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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRepublicans Opt to Make Education an Upper-Class Privilege - The American Prospect
Federal student loans, as envisioned in the bill, would be an expensive, punitive, and downright dangerous financial vehicle. In perhaps the most shocking provision, victims of fraud by their colleges would still have to pay the loans issued to attend them. Other changes would make it easier for fraudulent colleges to re-enter higher education, after being drummed out by regulators in the recent past.
The Republican plan reveals a betrayal of the promise Lyndon Johnson made when he signed the Higher Education Act in 1965, said Rep. Bobby Scott (D-VA), ranking Democrat on the House Education and Workforce Committee. Most of the provisions targeted toward reducing federal student aid exacerbate the college affordability crisis by limiting the students access to Pell grants and federal loans.
The changes would reduce federal spending on student loans by up to $330 billion over a decade, thus creating headroom for tax cuts that will primarily benefit the wealthy. While Republicans on the committee claim that they are trying to rein in an unaccountable higher-education industry that has quintupled the real cost of college since 1970a cost bloat they attribute to the availability of federal student loansthe pipeline from stingier financial aid to tax cuts is clear.
https://prospect.org/education/2025-04-30-republicans-education-upper-class-privilege-student-loans/

Squaredeal
(644 posts)For wealthy-class students and use part of these funds for free or minimal tuitions for students from middle and working-class families. A two-million dollar tuition for four years for the wealthy-class students could pay for one student from a rich family and seven from the rest of the population. Sounds like a reasonable solution to me.
nitpicked
(1,122 posts)In my field, the local university relied on retired federal workers for much of its teachers.
And it was a commuter school.
It was affordable.
THEN, in a chase for ratings, they hired a big name.
And they built dorms.
Now, it costs much more percent of a worker's yearly earnings than it did then.
Johonny
(23,493 posts)There are not enough rich people to keep colleges a float. The collapse of the US university system and basically the tech industry soon follow.