Reply to Concerns That New Department of Education Earnings Test Could Undermine Arts, Public Service Degree Programs

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[quote=Anonymous]Simplified, the proposed regulation states that federal loans would not be available if a degree holder earns less than an average HS graduate in their state.

According to AI, an average HS graduate in DC initially earns 39k year, a little over minimum wage.

If a specific college degree can’t guarantee that a graduate will make more than a minimum wage and requires to take loans to pay for it, then it is our civic duty to deny those loans. If colleges are truly in this for the betterment of society, they can discount non profitable degrees, offer merit aid, maybe even provide their own loans and see how it works out. Otherwise government needs to step in and prevent what is basically a predatory practice. 18 year olds don’t even have their cortex matured, the part responsible for making decisions and regulating emotions.

Also, how’s what government is proposing different from what a credit lender does? You want 100k loan to start a business, you better show that you can survive and at least do as well as other businesses in that space.

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