Students across the country are heading back to school, so there’s no better time to talk about our education system and how important it is to keep education affordable and attainable for every American student.
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Here’s what I’m proposing: First, if a student defaults on their federal loan, the institution where they took classes should be responsible for a portion of that default.
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Second, we need to apply the same rules to Not-for-profit institutions as we do to for-profit institutions. All institutions should be held to the same standards when it comes to preparing students for jobs, and ultimately be held accountable for their performance.
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Third, if a college or university raises tuition or fees, they will be automatically cut off from ALL federal funding, including federally-guaranteed loan programs. That’s right, ALL FEDERAL FUNDING WILL BE CUT OFF IF TUITION OR FEES ARE INCREASED.
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Fourth, Pell Grants should be eligible for use at technical colleges. Our great technical schools prepare students for work in high-demand fields, and students should be allowed to use Pell Grants to pursue the education that will put them on the path to success.
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Finally, we must remove onerous Obama-era regulations that hinder private lenders from giving loans. If a private bank wants to lend to our students, they can. And U.S. taxpayers shouldn’t be on the hook for every student loan in our country.
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Our higher education system doesn’t serve the student, and we need to change that. I fear that if we stay on this path, it will be harder and harder for some of our brightest minds to get the education and the opportunity they deserve.
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End of conversation
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We need a big drive in universities and trade schools to teach young professionals to work with robots and other emerging technologies. The rest of the developed world is largely incorporating automation into their workforces. We don't want to be left behind.
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