Trump Vows To End ‘Student Loans Scam’

[theunbrainwashed]

Originally Posted by Mircea

Part of the "scam" is lending to unqualified students who aren't prepared for university, and also for unnecessary degree fields.

Guaranteed Student Loans should be reserved for STEM degrees and those with SAT scores greater than 2100.

You basically told a pretty good chunk of the Trump voter base in Appalachia and the Rust Belt to go screw themselves. Which is the reason why Trump was elected. They are desperate, they have no direction, and they're tossing their idle energy into the wind of whatever political ideology sounds good to them....At the time. Whether it's Libertarianism that is most definitely against their own interests, or Trumpism which is just cultural populism that says your lives will be better because you don't have to be politically correct anymore. What are they gonna do when Trump DOESN'T deliver, because he won't?

[pknopp]

Originally Posted by theunbrainwashed

You basically told a pretty good chunk of the Trump voter base in Appalachia and the Rust Belt to go screw themselves.

Are you proud of your biases here?

[Troyfan]

Originally Posted by Dequindre

That could easily be folded into the ACA replacement plan.

However, I do think this student loan plan would gain bi-partisan support.

If Trump said the sun rose in the East the Democrats would say it rose in the West. There will be no bi-partisanship for the next 8 years.

I read an article where a Harvard graduate theater program was flagged for student loan fraud (along with a lot of the private programs). It loaned money which graduating students would never be able to repay.

Apparently the Obama administration developed some measure of income of graduates from different colleges, department, colleges, etc. and compared them to average or median loans graduates took out. If one divided by the other didn't meet a threshold, the program was flagged.

I think this is a great idea. HS kids should have some objective measure of what they can expect to get to compare with what they will have to pay. Typically they get self-serving blather about becoming informed, creative, art appreciators, etc. instead of sound information.

Also, Trump wants to hold colleges accountable somehow: If you loan the money, you assume some of the risk of non-payment. That's the way it is with other unsecured loans.

[GABESTA535]

This hasn't been touched since January but we finally have an update. https://www.washingtonpost.com/news/...=.8c1ad737eb62

"President Trump’s administration has revoked federal guidance that barred student debt collectors from charging high fees on past-due loans."

Seems like many of his other populist promises, this one too has gone out the window as he has moved from campaigning to governing.

[Metsfan53]

Originally Posted by GABESTA535

This hasn't been touched since January but we finally have an update. https://www.washingtonpost.com/news/...=.8c1ad737eb62

"President Trump’s administration has revoked federal guidance that barred student debt collectors from charging high fees on past-due loans."

Seems like many of his other populist promises, this one too has gone out the window as he has moved from campaigning to governing.

color me shocked!!

[krichton]

trump is right about one thing for once, at least in calling student loans exactly what they are.

[HockeyMac18]

Originally Posted by GABESTA535

This hasn't been touched since January but we finally have an update. https://www.washingtonpost.com/news/...=.8c1ad737eb62

"President Trump’s administration has revoked federal guidance that barred student debt collectors from charging high fees on past-due loans."

Seems like many of his other populist promises, this one too has gone out the window as he has moved from campaigning to governing.

Expected.