I can imagine that their focus groups developed the potential of this as a policy position in terms of millennial voters, but they may have failed to consider its implication for fiscal conservatives. A federally guaranteed student loan, once disbursed, can be viewed as a zero sum game. If the borrower doesn’t pay it back, the taxpayer does. Many student loans are paid back within 15 years, but a lot aren’t. If Junior went to Brown and paid full boat, took 5 years to graduate and then maybe lingered to earn additional degrees, you can be looking at $200K+ easily. If he does not apply himself, or chooses a low income trajectory in public service, there can be a lot of principal balance left a the end of 15 years for the federal taxpayer to shoulder. I realize that Trump may be concerned about Hillary’s pandering to millennials, but the answer is not to try and out pander her. This is a good example of where Trump’s lack of deep conservative principles are showing, and I think it nets him nothing in terms of votes.
Trump’s a negotiator.
Hopefully, this is just a tactic and he can start with this as a basis for talking about the student loan crisis. We all know what is causing the crisis (cough government), so getting the government out of student loans may be his bottom line. Hopefully.
Best student loan program (actually not a loan) was the G.I. Bill.
We no longer have a draft. We no longer require service to one’s country.
And we wonder why there are so many who struggle to pay for college while the level of immaturity is off the charts.