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Sheila Bair: The Trump Campaign’s Solution to Student Loan Debt Caters to the Elite

 

Fortune Magazine

May 17, 2016

 

Why would any good lender want to stop lending to its best customers?

 

Advocates for private liberal arts colleges are becoming as politically isolated as moderate Republicans. (For better or worse, I am both.) Democrats want to ramp up huge taxpayer subsidies for public schools only, while Republicans like U.S. Sen. Marco Rubio want more welders and fewer philosophy majors. (I was one of those too.) Now Sam Clovis, Donald Trump’s education advisor, is also piling on, suggesting that federal aid should be restricted for any student pursuing an “esoteric” liberal arts degree.

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