President Trump announces an end to student loans for make-work university degrees:
President Trump is banning students majoring in degrees that don’t make enough money from taking out college loans.
The Los Angeles Times reported Wednesday that the Education Department has finalized a rule that will force schools to prove that the loans students are taking out are paying off.
Degrees for social work, art, religious studies, teaching aides, and music, and cosmetic certification programs will be hit the hardest. For-profit programs will also be hit particularly hard.
First, all student loans should be outlawed and all student loan debt should be forgiven. It’s a predatory scam taking advantage of literal children. And the fact that these loans were being provided to obtain degrees that couldn’t reasonably expected to cover the cost of acquiring them only underlines their predatory nature.
It’s a good first step, but it shouldn’t be the last one.