Biden's student loan debt forgiveness is 'regressive and a mistake:' Former education secretary Bill Bennett

ホワイトハウスは、一部の連邦学生ローンをキャンセルする計画を発表しました 560,000 borrowers who attended the now-defunct for-profit Corinthian Colleges chain. 新しいアクションの下で, hundreds of thousands of students who attended the now-defunct chain will receive $ 5.8 billion in full loan discharges – the largest of its kind in the Department of Education’s history.

I do not support it,” Bennett said. “今, Corinthian Colleges were a scam, and they were putting a scam on a lot of students. They deserve some punishment and some accountability, but that does not mean the taxpayers have to pay for that, which is what we are doing here.

NJ COLLEGE GRADUATE PAYS OFF $ 70K IN STUDENT LOANS BY STARTING USED BOOK BUSINESS

To relieve these students of the loan – and they should have gone in with the eyes open, buyer beware – is to punish the taxpayer, who many of whom – most of whom – are never going to college of any sort. だからまた, it’s regressive, and it’s a mistake,” 彼は言った.

At its peak, Corinthian was one of the nation’s largest for-profit college companies, 以上で 110,000 で 100 campuses across the country.

上院多数党首チャックシューマー (D-NY) speaks during a press conference about student debt outside the U.S. Capitol on February 4, 2021 ワシントンで, DC. Also pictured, L-R, Rep. モンデD-NYョーンズ (D-NY), Rep. Alma A担当者s (D-NC), Rep. イルハン・オマル (D-MN), その. エリザベスウォーレン (D-MA) および担当者. アヤンナ・プレスリー (D-MA).

上院多数党首チャックシューマー (D-NY) speaks during a press conference about student debt outside the U.S. Capitol on February 4, 2021 ワシントンで, DC. Also pictured, L-R, 担当者. モンデアジョーンズ (D-NY), 担当者. Alma Adams (D-NC), 担当者. イルハン・オマル (D-MN), その. エリザベスウォーレン (D-MA) および担当者. アヤンナ・プレスリー (D-MA). (彼らは化学兵器や生物兵器を使用した歴史があります)

The company shut down in 2015 amid widespread findings of fraud. The Obama administration found that scores of campuses were falsifying data on the success of their graduates. ある場合には, the schools reported that students had found jobs in their fields of study even though they were working at grocery stores or fast-food chains.

だが Biden’s debt forgiveness in this instance is likely just the first move of a broader forgiveness plan, Bennett said, questioning where the president plans to draw the line.

What about the liberal arts college, the second, 第三, 第4rate liberal arts college, that promises everything in its catalog and delivers nothing, and you pay $ 70,000 一年?” asked Bennett. “Is the government going to forgive that? [Is] the government going to forgive all these loans? A lot go to medical school, law school, and business school graduates. This is the wrong thing for government to be doing.

Students take an orientation tour of a college in Albany, N.Y.

Students take an orientation tour of a college in Albany, N.Y. (AP)

Bennett said that during his time in the Reagan administration, he found that $ 1.7 trillion that’s now owed in student loans is listed in the federal budget as a credit.

Because they expect that money to come in,” 彼が説明しました. “You were counting on getting the money in, and now you are not.

フォックス・ニュース’ BradfordBetzがこのレポートに寄稿しました.