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mahatmakanejeeves

(57,516 posts) Thu Oct 24, 2019, 11:47 AM Oct 2019

Trump Education Official to Resign and Call for Mass Student-Loan Forgiveness

Source: The Wall Street Journal.

POLITICS
Trump Education Official to Resign and Call for Mass Student-Loan Forgiveness
A. Wayne Johnson, appointed by Education Secretary Betsy DeVos, calls the student-loan system ‘fundamentally broken’

By Josh Mitchell
Oct. 24, 2019 5:30 am ET

WASHINGTON—A senior student-loan official in the Trump administration said he would resign Thursday and endorse canceling most of the nation’s outstanding student debt, calling the student-loan system “fundamentally broken.”

A. Wayne Johnson was appointed in 2017 by Education Secretary Betsy DeVos as chief operating officer of the Office of Federal Student Aid, overseeing the $1.5 trillion student-loan portfolio. After seven months, he moved into a different role as chief strategy and transformation officer, leading a revamp...

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Read more: https://www.wsj.com/articles/trump-education-official-to-resign-and-call-for-mass-student-loan-forgiveness-11571909400

David Fahrenthold Retweeted

https://twitter.com/Fahrenthold

Scoop: Trump’s chief of student-loan portfolio resigns, says federal loan program is fundamentally broken and calls for student debt to be canceled — a position mostly associated with Democratic presidential candidates.

Link to tweet

14 replies

= new reply since forum marked as read

Highlight:

Trump Education Official to Resign and Call for Mass Student-Loan Forgiveness (Original Post) mahatmakanejeeves Oct 2019 OP

K&R fleur-de-lisa Oct 2019 #1

Maybe this is a stupid question Ohiogal Oct 2019 #2

He's a political appointee. He's toast after saying this. [Edit] There's more: mahatmakanejeeves Oct 2019 #4

Sounds as though he has a conscience not fooled Oct 2019 #5

He's been there a while... 2naSalit Oct 2019 #6

K & R! 50 Shades Of Blue Oct 2019 #3

A. Wayne Johnson was from Reunion Student Loan Finance, who also funded payday loans. mpcamb Oct 2019 #7

Federal student aid official resigns post to seek Georgia Senate seat mahatmakanejeeves Oct 2019 #8

I don't support this guy ritapria Oct 2019 #9

Trump just soiled himself again Yo_Mama_Been_Loggin Oct 2019 #10

Bailout the students, bail out the colleges bucolic_frolic Oct 2019 #11

Help us help you? keithbvadu2 Oct 2019 #14

Why isn't Cruella DeVos resigning? She's the one behind this scandal and profiting from it. lagomorph777 Oct 2019 #12

Only if the millions who actually paid theirs off are reimbursed. roamer65 Oct 2019 #13

fleur-de-lisa

(14,627 posts)

1. K&R

Reply to mahatmakanejeeves (Original post)

Thu Oct 24, 2019, 11:48 AM

Oct 2019

Ohiogal

(32,015 posts)

2. Maybe this is a stupid question

Reply to mahatmakanejeeves (Original post)

Thu Oct 24, 2019, 11:50 AM

Oct 2019

But why is he resigning? Why doesn't he stay in his position and just push for loan forgiveness? You know that if he resigns, they'll just find some other sycophant who will toe the Republican line to take his place.

mahatmakanejeeves

(57,516 posts)

4. He's a political appointee. He's toast after saying this. [Edit] There's more:

Reply to Ohiogal (Reply #2)

Thu Oct 24, 2019, 11:51 AM

Oct 2019

Federal student aid official resigns post to seek Georgia Senate seat

not fooled

(5,801 posts)

5. Sounds as though he has a conscience

Reply to Ohiogal (Reply #2)

Thu Oct 24, 2019, 11:58 AM

Oct 2019

which would make staying around and continuing to implement the policies of lizard person devoid fundamentally difficult.

2naSalit

(86,659 posts)

6. He's been there a while...

Reply to Ohiogal (Reply #2)

Thu Oct 24, 2019, 12:00 PM

Oct 2019

I can imagine how hard, probably now impossible, it would be to work there during three years of Betsy and Don. I'd be seeing my counselor every day if I worked there.

50 Shades Of Blue

(10,021 posts)

3. K & R!

Reply to mahatmakanejeeves (Original post)

Thu Oct 24, 2019, 11:50 AM

Oct 2019

mpcamb

(2,871 posts)

7. A. Wayne Johnson was from Reunion Student Loan Finance, who also funded payday loans.

Reply to mahatmakanejeeves (Original post)

Thu Oct 24, 2019, 12:05 PM

Oct 2019

can't find a date on it, here's the link:

https://theguaranteedloans.com/south-dakota/payday-loans-in-aberdeen/reunion-student-loan-finance-corporation/

mahatmakanejeeves

(57,516 posts)

8. Federal student aid official resigns post to seek Georgia Senate seat

Reply to mahatmakanejeeves (Original post)

Thu Oct 24, 2019, 12:21 PM

Oct 2019

And now you know . . . . . . . the rest of the story.

Federal student aid official resigns post to seek Georgia Senate seat

6 hours ago
By Greg Bluestein
He plans to campaign on a plan to cancel much of nation’s student debt

A top official in the federal government’s trillion-dollar student financial aid agency said Thursday he would resign his post to seek Gov. Brian Kemp’s appointment to a U.S. Senate seat with a plan to cancel much of the nation’s student debt.

A. Wayne Johnson told The Atlanta Journal-Constitution he plans to apply for the seat held by retiring U.S. Sen. Johnny Isakson after serving as a deputy to Education Secretary Betsy DeVos for the past two years.

“I intend to follow Senator Isakson’s example as a conservative Republican who is able to work across the aisle in Congress,” said Johnson, 67.

The Macon native is considered a long-shot to win Kemp’s favor, but he left open the possibility that he could run for the seat as a Republican if he’s not selected. His platform instantly made waves in higher education circles.

He told the AJC he would campaign on a plan that would wipe clean the more than $53 billion in student loans that Georgians owe to the federal government and compensate those who have already repaid their loans.

His proposal would provide students a $50,000 grant for their college education and other work training and licensing costs. People who have already paid their student loan debts would receive tax credits up to $50,000.

It would be financed by a 1% tax on revenue generated by all employers – including non-profit organizations. He called it “fair, fiscally responsible and future-oriented so that the citizens of Georgia and across America can afford a college education.”
....

Greg Bluestein is a political reporter who covers the governor's office and state politics for The Atlanta Journal-Constitution.

ritapria

(1,812 posts)

9. I don't support this guy

Reply to mahatmakanejeeves (Original post)

Thu Oct 24, 2019, 12:22 PM

Oct 2019

But He's seen the light on Student Debt … A modest Wall Street sales tax ends student debt in 10 years .....Freeing a generation to do , really wild leftist , radical things like : getting married , buying a house and perhaps a new car ………Which , in turn , stimulates the economy ; benefitting all of us

Yo_Mama_Been_Loggin

(108,066 posts)

10. Trump just soiled himself again

Reply to mahatmakanejeeves (Original post)

Thu Oct 24, 2019, 01:22 PM

Oct 2019

bucolic_frolic

(43,204 posts)

11. Bailout the students, bail out the colleges

Reply to mahatmakanejeeves (Original post)

Thu Oct 24, 2019, 01:57 PM

Oct 2019

and the problems with higher ed are never cleaned up. Education is not well tethered to careers that are financially viable.

We should not be teaching people to take on debt and then lobby for its forgiveness.

How about free money for those of us asked to actually PAY for this bailout?

How about rewarding financial solvency for once? There are those of us who did without and do without. Now I'm asked to pay for loan forgiveness for those with good educations?

Sorry, no. That is headed down the wrong path. It may be popular, it may be more equitable than the system we had and have now, but it's not fair to ask society overall to forgive student loans so the students can "get on with their lives", meaning, be consumers and buy houses and cars and lifetsyle that the rest of us pay for.

keithbvadu2

(36,834 posts)

14. Help us help you?

Reply to bucolic_frolic (Reply #11)

Thu Oct 24, 2019, 05:35 PM

Oct 2019

Help us help you?

Maybe a matching amount of loan forgiveness for whatever the debtor finds doable?

Not a total freebie

.............
Learned a new word.

Missssssspelled loan with a k and spellchecker liked it.

lagomorph777

(30,613 posts)

12. Why isn't Cruella DeVos resigning? She's the one behind this scandal and profiting from it.

Reply to mahatmakanejeeves (Original post)

Thu Oct 24, 2019, 02:05 PM

Oct 2019

roamer65

(36,745 posts)

13. Only if the millions who actually paid theirs off are reimbursed.

Reply to mahatmakanejeeves (Original post)

Thu Oct 24, 2019, 02:05 PM

Oct 2019

With back interest.

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