Overhaul student loan forgiveness

Education
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1

Shut down the Borrower Defense to Repayment manner of blank student loan forgiveness that has been Mickey Moused by Biden. It never worked before anyways, and replace with common sense remedy to assist student loan borrowers who have experienced actual damages from universities. For example, if a university “sold” a student on a program that didn’t exist, the student can timely unenroll, the school can’t charge them the full semester of tuition and steal their loan funds. The schools need to return the entire loan funds to Title IV and the student should not be assessed the loan debt.

Require universities to have refund policies where they allow a student to unenroll half way through a semester and it’s no harm, no foul. Student walks away debt free and the school sends the loan back to Title IV. Allow the school to make money on the floating funds sitting in escrow while the student decides if they want to stay.

Btw - NRM (negotiated rule making) is a joke! Not a fair or common sense way for USDOE to promulgate rules.

2

Colleges first need to stop adding classes that are not part of the degree. Also why do colleges have kids take the basics. A freshman that is going to college for a particular degree say nursing. There should be a set price per semester of the classes that they need only for nursing. If student doesn’t know what they want to get a degree in then they go under a basic price for semester. There should be only certain groups that can give loans for colleges. A low interest rate. No tenure for professors. No indoctrination, do not know how that works. All student loans say a certain years should be audited and lowered interest rate. If loan is outrageous then college and the bank or loan company be fined for predatory practice. College books are excessively expensive. All Colleges should be audited by a independent auditor that has no connection to the college. No federal monies (our taxes) donated to colleges.