Student Debt Crisis Worsens: Florida Board of Health Suspends Licenses Over Defaults
The Florida Board of Health has suspended thousands of healthcare licenses over defaults on student loans many used to earn their licenses. But many are concerned the new crackdown may only worsen the student loan crisis.
The revocation of licenses came after the student loan industry lobbied the government to enact punishments for those who can’t or won’t repay the money they borrowed. According to ABC Action News, only Florida is enforcing this law as of right now. The state also has the power to garnish up to 100% of a worker’s wages until the loan is repaid and the license is reinstated. Under Florida law, once the state suspends a license for student loan default, the only way to get it back is to pay a fine equal to 10 percent of the balance, plus other costs.
Investigative Reporter Adam Walser uncovered the state’s Board of Health suspended more than 900 health care licenses – including professional certifications for registered nurses, Certified Nursing Assistants, pharmacists, and opticians – in the just the past two years alone.
The I-Team found 12 other states (Alaska, Arkansas, California, Georgia, Hawaii, Iowa, Kentucky, Massachusetts, Minnesota, Mississippi, Tennessee, and Texas) still have the power to take away health care licenses for unpaid student loans, but officials in those states told ABC Action News they have not suspended any licenses over loan defaults in the past two years. –ABC Action News
Tampa student loan attorney Christie Arkovich says Florida’s law goes too far. “We’re not saying that people shouldn’t repay their loan,” said Arkovich. “We’re just saying that getting them fired probably isn’t the best way to go about that.” And anyone with a basic understanding of economics could comprehend this. If they aren’t paying their loans while they have an income, what makes anyone think they’ll start paying the loans once they have no income?
“You take their license, you take their way of working, how are you going to get your lump sum?” said registered nurse Andrea Chandler. “How are you going to get your payment? You’re already not getting your payment.”
Dr. Gabriel Picone, an economics professor at the University of South Florida, said the decision to suspend licenses for nonpayment of student loans puts a strain on both employers and patients. Health care workers are already in short supply and those who lose their licenses will likely go from earning paychecks to depending on taxpayer-funded welfare. “It’s trying to take too much away,” Picone said. “This person may end up on Medicaid, receive food stamps. All this is more money that we will have to pay.”
Death Knell of Debt: “99.8% Data Manipulated to Cover-up” Insane Levels of Student Loans
The United States Department of Education estimates more than 10 percent of student loan borrowers are in default. The federal government estimates Americans owe $1.2 trillion in student debt. That figure is now larger than all outstanding U.S. credit card and vehicle debt combined.
Florida law requires 45-days written notice before the state can suspend any licenses because of a default on student loan debt. Experts say if you get one of these notices, you should immediately contact your lender to try to negotiate a repayment plan.
This article has been contributed by SHTF Plan. Visit www.SHTFplan.com for alternative news, commentary and preparedness info.
Source: http://www.shtfplan.com/headline-news/student-debt-crisis-worsens-florida-board-of-health-suspends-licenses-over-defaults_01152019
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).
Communism in full force, I bet almost no one saw this coming.
A debt you can’t file bankruptcy on makes you a serf. Welcome to your serfdom.
America was once a great country, I’m glad I got to live in it, because the country I live in now is nothing like the one I grew up in.
This university system we have is nothing more than a scam. PERIOD! At UMASS there is a chancellor, not a department head not a president and certainly one of many. His name is “Kimble Subaswami” (how can you forget that?). His salary is $483,620 for doing essentially nothing for a job. Look it up. THAT IS WHY OUR KIDS ARE IN DEBT….