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re: Trump’s plan for student loans is solid
Posted on 5/12/19 at 8:14 am to weagle99
Posted on 5/12/19 at 8:14 am to weagle99
I don't think for-profit schools are inherently evil.
But the truth is that the majority of crippling student debt is concentrated among a very small segment of borrowers: middle-aged students who take out substantial amounts of loans to pay for for-profit/online schools to attempt a career change but who (1) fail to graduate or (2) fail to turn their investment into advanced career prospects.
If the Dept of Ed is willing to agree to back $60-80k in loans to these schools, the schools need to demonstrate they are doing everything possible to ensure students graduate in a good position to advance their career.
But the truth is that the majority of crippling student debt is concentrated among a very small segment of borrowers: middle-aged students who take out substantial amounts of loans to pay for for-profit/online schools to attempt a career change but who (1) fail to graduate or (2) fail to turn their investment into advanced career prospects.
If the Dept of Ed is willing to agree to back $60-80k in loans to these schools, the schools need to demonstrate they are doing everything possible to ensure students graduate in a good position to advance their career.
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