Five years, 10 years from now, we are not going to be right back where we are--the argument that when you made the loan, you knew who you were lending and what the rules where and, if we went down the road a little bit, we would be changing the rules retroactively?
Scott questions the logic of only applying changes to past loans.
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Will actually contribute to the creation of miles of bureaucratic red tape, inconsistent education policy and enforcement across the federal government and a significant waste of the taxpayers’ money.
The administration had been illegally creating these interagency agreements, which are extremely inefficient and wasteful, and also result in inconsistent enforcement of federal education policy.
The sweeping changes to the federal student loan system originating from that law are compounding the issues that have risen from the dismantling of the Education Department.
Codifying this new system without assessing its effectiveness just doesn’t make any sense.
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