The Trump administration has resumed collecting defaulted federal student loan debts from millions of borrowers, ending the moratorium initiated during the COVID-19 pandemic. This return to collecting payments raises questions about accountability, particularly concerning colleges and universities, which have been criticized for disproportionately burdening students with debt. Education Secretary Linda McMahon highlighted that universities must maintain certain default rates to keep federal funding, emphasizing a lack of transparency in how institutions prepare students for the job market. The move has sparked debate about the implications of student loan forgiveness and its perceived partisan motivations.
In fact, the collections pause and the massive outright forgiveness were plain ol' cash-for-votes: Student-loan recipients tend to be Dems.
Education Secretary Linda McMahon hit another crucial point in her remarks: The modern university, in many cases, is little more than a hedge fund with a four-year spa attached, is the real villain in all this.
For too long, insufficient transparency and accountability structures have allowed US universities to saddle students with enormous debt loads without paying enough attention to whether their own graduates are truly prepared to succeed in the labor market.
The left, spearheaded by President Joe Biden, stayed all-in on a 'forgiveness' jubilee. Their excuse was noise about 'equity,' as if giveaways to college grads weren't the reverse of fairness.
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