Oh, I sure hope this happens: “Every Student Loan is now “Forgiven” thanks to Trump.”
If you suddenly find your loan managed by an agency not named in your contract, not authorized by Congress, and not subject to the same legal compliance regime, guess what?
That’s a breach. A big one.
And in contract law, a breach that goes to the heart of the agreement—like changing the party responsible for enforcement or management—is what courts call a material breach. That means the contract is no longer valid. And if it’s not valid, they can’t enforce it.
It’s a post from someone you read on the internet – don’t stop paying your loans just yet.
“As I said earlier: get your paperwork. Talk to a lawyer. If lawsuits start to emerge, then evaluate whether you want to participate. But that’s a legal process — not a unilateral decision to walk away from a loan just because you read a compelling Substack post.”
RELATED: Trump says Education Department will no longer oversee student loans, ‘special needs’