[BREAKING] @AFTunion @theSBPC have accused student loan giant @MOHELA of illegal student loan servicing, demanding the company end its scheme to block Biden's effort to #CancelStudentDebt.

We should #cancelMOHELA instead.

https://twitter.com/theSBPC/status/1579865646367903744

Today's action comes 24 hours before right-wing Missouri @AGEricSchmitt heads to federal court on behalf of @MOHELA, asking a judge to halt debt cancellation for 40M Americans.

The injury MOHELA allegedly suffered?

"Imminent loss of revenue" because millions are debt-free.

Six Republican state AGs sued to block Biden from canceling student debt.

They claim "standing" because their states-- SC, KS, IA, NE, AR, MO -- own old federal loans or back state-chartered student loan companies.

How is this possible?

A deeply disturbing 🧵 (with zombies)

https://twitter.com/theSBPC/status/1575668876335280128

For as long as I've been in DC, companies like Missouri's student loan company @MOHELA and their lobbyists at @ncher_us @EFCTweets @SLSAorg fought tooth & nail to keep people trapped in debt and shield industry from justice.

Why do they have power? Why do they exist at all?

This amazing @aarthiswami piece digs deep into a predatory lending scheme run by @LifeAtPurdue & some mysterious bankers. 👇

It's been a big few days of back-to-back scandals in the #studentloan market, but this one deserves special attention.

Here's why.

🧵

https://twitter.com/YahooFinance/status/1510283062881525772

Mounting evidence shows that Purdue's attention-loving president @purduemitch- former Republican governor & party hack- sold out students to pursue a right-wing fever dream.

Unfortunately for Mitch, @LifeAtPurdue broke a bunch of laws on the way. Now the walls are closing in.