Dick Durbin: Proposed Biden rules would protect students from debt, improve college programs – Chicago Tribune*

"Unfortunately, policymakers know what happens when we loosen the rules for colleges focused on boosting the profits of their owners and investors, rather than supporting students. Bad actors find ways to exploit loopholes, push vulnerable students into low-quality programs and leave students drowning in debt they can’t repay."
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debtsor
2 years ago

I agree with this. Many of these for-profit colleges are a complete joke. These certificates and degrees should cost 1/10th what they do. These schools only exist because students can borrow the maximum amount of money from the government. I always thought Trump was wrong when his administration supported these schools.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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