By the time I finish this sentence, one new person will have defaulted on their student loans, changing their lives and their financial futures forever. That's because Under the Trump administration, every nine seconds, someone defaults on their student loans. That means defaults are now happening at three times the rate that they were happening before the pandemic. So what does it mean to default on your student loans? (00:11–00:18)
CLAIM
Asserts that student loan defaults occur every nine seconds under the Trump administration.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
