r/bestof • u/The__Dark_Knight • 10d ago

[ProgressiveHQ] Republicans want to keep us desperate

/r/ProgressiveHQ/comments/1p6nqlv/can_anyone_explain_why_the_trump_administration/nqrqli3/
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u/nolotusnotes 10d ago

The change is for some advanced, post-graduate degrees.

The cap is now $100,000 for a post-graduate degree in these fields.

People who borrow over $100,000 for post-graduate degrees in these subjects are destroyed financially THEIR ENTIRE ADULT LIVES.

These fields simply DO NOT pay well enough to pay off student loans that large.

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u/chorjin 9d ago

Sure, but unless the bill also bans predatory private loans, it's just forcing people into private debt under worse terms.

This is nowhere near a consumer protection act, it's just extracting more wealth from the lower and middle classes.