One of the many traits of President Donald Trump that won over the American people is his ability to make good deals. Now he’s using that skill for the benefit of the nation as he seeks to eliminate overwhelming student loan debt.
During a press conference that announced the president’s executive order to protect free speech on campus, Trump also drew attention to the problem that the prices of a college education continue to rise, often times surpassing what a student can expect to pay off in their chosen field.
“Student loan debt — I’m going to work to fix it because it’s outrageous what’s happening. You’re not given that fair start. You’re too far down. It’s not right, and we’re going to work very, very hard to get it fixed. But we’re going to start with 43 million people in the United States are currently working to pay off student loans. We’ll be talking about that very soon. We’re going to work on that very soon. I’ve always been very good with loans. I love loans. I love other people’s money. We’re going to work on it,” Trump stated.
He further explained how he was instructing his administration to collect and publish data that estimates accurate potential earnings of any given career after obtaining a degree. Giving students an idea of whether or not the degree can pay for itself in a timely fashion.
Trump declared that education institutions where “making a fortune” off of generations of students. He hoped that the release of this data would give college’s an incentive to offer fair tuition costs.
“Typically, students who take loans do not have access to critical information about what career outcomes they can expect from their programs, majors, or fields of study. They borrow more money than they could ever expect to pay off or pay back. Many middle-class American families are getting ripped off, while tax-exempt colleges and large institutions, frankly, they take these tremendous endowments — you look at the money they have. They’re making a fortune,” Trump said.