“R. McMahonThere is no reason at all, as much as I can decide, that there must be student loans in the Ministry of Education. “
McMahon, who was commissioned by President Donald Trump to end the Ministry of Education, discussed the possibility of transferring student loans to the Ministry of Treasury or returning to the private sector during its appearance Breitbart News Daily. The interview comes just one day after Trump signed an executive order calling for the dismantling of the Ministry of Education.
The host Mike Slater McMahon asked whether anyone had done that federal participation in student loans had led to a huge increase in tuition fees, and they asked what would happen, “If we just cancel student loans to move forward …”
“Is there any debate about perhaps just getting rid of federal -backed student loans in the future?” Inquire.
He listens:
“Well, I think, certainly, we have to look at it. Some initial talks were held with Minister Bessent in the treasury. There is absolutely no reason as I can determine that there should be student loans present in the Ministry of Education – which came during President Obama’s era. Before that, he was in the private sector in the private sector.”
“Yes, I think there is an advantage to return to the private sector, but we have to address-it is an amazing number that there are 1.6 trillion dollars in student loan debts. Nearly half of the budget in the Ministry of Education is currently overseeing the student loan program, and therefore it is clear.”
As I mentioned, that is, a student borrowing money, colleges give the attendance price to this student, [and] The student can borrow even all that the college says is the cost of attendance. Therefore, if it is 70,000 dollars, 90,000 dollars, 100,000 dollars, the student can borrow it a lot, but the student may graduate from that kidney with a certificate in philosophy or archeology and you may not know that you cannot get a job to pay this loan. “
McMahon also mentioned the idea of ​​studying and reviewing college requests and updating free request for federal students’ assistance (FAFSA) to empower students and parents with more information before borrowing money.
McMahon said: “You can have a red mark in popup and says:” This loan is very expensive for this type of discipline, and you will not be able to obtain a continuous income to pay the loan, “McMahon said, describing the idea as a” goal “but” is not something on the drawing board at the present time. ”
“But these [ideas] In discussion with more artificial intelligence and upcoming technology on board.
In general, she said she hoped “there could be reviews of the student loan program in the private sector, perhaps, by the treasury.”
She said: “This is not a drew conclusion, but it is certain that by telling colleges and universities that this loan will not be there, it will be useful in reducing the cost of the college and universities.”
Breitbart News Daily broadcasts on Siriusxm Patriot 125 from 6:00 am to 9:00 am East.
Catherine Hamilton is a political correspondent at Breitbart News. You can follow it on x Thekat_hamilton.
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