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Started By
Message
Trump’s plan for student loans is solid
Posted on 5/12/19 at 7:22 am
Posted on 5/12/19 at 7:22 am
Doubt this gets taken up before 2020 simply because Dems won’t want Trump to own this issue, but this would fix many of the underlying problems with high tuition and not being able to pay back loans
LINK
LINK
17
Posted on 5/12/19 at 7:27 am to Lsujacket66
This and the weed act
Man is a genius cause the beta Millennials will not know what to do
Man is a genius cause the beta Millennials will not know what to do
Posted on 5/12/19 at 7:32 am to Lsujacket66
What’s the plan?
Posted on 5/12/19 at 7:33 am to Ancient Astronaut
Hopefully, pay your bills.
Posted on 5/12/19 at 7:41 am to Lsujacket66
Hope they crack down on corrupt book industry. Everybody just accepts that it’s ok to pay hundreds of dollars for a fricking used book.
Posted on 5/12/19 at 7:50 am to Lsujacket66
Why does the government have to do anything?
Nobody is forced to take out loans and go to college.
Nobody is forced to take out loans and go to college.
Posted on 5/12/19 at 7:57 am to Possumslayer
That may be one of the practical results. The proposals focus heavily on making sure that students understand the consequences of taking on loans. They would also support quicker graduation, realign incentives of universities to support job training, and also expand loan access for apprenticeship programs. All of which should increase the repayment rate on loans.
I’ve had several issues with trump through his campaign and presidency, but these types of policies are exactly why I voted for him and will do so again in 2020. There’s broad, bipartisan support for education reform, and this is an outstanding proposal to address many of the underlying issues. Everyone contact your reps and demand they support legislation enacting these changes, because you can be certain the dems in Congress are going to play politics on this so that they can own the issue. This is too important for that bullshite; we need to fix our education system now and these proposals are an outstanding first step!
I’ve had several issues with trump through his campaign and presidency, but these types of policies are exactly why I voted for him and will do so again in 2020. There’s broad, bipartisan support for education reform, and this is an outstanding proposal to address many of the underlying issues. Everyone contact your reps and demand they support legislation enacting these changes, because you can be certain the dems in Congress are going to play politics on this so that they can own the issue. This is too important for that bullshite; we need to fix our education system now and these proposals are an outstanding first step!
Posted on 5/12/19 at 7:59 am to weagle99
Because what they are currently doing is breaking our higher education system. Action needs to be taken to realign incentives and these proposals do so wonderfully. It’s an outstanding proposal; definitely worth checking out. Here’s the direct link: 5 Page Proposal
Posted on 5/12/19 at 7:59 am to Lsujacket66
quote:
The Proposals
“Reorient the Accreditation Process to Focus on Student Outcomes” – Accreditation is supposed to give the public confidence that colleges meets the highest education standards, and is required for a school to qualify for federal aid. However, in 2016 the Accrediting Council for Independent Colleges and Schools continued to accredit Corinthian Colleges even after shady loan practices had been uncovered and right up until their bankruptcy, calling the entire system into question. The White House is looking to make accreditation more meaningful.
“Increase Innovation in the Education Marketplace” – The language for this proposal is not clear, but it sounds like the White House wants to encourage schools to work more closely with the private sector to provide job-specific education.
“Better Align Education to the Needs of Today’s Workforce” – The White House is proposing to improve access to apprenticeship programs and on-the-job training models, including wider access to Pell Grants for students looking at credential, certification, and licensing programs. It would also widen Federal Work Study programs to include more practical off-campus jobs.
“Increase Institutional Accountability” – Schools accepting federal funds would have to share in the burden of unpaid student debt. How it would work is unclear, but the goal is clearly to improve job placement and push students towards careers with higher probability for loan repayment.
“Accelerate Program Completion” – Graduating earlier means lower overall costs, but according to the National Center for Education Statistics only 60% of students complete a bachelor’s degree with six years of attending. The White House is proposing additional adoption of “prior learning assessments,” which take into account prior work, military, and educational experience students may have gained before college and applying academic credit. This way someone with four years of military service could potentially graduate from college earlier, testing out of some required academic credits.
“Support Historically Black Colleges and Universities” (HBCU’s) – The White House proposes that “Congress should make permanent the President’s Board of Advisors on HBCU’s and the Interagency Working Group responsible for improving the capacity of HBCU’s to continually improve the identity, visibility, distinctive capacity, and overall competitiveness of HBCUs.”
“Encourage Responsible Borrowing” – The White house is proposing straight caps on Parent and Grad PLUS loans, limiting the amount that can be borrowed while simultaneously providing additional guidance and required counseling to borrowers.
“Simplify Student Aid” – This would consolidate the five income-driven repayment plans into one, capped at 12.5% of discretionary income, extend student loan forgiveness, and allow the Dept. of Treasury to automatically provide tax data to the Dept. of Education.
“Support Returning Citizens” – The White House is asking Congress to provide financial aid specific to prisoners eligible for release to improve employment rates.
“Give Prospective Students More Meaningful and Useful Information about Schools and Programs” – Currently the data available to students through the Department of Education is at the institution level, such as tuition costs and graduation dates. The White House is looking for more granular data so students can better compare programs across schools.
Posted on 5/12/19 at 8:00 am to funnystuff
quote:
fix our education system
If decades and decades of effort haven’t produced results, perhaps the education system is inherently flawed
Posted on 5/12/19 at 8:02 am to Ancient Astronaut
quote:
What’s the plan?
A lot of focus on student outcomes, mostly trying to prevent exploitive for-profit schools from leeching government funds without actually doing anything for their students.
There's also an iniative to encourage schools to offer credit for prior work experience, military service, etc to speed up degree attainment.
For the "muh trades"/learn to code people, they want to expand Pell grants towards certification and licensing programs.
Posted on 5/12/19 at 8:03 am to weagle99
quote:
If decades and decades of effort haven’t produced results, perhaps the education system is inherently flawed
Perhaps the effort was flawed. Throwing money at problems isn’t a solution and that just what has happened to the educational system.
Posted on 5/12/19 at 8:03 am to funnystuff
quote:
they
Who is they in this discussion?
Why is the federal government involved in higher education at all?
Posted on 5/12/19 at 8:05 am to weagle99
quote:
Why does the government have to do anything? Nobody is forced to take out loans and go to college.
The government is already involved in the loan business. This is what it addresses.
Posted on 5/12/19 at 8:06 am to weagle99
If you mean “inherently” in the sense that decades of bad policies have put crippling pressures on the system, then yes, it is inherently flawed. That’s why trump’s proposals to change those bad policies are so important.
If you mean “inherently” in the sense that education as a market is incapable of producing positive results, then you are very, very wrong. We’ve been getting bad results because we’ve had decades of bad policies. Not because education is a bad thing. We just need to realign the education incentives of individuals with the best interest of society and trump’s proposals look like an excellent first step in that direction.
If you mean “inherently” in the sense that education as a market is incapable of producing positive results, then you are very, very wrong. We’ve been getting bad results because we’ve had decades of bad policies. Not because education is a bad thing. We just need to realign the education incentives of individuals with the best interest of society and trump’s proposals look like an excellent first step in that direction.
This post was edited on 5/12/19 at 8:07 am
Posted on 5/12/19 at 8:06 am to funnystuff
(no message)
This post was edited on 1/19/21 at 2:55 pm
Posted on 5/12/19 at 8:07 am to Muthsera
quote:
for-profit schools
Why is this a bad thing? The profit motive is the purest in our society.
Bonus: Are ‘non-profit’ schools not trying to make more money?
Posted on 5/12/19 at 8:09 am to Lsujacket66
Read it. Don't like it. The two essential measures to reforming student lending:
(1) Get the government out of it.
(2) Allow student loans to be discharged in bankruptcy forcing lenders to vet the school, course of study, and academic qualifications of the borrower.
Both are missing. Things like pandering to historically black colleges is nothing but PC BS.
(1) Get the government out of it.
(2) Allow student loans to be discharged in bankruptcy forcing lenders to vet the school, course of study, and academic qualifications of the borrower.
Both are missing. Things like pandering to historically black colleges is nothing but PC BS.
This post was edited on 5/12/19 at 8:11 am
Posted on 5/12/19 at 8:09 am to tide06
quote:
Kids aren’t getting a value, we are wrecking an entire segment of the economy from the sense of delaying home purchases and having kids while they pay off debt and employers aren’t getting candidates who are prepared for their entry level positions.
This scenario sounds like a group of people making poor choices and then having to deal with the consequences of those choices.
These people aren’t being forced to go to college and build this debt.
Posted on 5/12/19 at 8:12 am to weagle99
The they is the government
And the federal government has a strong case for being involved in higher education because an individual choosing to obtain an education includes a positive externality on broader society. As such, the market left to its own device will undersupply the good.
And the federal government has a strong case for being involved in higher education because an individual choosing to obtain an education includes a positive externality on broader society. As such, the market left to its own device will undersupply the good.
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