Biden drops candy, coughs into hand; withhold $7.2M Student Loan Errors 800K Borrowers Forbearance


Biden coughs into his hand a couple times, then goes right back to handing out candy
Biden is visibly confused after Jill, Ed.D., instructs him to stand for a photo
Biden drops the candy after he is startled by a child’s Halloween costume
“What are you going as, Mr. President? What’s your costume?”
BIDEN: ………….
Jill Biden, Ed.D., So I guess you know, I’m our cat, Willow
Biden coughs into his hand a couple times, then goes right back to handing out candy
Biden grabs a taste of a child’s fake ice cream cone

Department of Education Withholds Millions of Dollars to Student Loan Servicer After Billing Statement
‘Errors’ – 800,000 Borrowers Put in Forbearance, Payments Halted

The Biden Admin will get their student loan bailout one way or another. The Department of Education announced on 10/30/2023, it is withholding $7.2 million from a student loan servicer over billing statement errors that affected 800,000 borrowers. The DoE penalized the Missouri Higher Education Loan Authority for mailing out ‘late’ billing statements to 2.5 million borrowers as repayments resumed. 800,000 borrowers were put in forbearance and will not have to make payments until the problem is resolved. “The actions we’ve taken send a strong message to all student loan servicers that we will not allow borrowers to suffer the consequences of gross servicing failures. We are committed to fixing our country’s broken student loan system, and that includes strengthening oversight and accountability and taking every step possible to improve outcomes for borrowers,” Cardona added.

“The Biden-Harris Administration is looking out for borrowers at every step throughout their return to repayment.  Our oversight efforts have uncovered errors from loan servicers that will not be tolerated. We took immediate actions to protect borrowers from the fallout of this error and hold the responsible servicers accountable, including by withholding $7.2 million in payment from one servicer,” Education Secretary Miguel Cardona said.

Joe Biden unilaterally announced a massive forgiveness of student loans in August 2022 to buy the Gen Z-Millennial vote in the 2022 midterms. Biden canceled over $400 billion in student loans which turned out to be up to $10,000 in student debt for borrowers who earn $125,000 a year or less and up to $20,000 for recipients of Pell Grants. The US Supreme Court in July crushed Joe Biden’s student loan bailout program. The Supreme Court ruled 6-3 against Joe Biden’s student loan relief program so the Department of Education rolled out a workaround forbearance program to cancel $39 billion in student loans by counting non-payments as payments for a period of time.

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Biden drops candy, coughs into his hand; withhold $7.2M Student Loan Errors 800K Borrowers Forbearance

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