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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDeVos Proposes New Agency, Run by Someone Else, for Student Loans
https://www.nytimes.com/2019/12/03/business/devos-student-loan-agency.htmlEducation Secretary Betsy DeVos has frequently been the target of angry borrowers who say her department does a bad job managing the student loans of tens of millions of people.
On Tuesday, she said the governments $1.5 trillion student loan portfolio should be someone elses problem.
Calling student loan financing an untamed beast, Ms. DeVos said it should be spun off into its own federal agency. Her departments Federal Student Aid office is battered by the ever-changing political whims of Washington, she said, and cannot fulfill its mission in its current form.
Im not so sure the federal government should monopolize student lending, she said in a speech at the start of a four-day training conference in Reno for 5,000 financial aid officers from schools nationwide. But if it does and, for now, it essentially does then it must provide services on par with world-class financial firms.
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DeVos Proposes New Agency, Run by Someone Else, for Student Loans (Original Post)
fleur-de-lisa
Dec 2019
OP
Wouldn't it be cheaper to forgive the existing debt & make college free?
BuffaloJackalope
Dec 2019
#4
Of course, but where's the cruelty and hardship factor in your logical solution?
fleur-de-lisa
Dec 2019
#5
CaptYossarian
(6,448 posts)1. An Education Secretary who's never been inside a public school before and
never had the "pleasure" of doing a FAFSA form. Has she ever seen a child?
Maybe her ship should have orbited Earth a few more times before landing.
jayschool2013
(2,312 posts)2. Has she ever seen a child?
Who do you think sews together her dalmation-skinned capes?
CaptYossarian
(6,448 posts)3. They won't enter her gingerbread mansion.
BuffaloJackalope
(818 posts)4. Wouldn't it be cheaper to forgive the existing debt & make college free?
fleur-de-lisa
(14,624 posts)5. Of course, but where's the cruelty and hardship factor in your logical solution?
I swear, repubs get a boner from hurting and insulting us little people.