Posted on 12/01/2017 6:43:53 PM PST by Olog-hai
House Republicans are proposing to revamp federal student loan programs by putting caps on how much students and parents can borrow even as they call for simplifying the application process.
The student aid provisions are part of a massive rewrite of higher education legislation introduced by Republican Reps. Virginia Foxx of North Carolina, chair of the House Committee on Education, and Brett Guthrie of Kentucky, chairman of the panel’s higher education subcommittee.
“Unfortunately, today’s chaotic maze of federal aid programs, requirements and red tape has driven up college costs and made pursuing and finishing a postsecondary education unworkable for far too many individuals,” a fact sheet on the bill states.
The legislation aims to help schools better prepare students for careers. “There are 6 million unfilled jobs in this country, and we need to make sure students and prospective students have access to the right education matching the skills they need to get those jobs,” Guthrie said in a statement. […]
The legislation would create a new Federal loan program for undergraduate students with “reasonable annual and aggregate limits” on borrowing. The goal, the bill says, is to ensure “responsible lending.” Repayment would be on a standard 10-year plan or a single income-based option. …
(Excerpt) Read more at hosted.ap.org ...
A cap?
Cue the pearl-clutchers.
Something else conservatives in liberal states can pick up the tab for?
Cut off all aid to non-stem students.
6,000,000? Where? What kind? And the six meellion jobs all need college degrees?
Sorry Guthrie, something about your unspecific statistics stink.
Caps are good. It’s about time the banks were pulled to rein over their predatory loaning. And it’s also time to put an end to professional students who keep redefining their majors, who will never earn enough in their lifetimes to repay their loans and who are, in general, a negative influence on the student body.
Student aid to higher ed is the major way that taxpayers are forced to fund post-modern Progressive madness. We must defund the left and this is a great opportunity to do so. Limit student loans to the average tuition and housing costs for the student’s major. Higher ed will squeal like stuck pigs. Their internal costs are out of control. Student loans are their gravy train.
With tuition out of control either the student does not attend or attends a school with much cheaper tuition.
The libs are focusing on STEM to a great degree. Not an effective one though, but one to the effect that the fine arts (which is not the domain of perverts) suffer. Not to mention, for STEM education to be effective, those careers need to be there at all levels including manufacturing.
Superfluous communistic and socialistic “studies” programs (whole colleges of them) need to be expurgated. Business management degrees need great refinement too (STEM overlaps to more of a degree than people realize). And whence seminaries? (not the corrupted ones)
$1.7 trillion in outstanding student loans that the US taxpayer is on the hook for. And these idiots want to cap loans instead of GTFO of this ponzie scheme.
Spit.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.