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President Trump plans to sign an executive order dissolving the Department of Education, fulfilling a campaign promise and a long-held conservative goal. While the order directs the Secretary to facilitate closure and return authority to states, Congress’s creation of the department in 1979 makes complete dismantling unlikely without further legislative action. The department’s significant role in managing billions of dollars in school funding and student loans raises concerns about the impact on students and institutions. Opposition exists, with advocates arguing the move would harm vulnerable students and exacerbate educational inequality.
In its thirteen-year history, the Consumer Financial Protection Bureau (CFPB) has returned billions to consumers and reformed various financial sectors, including student loans and mortgages. However, acting CFPB head Russell Vought has issued directives effectively halting the agency’s operations, including suspending investigations and closing its headquarters. This action, seemingly aimed at dismantling the CFPB from within, follows Elon Musk’s celebratory tweet about its demise and aligns with the White House’s opposition to recent CFPB consumer protections. Lawsuits have been filed, and Senator Warren has warned of the potential consequences for consumers should the agency be crippled.
A bill to terminate the Department of Education has been introduced in the House of Representatives, and the reaction online has been, to put it mildly, explosive. The sheer audacity of the proposal seems to have caught many completely off guard, sparking outrage and disbelief across various online platforms. The immediate concern is the potential impact on education standards across the nation, raising questions about the future of educational resources and opportunities for students.
This isn’t just about the immediate implications for students and educators; it’s about the broader societal consequences. Many commentators are expressing deep concerns about the long-term effects on the nation’s intellectual capacity and its ability to compete globally in an increasingly knowledge-based economy.… Continue reading
you commented about how nobody forces us into debt, and we all made a choice to take on our debt.
I want to help you, and anyone else browsing this thread who thinks that way, understand why that line of thinking is both wrong and unhelpful.
With the obvious disclaimer that my situation doesn’t apply to 100% of student loan borrowers, I’m willing to bet that what I’m about to describe is an extremely common thread among the majority of us, especially those of us who are a little older and who started college in the early 2000s when things were just getting worse.… Continue reading