Seems massively unconstitutional to retroactively impose penalties, especially if the previous behavior didn't violate any laws. Not to mention the reputational risk on the trustworthiness of US as a place to do business and the risk of abuse from future administrations. You might cheer that universities are getting their just desserts for scamming students, but your political adversaries might use it to claw back funding from universities for being too "woke" or whatever.
> Seems massively unconstitutional to retroactively impose penalties
For existing agreements, of course.
Going forward, for those who are the real beneficiaries of the loans, they should have a skin in the game.
Why aren't universities standing behind their product and offering financing without the unusual non-dischargeable nature of the loans? Do they not stand behind their products?
Braxton1980|13 days ago
Is the university responsible? The arguments seem to be based on majors that have a poor job market.
gruez|12 days ago
LanceH|12 days ago
For existing agreements, of course.
Going forward, for those who are the real beneficiaries of the loans, they should have a skin in the game.
Why aren't universities standing behind their product and offering financing without the unusual non-dischargeable nature of the loans? Do they not stand behind their products?