• bigDotteeA
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    2 days ago

    Not into politics, but this tells me that our schools (not just colleges and universities) are going to have grave consequences too if he gets rid of the dept. it’s not just secondary education that will be affected. It seems that he is downplaying everything by just focusing on student loans.

    Any idea how much federal funding is given to elementary, middle, and high schools in this country? It may not seem like a lot, but almost 14% of funding comes from the federal government, or about $2,500 on average per student in the US. Ref: https://usafacts.org/answers/what-percentage-of-public-school-funding-comes-from-the-federal-government/country/united-states/

    As someone who has student loans that I can’t pay back with great speed due to other debts with higher interest rates, I do fear that there’s going to be a push to move all these loans to private sources and that’s going to jack up the repayment terms. Given that he clearly doesn’t care about the courts, laws, and what judges have ruled on in the past, I wouldn’t put it past private lenders to change the terms of the loans and fuck everyone over.