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The Hefty Yoke of Education Loan Debt. Except, that is, for just one variety of financial obligation: figuratively speaking.

The Hefty Yoke of Education Loan Debt. Except, that is, for just one variety of financial obligation: figuratively speaking.

Clearly, it is impossible to utilize loan that is conventional requirements to pupils who, by definition, aren’t at this time earning sufficient cash to settle their loans. However the system is at the mercy of punishment by universities whose— that is primary not merely — objective is to obtain their arms regarding the cash.

The kind that do a lot of advertising on New York subways — the Department of Education has been trying to come up with a rule to exclude programs that have a clear history of not producing people who can earn enough to repay their loans: a “gainful employment” rule for programs that do not lead to conventional degrees — largely the training programs pushed by for-profit private schools.

The department’s very first work ended up being refused by way of a federal judge following the Association of Private Sector universites and colleges sued.

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