Education

If Jason Furman and Melissa Kearney really want to pass legislation to end the student loan system and make college affordable for all — great! What’s the plan, guys?

“All spending is bad” is simply not a useful principle for assessing all policy. What we spend money on speaks to what our leaders want society to value.

“If this plan is implemented, then by trying to please everyone, Biden will likely please no one.”

Dear Secretary Cardona:

We are writing today to thank the Department of Education for committing to reform its practices on opposing and appealing student loan discharges in bankruptcy court. Our organizations call on the Department to immediately withdraw oppositions to individuals seeking undue hardship discharges in bankruptcy proceedings while these reforms are being implemented.

A coalition of 17 advocacy organizations called on Education Secretary Miguel Cardona to immediately withdraw his department’s opposition to student borrowers seeking to discharge their debt in bankruptcy court while the Department reviews its bankruptcy policies in a letter on Thursday. The letter can be read here. 

Biden made big promises to American college students and graduates in his presidential campaign, just to walk them back when he became president.

The Education Department controls almost every aspect of regulating for-profits, from certifying the accrediting agencies to the enforcement of student protections like the gainful employment rule and the borrower defense rule.

Progressive groups successfully pressed Education Secretary Miguel Cardona to replace the acting head of the office that oversees the nation’s $1.5 trillion student loan portfolio in recent weeks. Now, Abigail Seldin, a former student loan company executive, is reportedly a candidate to lead that office.