Posted on 01/17/2021 12:14:28 PM PST by E. Pluribus Unum
Before her exit from the Trump administration, Secretary of Education Betsy DeVos had one last warning for members of Congress.
In a farewell letter addressed to Senate Majority Leader Mitch McConnell on Jan. 4, DeVos warned of the dangers of forgiving student loan debt.
The Democratic Party has made student loan forgiveness one of its top policy priorities.
With control of both houses of Congress and the presidency, the party would have the power to pursue such a policy in the next few years.
“Importantly, I hope you also reject misguided calls to make college ‘free’ and require the two-thirds of Americans who didn’t take on student debt or who responsibly paid off their student loans to pay for the loans of those who have not done the same,” DeVos wrote in her letter, which came two days before the Jan. 6 incursion on Capitol Hill.
DeVos resigned her position on Jan. 7, citing Trump’s role in the incursion. Her position had been due to expire this Wednesday, when Joe Biden will be inaugurated as president.
“Across-the-board forgiveness of college debts is not only unfair to most Americans, it is also the most regressive of policy proposals – rewarding the wealthiest sector of our labor force at the expense of the poorest,” DeVos continued in the Jan. 4 letter. “My recent remarks at the annual FSA conference provide more on that.”
During her speech at the conference, on Dec. 1, DeVos was even more explicit with her denunciation of the left’s move to cancel student debt.
“We’ve heard shrill calls to cancel, to forgive, to make it all free. Any innocuous label out there can’t obfuscate what it really is: wrong,” she said, according to reports. “The campaign for free college is a matter of total government control. Make no...
(Excerpt) Read more at westernjournal.com ...
Except she is absolutely right about this. I suspect our “Great Reset” will inflate the value out of much debt soon enough—and college loans will by that point be the least of our problems anyway.
Except she is absolutely right about this. I suspect our “Great Reset” will inflate the value out of much debt soon enough—and college loans will by that point be the least of our problems anyway.
If the government is going to underwrite, guarantee and/or subsidize students loans, then the colleges and universities know they can keep raising their tuitions and costs to whatever the traffic will bear. After all, the government is good for it.
Since the colleges and universities aren't negatively affected if the loans aren't repaid, they have no skin in the game so they keep raising the fees to attend their institutions.
As a result, attending college has become almost prohibitively expensive to attend without the government backed student loans or rich parents or benefactors. Vicious cycle.
When I attended Arizona State University as an in-state student in the late 60s, early 70s, I worked three part time jobs while carrying a full load of classes year round and paid all of my tuition myself. My parents did help with my books. That wouldn't be possible nowadays.
worst education secretary evah! thanks for nothing duvos.
what happened to the bills where colleges would have to pay the student loan debt of students who could not get employment in their major?
Also ‘cheap’ college loans were a bribe to the young to vote Dem.
Every election there’s a new crop of young voters to be fleeced by the Dems.
Obama was praised by the media for providing the loans, during his continuous recession, to provide opportunity for the young while there were no jobs. And it wasn’t a liberal policy no sir- these loans would be paid back...
This will get buried, but let’s say they forgive some of the loans. What are they going to do to make sure it doesn’t happen again?
I would hate to be a CFO for a university next year. All of a sudden their gravy train is gonna stop.
But I do know that if such laws existed, it should definitely apply to AO-C and her economics degree from Boston University.
She apparently fell asleep or skipped class when she was supposed to be learning economics because she doesn't know shit about it.
Sorry. If she resigned because of “Trump’s role” in the events of 6 January, nothing she has to say interests me.
Nice going to stab Trump supporters and PDJT in the back after they defended you for so long, Betsy.
Bitch.
i find it hard to believe conservative republicans can truly be fooled by listening to what Trump says, and then placing a role in the violence onto him. Further i find it hard to believe they wouldn’t be able to make a comparison between what anfita/blm has been doing for years and this one event.
Further i find it difficult that any true comservative couldn’t see that antifa/blm were the ones causing and inciting the violence,especially given they tweeted they did it, and were encouraging people to go dressed as trump,supporters.
If Trump supporters/patriots did this kind of thing all on their own, antifa and blm would not need to infiltrate to make it appear trump people/patriots were violentand cause the violence themselves.
I couldn’t afford college, so I didn’t go.
I’m sure glad I get to pay for that education now. Oh, not
for me, it’s for others who couldn’t afford it.
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