Govt.should put a cap on tuition rates for any institution that wants to receive students on federal loans.
this post was submitted on 02 Jul 2023
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Rather than interfering further with a private market, they could simply cap the amount of federal loans a student can receive.
That doesn't help solve the problem of cost though. If a university degree is going to cost $50k/year and say the govt. caps the amount of federal loans at $15k/year, that just either forces the student to get private loans or not go to college.
I think part of the mindset that has to change is this idea that college is worth it no matter the cost.
Yes and no - if the university can no longer fill its ranks because their costs are too high, they will have to reduce costs. The reason it’s so expensive right now is because they have a captive audience that can’t walk away.
Edit:
I think part of the mindset that has to change is this idea that college is worth it no matter the cost.
Say it louder for the people in the back!
alternate headline: "Democratic party loses presidential election with 17 months remaining, as young voters struggle to remain optimistic."
Imagine thinking that the only way your party could win is if the other side doesn’t vote. Perfect encapsulation of what the fascist Republican Party has become.
I mean Ken Paxton is a great example. https://www.newsweek.com/texas-ag-says-trump-wouldve-lost-state-if-it-hadnt-blocked-mail-ballots-applications-being-1597909
Imagine thinking that the only way your party can win is to make cheating trivial, and that common sense voting requirements (prior registration, day-of in-person only, ID required, indelible ink on finger) are racist.
Personally, I’d like voting to be at least as secure as obtaining a library card, but that’s me. 🤷♂️
The judges did the right thing, its the law as written. Biden should've gone through the process.
Biden should have gotten congressional approval. It is why the PPP loans were a thing and these aren’t right now. He got people’s hopes up rather than actually getting it done.
Like Republicans would let him (and you need them to survive a fillibuster, because the US political system is weird). They clearly care a lot about not letting Biden have big wins and they don't give a shit about students. Biden took the option that actually stood a chance instead of the one that is unlikely to go anywhere.
He doesn't need congressional approval. The President can use the Higher Education Act authorization and direct his Secretary of Education to modify or waive any and all loans.
Waiting to see if he follows through on this. No idea why the White House tried to use the Heroes Act to justify the cancellation, but it's clear that if Biden chooses not to enact cancellation with the Higher Ed Act that it was always meant as a carrot on a stick for young voters.