Make

America Great

End Student Loans!

Trump to offer exclusive contract to service U.S. student loans

The U.S. Education Department, led by Trump pick Betsy DeVos, said the streamlining will save money and increase efficiency. But critics said student borrowers could suffer because a single company would be granted a monopoly, with no incentive to provide better customer service. 

Trump is making good on Republican campaign promises to get government out of the business of student lending, and recently lifted limits on fees debt collectors can charge some defaulted borrowers. The Washington Post has reported he will propose major changes to loan repayment in his forthcoming budget, including eliminating a program that erases student debt for public-sector workers after 10 years of payments.

"The changes will certainly increase profits for the industry, but will do nothing to tame the high levels of default in the program," said Rohit Chopra, senior fellow at the Consumer Federation of America and former CFPB assistant director. 

The CFPB says 1.2 million student-loan borrowers have defaulted in the past year and 90 percent of the highest-risk borrowers are not enrolled in affordable repayment plans, even though student-loan companies are supposed to inform borrowers about them. 

DYI:  High school economics will tell you with a 3^rd party payer – student loans – willing to loan almost any amount of dollars and forbid bankruptcy  the price of college/university costs will soar along with ever increasing debt!

Allow bankruptcy just like any other loan and the cost of college will drop like a rock.  Obviously the amount that would be loaned would be reduced significantly as the finance company would be on the hook for any of the losses.  The college/universities cash cow would end and end abruptly.  In order to attract students they will have to reduce costs by reorganizing in order to become more efficient ending their bloated administration along with their 4 and 5 star hotel like campuses.  Within 5 years costs would recede back to the days prior to the loan program where a student could work a part time job, a little help from mom and dad, and graduate DEBT FREE!

If the student loan program was ended the schools would scream to the heavens putting out massive amounts of propaganda stating this will be the end of education.  Obviously, a total load full of crap.  Make America great end student loans along with my list of 6 other necessary changes putting America back on track! 

Make America Great

7

Sisters

Of

Institutional Change

1.)   End the Federal Reserve

2.)   Repeal 17^th Amendment – Reinstate Federal Senators chosen by State Legislators.

1. Term Limits – Constitutional Amendment

A. Two six year terms for Senators

B. Three terms House of Representatives

3.)   Repeal 16^th Amendment – Income tax replace with value added tax.

4.)   Pass the Balanced Budget Amendment

5.)   Exit the United Nations

6.)   Reign in the Medical Industrial Complex

a. Enforce Anti-Trust Laws

b. Pass Legislation for re-importation of ethical drugs

7.)   End Federal and Private Student Loans

DYI