Trump Admin To Stop Taxpayer Funding Of Worthless College Degrees:
‘Now is the time for a hard reset in higher education,’ the department stated.
The U.S. Department of Education announced Friday it will be stripping federal student loan funding from any college program that does not yield a high salary after the student graduates.
Stereotypically worthless degrees in areas like “women’s and gender studies” have become the standing joke that jabs at how unserious college has become. But under new proposed rulemaking from the Education Department, if schools want to offer degrees that bury students in debt while giving them poor job prospects, the institutions will have to fund those programs themselves.
“The Trump Administration’s proposed accountability framework is grounded in common sense: if postsecondary education programs do not leave graduates better off, taxpayers should not subsidize them,” Under Secretary of Education Nicholas Kent said in a press release. “This consensus-backed framework will drive meaningful change in postsecondary education, ending years of regulatory whiplash and addressing student debt that has left too many students worse off.”
Under the proposed rule, undergraduate programs will have to prove that degree recipients earn at least as much as a high school graduate before being eligible for student loan funding. Similarly, graduate school programs will need to prove higher earnings than an average bachelor’s degree. The average high school graduate is estimated to earn about $40,000, according to the National Center for Education Statistics.
“Programs that routinely fail to provide students with a reliable return on investment would lose access to federal student loans, and in certain cases, Pell Grants,” the department said.
Though the average high school graduate salary target is a fairly low bar, a Department of Education official told The Federalist that there are college programs that will get cut because the return on investment is so low. It also means that important degrees like liberal arts, philosophy, and history — areas where conservatives are severely lacking, leaving leftists in control of the American historical narrative — will likely be safeguarded. --->READ MORE HERE
Trump’s crackdown on colleges is a good start — but more is needed to fix higher ed:
Education Secretary Linda McMahon nailed it: Higher ed is a downright scam.
Her Wall Street Journal column last week announcing an end, as of May 5, to President Joe Biden’s student-loan repayment pauses and forgiveness plans should force every taxpayer, official, student and parent to rethink the nation’s perverse system of financing higher ed.
Here’s how McMahon describes the scheme: “Colleges and universities call themselves nonprofits, but for years they have profited massively off the federal subsidy of loans, hiking tuition and piling up multibillion-dollar endowments.”
A 2015 study found for every dollar jump in caps on subsidized loans, tuition rose 60 cents.
Schools have used the extra cash not just to goose endowments but to hire more staff — assorted bureaucrats, like DEI counselors — and raise salaries.
Government aid, in other words, mostly helps greedy colleges. Not kids.
Meanwhile, the “students graduate six figures in the red.”
Worse, “many of the degree-granting programs that qualify for student loans are worthless on the job market.” Yet “colleges continue to accept students to these programs and encourage them to borrow to pay for them.”
It’s a government-created ripoff: Young adults are left with a massive debt that jeopardizes “their ability to achieve the American dream.”
McMahon vows to “push colleges to be responsible.” And on Tuesday, Team Trump announced that it would target the pensions, tax refunds and even wages of student borrowers who refuse to repay their federal student loans. --->READ MORE HERE
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