Obama’s Progressive Socialist Attempt to Destroy Private College Education in America
The President and Secretary DeVos have been under attack from this small but vocal band of education elitists since day one, but Sec. DeVos is already moving to strengthen private college education. She recently announced her intention to address one bad regulation known as the “Borrower Defense to Repayment” rule. This controversial rule allows students to stop paying their education loans if they think they have been defrauded in some way. And who pays the bill if a student walks away from his or her loan obligation – the taxpayer. This rule also allows ED to arbitrarily condemn schools without any defined process for appeal. TV ads by law firms enticing students to claim fraud and walk away from their loans were already running when Secretary DeVos correctly announced that ED was putting the brakes on this regulation while under review.
The University “Composite Score” rating is another example of bad education policy that was deliberately crafted to attack private schools. The “Composite Score” is simply a formula designed by education bureaucrats with no experience in running a college to reveal the alleged financial health of a college. This is very similar to what financial institutions, especially small community banks, were experiencing with another dubious progressive leftist regulation by way of Dodd-Frank. A bad score of, “…not financially responsible” not only jeopardizes a school’s ability to attract students, it makes the school needlessly obtain a letter of credit and threatens the school’s ability to receive Title IV funding.
The President’s plan to revive the job market and the economy along with Secretary DeVos’ leadership at ED are much needed first steps, but Congress needs to act as well. Once the ED’s reform priorities are made public, Congress should move to pass new laws to strengthen private education and help fill our skilled worker void. With the help of Congress, private colleges and Universities can bring an end to a skilled worker shortage that is hampering our economic recovery and limiting our nation’s ability to compete in a global market.
The amount of damage done by the eight years of Barack Obama bureaucratic progressive socialist policies are like a metastasizing cancer. It spread throughout every aspect of our system of governance from our economy, healthcare, and national security. But nowhere are these insidious regulatory exploits more dangerous than with the education of future Americans.