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

백악관은 일부 국가에 대한 연방 학자금 대출을 취소할 계획이라고 발표했다. 560,000 borrowers who attended the now-defunct for-profit Corinthian Colleges chain. 새로운 행동 아래, 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. “지금, 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. So again, it’s regressive, and it’s a mistake,” 그는 말했다.

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

척 슈머 상원 원내대표 (D-NY) speaks during a press conference about student debt outside the U.S. Capitol on February 4, 2021 워싱턴, DC. Also pictured, L-R, Rep. Mondaire Jones (D-NYD-NYep. Alma Adams (D-NC), 대표. 일한 오마르 (D-MN), 이것의. 엘리자베스 워렌 (D-MA) 및 담당자. 아야나 프레슬리 (D-MA).

척 슈머 상원 원내대표 (D-NY) speaks during a press conference about student debt outside the U.S. Capitol on February 4, 2021 워싱턴, DC. Also pictured, L-R, 대표. Mondaire Jones (D-NY), 대표. Alma Adams (D-NC), 대표. 일한 오마르 (D-MN), 이것의. 엘리자베스 워렌 (D-MA) 및 담당자. 아야나 프레슬리 (D-MA). (Photo by Drew Angerer/Getty Images)

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. In some cases, 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.

그러나 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, 제삼, 네번째rate liberal arts college, that promises everything in its catalog and delivers nothing, and you pay $ 70,000 년?” asked Bennett. “Is the government going to forgive that? [~이다] 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, 뉴욕.

Students take an orientation tour of a college in Albany, 뉴욕. (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,” 그가 설명했다. “You were counting on getting the money in, and now you are not.

폭스 뉴스’ Bradford Betz contributed to this report.