Trump Admin to Cut Student Loans From Some Low-Earning Degree
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“TRUMP ADMIN TO CUT STUDENT LOANS FROM SOME LOW-EARNING DEGREE ”
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Topic poll · all networksWhat's the most likely result of cutting loans for low-earning degrees?
Topic poll · all networksWhich region suffers most if loans for teaching degrees are cut?
Topic poll · all networksWhat share of student loan defaulters never finished their degree?
- About 10%
- About 25%
- About 40%
- About 60%
Guess, then reveal the answer
About 40%
The feds became America's sole student lender in 2010!
The 2010 Health Care & Education Reconciliation Act ended the FFEL program, making the U.S. government the direct lender for nearly all student loans. Before 2010, private banks originated ~75% of federal student loans.
The 'Gainful Employment' rule links degrees to grad earnings!
Federal 'Gainful Employment' regulations have tied student loan eligibility to whether graduates earn enough to repay their debt. Learn more at Wikipedia