Oh Good Lord In Heaven We're Going To Mess With College Loans Again
One hallmark of the DeVos era has been a deep devotion to debt-- specifically the debt of students who tried to go to college, and making sure that Those People don't try to wiggle out of it. She has stayed close to companies in the debt biz, a biz that she has her own ties to.
All of this is why some folks have looked askance at her stated desire to shake up Federal Student Aid, the gazillion-dollar operation that helps finance so many college educations. At one point she wanted to spin it off into a stand-alone business, perhaps because that would insure that no future politicians would mess things up by forgiving student debt.
My older children graduated from high school in 2004 and 2006, then moved on to higher education of one sort or another. I made it a year or two, and then it was time to start borrowing, kicking off an experience that I have mostly blocked out of my memory because Sweet Jesus on a unicorn!
When I started, you had to deal with a bank to get the loan, which meant finding a participating bank with a pile of money, which involved filling out FAFSA etc, a royal pain of its own and heaven help you if you're divorced and not, as I was, co-parenting with someone who feels cooperative. What I didn't really understand at the time was that I was dealing with a bank, and a financial aid CONTINUE READING: CURMUDGUCATION: Oh Good Lord In Heaven We're Going To Mess With College Loans Again
