Just call it the Marxist Professor Full Employment Act. This does nothing but pump billions of taxpayer dollars into phoney, at best, destructive, at worst, college degrees that add nothing to the functioning of society.
10% of discretionary income. What a laugh (or cry!). They know perfectly well this will be gamed to produce no loan repayment. Barney Frank must have thought this one up.
I wonder if you would get approved if you wanted the loan for Hillsdale College?