Trump Education Official to Resign and Call for Mass Student-Loan Forgiveness
Source: The Wall Street Journal.
POLITICS
Trump Education Official to Resign and Call for Mass Student-Loan Forgiveness
A. Wayne Johnson, appointed by Education Secretary Betsy DeVos, calls the student-loan system fundamentally broken
By Josh Mitchell
Oct. 24, 2019 5:30 am ET
WASHINGTONA senior student-loan official in the Trump administration said he would resign Thursday and endorse canceling most of the nations outstanding student debt, calling the student-loan system fundamentally broken.
A. Wayne Johnson was appointed in 2017 by Education Secretary Betsy DeVos as chief operating officer of the Office of Federal Student Aid, overseeing the $1.5 trillion student-loan portfolio. After seven months, he moved into a different role as chief strategy and transformation officer, leading a revamp...
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Read more: https://www.wsj.com/articles/trump-education-official-to-resign-and-call-for-mass-student-loan-forgiveness-11571909400
David Fahrenthold Retweeted
https://twitter.com/Fahrenthold
Scoop: Trumps chief of student-loan portfolio resigns, says federal loan program is fundamentally broken and calls for student debt to be canceled a position mostly associated with Democratic presidential candidates.
Link to tweet
fleur-de-lisa
(14,628 posts)Ohiogal
(32,044 posts)But why is he resigning? Why doesn't he stay in his position and just push for loan forgiveness? You know that if he resigns, they'll just find some other sycophant who will toe the Republican line to take his place.
mahatmakanejeeves
(57,580 posts)not fooled
(5,801 posts)which would make staying around and continuing to implement the policies of lizard person devoid fundamentally difficult.
2naSalit
(86,765 posts)I can imagine how hard, probably now impossible, it would be to work there during three years of Betsy and Don. I'd be seeing my counselor every day if I worked there.
50 Shades Of Blue
(10,035 posts)mpcamb
(2,873 posts)can't find a date on it, here's the link:
https://theguaranteedloans.com/south-dakota/payday-loans-in-aberdeen/reunion-student-loan-finance-corporation/
mahatmakanejeeves
(57,580 posts)And now you know . . . . . . . the rest of the story.
6 hours ago
By Greg Bluestein
He plans to campaign on a plan to cancel much of nations student debt
A top official in the federal governments trillion-dollar student financial aid agency said Thursday he would resign his post to seek Gov. Brian Kemps appointment to a U.S. Senate seat with a plan to cancel much of the nations student debt.
A. Wayne Johnson told The Atlanta Journal-Constitution he plans to apply for the seat held by retiring U.S. Sen. Johnny Isakson after serving as a deputy to Education Secretary Betsy DeVos for the past two years.
I intend to follow Senator Isaksons example as a conservative Republican who is able to work across the aisle in Congress, said Johnson, 67.
The Macon native is considered a long-shot to win Kemps favor, but he left open the possibility that he could run for the seat as a Republican if hes not selected. His platform instantly made waves in higher education circles.
He told the AJC he would campaign on a plan that would wipe clean the more than $53 billion in student loans that Georgians owe to the federal government and compensate those who have already repaid their loans.
His proposal would provide students a $50,000 grant for their college education and other work training and licensing costs. People who have already paid their student loan debts would receive tax credits up to $50,000.
It would be financed by a 1% tax on revenue generated by all employers including non-profit organizations. He called it fair, fiscally responsible and future-oriented so that the citizens of Georgia and across America can afford a college education.
....
Greg Bluestein is a political reporter who covers the governor's office and state politics for The Atlanta Journal-Constitution.
ritapria
(1,812 posts)But He's seen the light on Student Debt A modest Wall Street sales tax ends student debt in 10 years .....Freeing a generation to do , really wild leftist , radical things like : getting married , buying a house and perhaps a new car Which , in turn , stimulates the economy ; benefitting all of us
Yo_Mama_Been_Loggin
(108,157 posts)bucolic_frolic
(43,257 posts)and the problems with higher ed are never cleaned up. Education is not well tethered to careers that are financially viable.
We should not be teaching people to take on debt and then lobby for its forgiveness.
How about free money for those of us asked to actually PAY for this bailout?
How about rewarding financial solvency for once? There are those of us who did without and do without. Now I'm asked to pay for loan forgiveness for those with good educations?
Sorry, no. That is headed down the wrong path. It may be popular, it may be more equitable than the system we had and have now, but it's not fair to ask society overall to forgive student loans so the students can "get on with their lives", meaning, be consumers and buy houses and cars and lifetsyle that the rest of us pay for.
keithbvadu2
(36,876 posts)Help us help you?
Maybe a matching amount of loan forgiveness for whatever the debtor finds doable?
Not a total freebie
.............
Learned a new word.
Missssssspelled loan with a k and spellchecker liked it.
lagomorph777
(30,613 posts)roamer65
(36,747 posts)With back interest.