From a $37 billion profit in 2015 to a $493 billion liability by 2024, Jay unpacks how administrative actions — not just legislation — drove a half-trillion-dollar swing in portfolio value, and what that rollercoaster means for American taxpayers.
He also breaks down the coming waves of student loan defaults, what the collapse of the SAVE plan means for the 8.8 million borrowers currently in forbearance, and why the new Education-Treasury partnership to restart collections may be a critical turning point for the portfolio’s long-term health.