LISTEN TO TLR’S LATEST PODCAST: Rob Shimshock Displayed with permission from Daily Caller News Foundation Education Secretary Betsy DeVos appointed a student loan CEO Tuesday to head the Federal Student Aid division of the Department of Education. DeVos appointed A. Wayne Johnson, a former Visa and Deloitte executive, as chief operating officer of Federal Student…
By Blake Neff Obama administration officials have recommended giving the “death penalty” to the nation’s largest for-profit college accreditor. The decision could affect over 800,000 students at about 900 different campuses, which would lose access to federal student loans if the death sentence becomes a reality. In a devastating 29-page report issued Wednesday, officials with the Department of…
President Obama Apparently Wants 2009 All Over Again After the housing bubble of 2009, you’d think many people would learn their lessons that lending money to people with bad credit was a recipe for disaster. On top of that, the government promised to bail out the lenders with taxpayer money should the deal go south, which…
Government intervention into the student loan business is making college more expensive. A new paper by the National Bureau of Economic Research found evidence that increasing college costs is largely due to student loan policies. Authored by Grey Gordon and Aaron Hedlund, the study used a computer model to measure the effects of different economic forces…