Daily Wire
Under the [Big Beautiful] bill, colleges will have “skin in the game,” meaning if they churn out dropouts or graduates with a particular major who can’t afford to pay their student loans, the college will have to eat those costs. That makes it in their interest to discourage people from going into debt for programs in useless or low-quality fields, admitting students who are unlikely to be able to complete a useful program, or charging such high tuition that the increase in earnings isn’t worth it.
Colleges will no longer be able to admit an endless stream of people who take $150,000 in student loans for a gender studies degree when half of them default on their loans and stick taxpayers with the bill. Schools will have to reimburse the federal government for missed loan payments based on the percentage in a “program of study,” meaning a major within a particular school, who drop out or don’t see increased earnings based on the degree. More
Nice.
Fairness, common sense and a program with TEETH, I like it.
Looks like another reason the Leftists are against the BBB. The Leftist Colleges are telling them they will no longer have their kickbacks from promoting dead-end degrees.
I like it. Colleges must co-sign the loans they give the students. Kid’s dont pay? great! Colleges must pay the feds. Hopefully including back interest and hefty late fees on a rapidly increasing schedule.
Ideal plan: colleges give the loans, and its all on them, and as 401(c)3 they can’t write off the bad loans.
Paging Nelson Muntz
Art History Faculty hardest hit……
HA HA!
No more Starbucks degrees. If the kid defaults, it’s no big deal to the college, hence these useless degrees become a profit center.
College was affordable until the government decided to subsidize it.
So the student is off the hook either way. So much for being responsible for life choices.
This is how it should have been all along. Now how about ending qualified immunity and absolutely no one in the federal payroll that isn’t bondable and bonded? When I was a kid my mother worked on Malmstrom AFB and had to be bonded.
Back when I was a Project Manager my best shipping clerk had a BA in American Literature from Brown.
All Liberal Arts and Social Studies are now in the crosshairs.
RIGHT ON!
You take a kid’s money, Un-educate them for 4 years, turn them into useless eaters & shitters, it is up to you collect that money without court assistance.