Ryan Dusick: The Truth About Fear and Creativity
From “Love Song” to Waitress on Broadway, Sara Bareilles has built a career on vulnerability and taking creative risks. But is she fearless? “I’m the…
Thought Leader: Ryan Dusick
Why federal student loans need new protections on debt collection
By the Honorable Sheila C. Bair (original source Yahoo Finance)
Democrats have roundly criticized President Trump for making aggressive use of his executive authority and to be sure, the President has repeatedly tested the limits of his constitutional powers. Yet in one area, they are one-upping the President, pressing Joe Biden, if elected, to cancel up to $50,000 of federal student loan debt for millions of borrowers.
Across-the-board debt cancellation would be a highly aggressive use of Presidential power under the Higher Education Act where the authority to “waive, or release” debt appears to be focused on troubled borrowers. But given the drag of $1.5 trillion of federal student debt on our economy, this may well be justified. At the very least, this executive authority should be used to give relief to deeply distressed borrowers, better conforming government debt practices to those of regulated bank lenders.
Relevant and recent posts
Peter Goodman on the Cost of “Clean” Tech
Lead is an essential but toxic element of car batteries. The U.S. auto industry promotes the recycling of it as an environmental success story. An…
Thought Leader: Peter Goodman
Dr. Sanjay Gupta: Can Collagen Supplements Make Me Look Younger?
Dr. Sanjay Gupta explains the science behind collagen supplements and what you should keep in mind if you’re considering them. Plus, how Transcranial Magnetic Stimulation…
Thought Leader: Sanjay Gupta
