Posted on 03/19/2019 5:28:19 AM PDT by reaganaut1
WASHINGTON—The White House is calling on Congress to cap how much graduate students and parents of undergraduates can borrow in federal student loans, a proposal it said is aimed at curbing rising college costs.
White House officials publicized the proposal as part of a broader set of ideas it is urging Congress to adopt as lawmakers undertake a rewrite of the Higher Education Act, a 1965 law that governs student loans. The law hasn’t been reauthorized since 2008, and Democrats and Republicans agree it is due for an overhaul given the growth of online and other nontraditional degree programs.
The package of proposals, the White House’s first official statement on higher-education policy since President Trump’s election, focuses primarily on the cost of college and workforce training.
“Unfortunately, many colleges and universities have not been providing Americans the education they need to succeed in a cost-effective manner,” White House press secretary Sarah Sanders said after releasing the proposals.
Graduate students and parents can borrow as much as schools charge in tuition, plus more for living expenses. The White House didn’t specify proposed limits.
Democrats broadly oppose putting limits on the federal student-loan program, as they believe it exists in part to extend credit to people who traditionally have had trouble obtaining private loans.
“The White House’s proposal is a feeble attempt to claim the Trump Administration is helping students by identifying one symptom of rising student debt, while completely ignoring the root cause—that college costs are rising exponentially,” said Sen. Patty Murray (D., Wash.), the top Democrat on the Senate Education Committee.
The proposed loan caps reflect criticism, particularly from right-leaning academics, that unlimited borrowing for parents and graduate students allows schools to charge higher prices than they would if limits were in place.
(Excerpt) Read more at wsj.com ...
Why? Do you realize how easily bankruptcy can be accomplished? And that early in life, the prolonged consequences are nil. Either pay the taxpayers back or don’t take the damned money.
.
BBBut we’re ‘entitled...’
Think about having Trump in office, the things he has accomplished, and what he is going to do. How do you feel about that?
Treasure that feeling. Once he is out of office, we’ll never feel anything like it again. These are the days, my friend. Enjoy them while they last. Dance as fast as you can.
.
There are slightly less than 6 years of man’s rule on Earth remaining until Yeshua takes over.
Its going to get way tougher than it is now during the coming years.
.
Tougher? My point is that these days should be seen as analogous to the Seattle weather forecaster’s use of “sun break.” It’s the best we’re going to see. Lap it up.
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.