A bill authored by Sen. Josh Hawley of Missouri would require institutions of higher education to have skin in the student debt game.
A graduating student's cap declares their future intentions during commencement exercises at City College where First lady Michelle Obama delivered the commencement speech on June 3, 2016, in New York City.More than 40 million Americans are saddled with student debt, which has reached an estimated total of $1.6 trillion. The burden has prohibited people from buying houses or saving for retirement and even caused some not to get married.
On the other side of the aisle, President Donald Trump's administration has proposed reforms to the Higher Education Act that are more in line with Hawley's bill: In March, the White House released its, including a shift in responsibility for students' education costs onto colleges and universities.
Still, no. You know the French saying 'Qui paie ses dettes s'enrichit.'? Translation: Who pays his debt gets richer.
Great idea. Colleges can pick up the tab by raising tuition rates.
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Source: Forbes - 🏆 394. / 53 Read more »