Billion of the Student Loan Portfolio is unrecoverable.

https://www.highereducationinquirer.org/2023/02/peoples-rally-for-student-debt.html

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Post ID: @1bje+1lcwRybz

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