Obama made sure that he kept a tight control on educational indoctrination.
He used regulation to create an unfair playing field that sent some students scrambling.
A huge Barack Obama college disaster scammed millions of American students.
The college system in America is seriously flawed. Americans owe over $1.56 trillion in student loan debt with the average student owing $29,800.
Student debt is a problem but most Democratic ways of solving the problems are flawed.
They talk about cancelling debt for students or more regulation when deregulation is a far better pathway to getting a degree.
But the Democrats don’t like capitalism proving solutions instead of the government.
Obama put extra requirements in place for for-profit schools that would have killed all the gender studies programs in the government schools.
Obama said that for-profit colleges need to implement the “gainful employment” rule or students wouldn’t be able to apply for loans.
But Obama didn’t apply the same rule for nonprofit or government schools, even if they cost the same price to attend for-profit schools.
According to the Washington Examiner:
But, if the gainful employment rule had a flaw, it was the one that eventually provided Education Secretary Betsy DeVos her reason to rescind it, namely, that it discriminates unfairly against for-profit colleges despite the fact that so many nonprofit and public schools are equally worthless to the students who attend them.
And this has now been proven true. Inside Higher Ed reported this week on a clever project by the Texas Public Policy Foundation, whose work I always enjoy. The TPPF simply took public information about various nonprofit and public schools and applied the Obama rule’s criteria to them. Their tool allows the user to look at the median income and debt levels of graduates from thousands of degree programs one year after graduation. The results are about what you’d expect.
Only about 60 percent of programs at private nonprofit institutions, and 70 percent of those at public colleges and universities, would pass the Obama administration’s gainful employment test, if it were in place and applied to them, according to an online tool developed by a conservative Texas policy group.
This compares to about 56 percent of private, for-profit schools.
This means that nonprofit colleges are only 4% better than for-profit schools and yet nonprofits didn’t have to worry about this rule being applied to them.
If the government got out of the student loan business altogether, private loan companies would make sure that every student loan would help a student get gainful employment otherwise they would be out of their money.
Democrats like to talk about how college prices have gone up but they don’t question why they have gone up. Government loans and government regulation are the reason that college debt is at an all-time high.
And Obama just added to the problem with another senseless regulation that stifled private business solutions to the problem.
Do you think that Obama’s extra regulation of for-profit colleges helped the college debt crisis?
Let us know what you think in the comments below.