UPDATE to the Garrison post above.

After Garrison filed suit, the White House announced that every borrower would have the option to opt out. Then, on Wednesday, the Justice Department confirmed in a filing that “any borrower who qualifies for automatic debt relief - relief without filing an application - will be given an opportunity to opt out.” The Department of Education confirmed this option online.

Here's the best part...

The Justice Department informed Garrison’s lawyers that he did not even need to opt out. “Upon receiving this lawsuit and reviewing Plaintiff’s filings,” the agency wrote, “the Department has already taken steps to effectuate Plaintiff’s clearly stated desire to opt out of the program and not receive $20,000 in automatic cancellation of his federal student loan.

What an idiot Garrison is! smile

The federal government holds this student loan debt. In the end, the federal government will decide what to do with it.

Contrarian, extraordinaire