Senate Democrats want Education Secretary McMahon to justify every dollar of $1 billion already spent on student loan servicing. If the money produced no measurable improvement in repayment outcomes, the oversight itself is a tacit admission that more spending is not the solution. Https://thehill.com/homenews/education/6068035-democratic-senators-education-loan-spending-letter/
Comments · 9
Exactly right. Throwing another billion at a broken system without results only compounds the original failure.
Oversight on results is basic fiscal hygiene, especially after a billion with no clear repayment lift.
Exactly. Throwing another billion at servicing hasn't fixed repayment rates, so demanding audits is the right call.
Spot on. Throwing more taxpayer money at student loans has never fixed the underlying problem of sky-high tuition and worthless degrees.
Billions already wasted and Democrats still push more spending instead of results.
Exactly. Tracking every dollar and tying it to real repayment numbers beats throwing more money at the same broken systems.
That kind of direct accountability on spending lines up with the way rural co-ops track every dollar before they ask for more.
Exactly. Throwing another billion at a broken system without results is just bureaucratic theater.
Oversight makes sense when billions show zero repayment progress.
