GOOD

How Student Loans Will Change Under President Trump

The man behind Trump University has some thoughts on student loans

Donald Trump has been fueling some Americans’ political nightmares for a while now. But in more than a few areas, he’s simply been scrambling people’s expectations. Diehards freaked when Trump first floated establishment elites for his cabinet like Mitt Romney and Steve Mnuchin; Republicans split over the likes of retired Russia-friendly Lt. Gen. Mike Flynn, Trump’s pick for National Security Advisor. But assuming the Trump administration doesn’t crash the economy or start a nuclear war, what’s the president-elect’s plan for those student loans glowering at your paycheck?


Well, it depends. On the one hand, Trump has made pretty clear that he’s a fan of big businesses, so long as they help (in his thinking) make America great again. Analysts have reasoned that his term in office will probably be pretty good for private student loan debtholders. Some stocks in that industry have gone up since his election, and some congressional Republicans might push Trump to deal private lenders back into the federal student loan system, according to MarketWatch. Plus, he’s likely to staff up the Department of Education with a team that’s easier on for-profit colleges than the current bureaucracy.

But Trump has also already advanced a general approach to student debt relief that’s a few clicks more openhanded than anticipated: the scheme would wipe out repayments in excess of 12.5% of your income for up to 15 years. And if Trump’s really as ready to add substantial new debt to the government’s own balance sheet, what better way to peel off some support among millennials – not his biggest fans – by taking a federal hit for their benefit?

Long story short? Don’t expect any clarity on student debt right away. But for now, don’t expect the worst either.

Articles
AFP News Agency / Twitter

A study out of Belgium found that smart people are much less likely to be bigoted. The same study also found that people who are bigoted are more likely to overestimate their own intelligence.

A horrifying story out of Germany is a perfect example of this truth on full display: an anti-Semite was so dumb the was unable to open a door at the temple he tried to attack.

On Wednesday, October 9, congregants gathered at a synagogue in Humboldtstrasse, Germany for a Yom Kippur service, and an anti-Semite armed with explosives and carrying a rifle attempted to barge in through the door.

Keep Reading Show less
Communities
via Andi-Graf / Pixabay

The old saying goes something like, "Possessions don't make you happy." A more dire version is, "What you own, ends up owning you."

Are these old adages true or just the empty words of ancient party-poopers challenging you not to buy an iPhone 11? According to a new study of 968 young adults by the University of Arizona, being materialistic only brings us misery.

The study examined how engaging in pro-environmental behaviors affects the well-being of millenials. The study found two ways in which they modify their behaviors to help the environment: they either reduce what they consume or purchase green items.

Keep Reading Show less
Culture

One of the biggest obstacles to getting assault weapons banned in the United States is the amount of money they generate.

There were around 10 million guns manufactured in the U.S. in 2016 of which around 2 million were semiautomatic, assault-style weapons. According to the National Shooting Sports Foundation, the firearms industry's trade association, the U.S. industry's total economic impact in 2016 alone was $51 billion.

In 2016, the NRA gave over $50 million to buy support from lawmakers. When one considers the tens of millions of dollars spent on commerce and corruption, it's no wonder gun control advocates have an uphill battle.

That, of course, assumes that money can control just about anyone in the equation. However, there are a few brave souls who actually value human life over profit.

Keep Reading Show less
Health
via Reddit and NASA / Wikimedia Commons

Trees give us a unique glimpse into our past. An examination of tree rings can show us what the climate was like in a given year. Was it a wet winter? Were there hurricanes in the summer? Did a forest fire ravage the area?

An ancient tree in New Zealand is the first to provide evidence of the near reversal of the Earth's magnetic field over 41,000 years ago.

Over the past 83 million years there have been 183 magnetic pole reversals, a process that takes about 7,000 years to complete.

Keep Reading Show less
The Planet
via Pixabay

The final episode of "The Sopranos" made a lot of people angry because it ends with mob boss Tony Soprano and his family eating at an ice cream parlor while "Don't Stop Believin'" by Journey plays in the background … and then, suddenly, the screen turns black.

Some thought the ending was a dirty trick, while others saw it as a stroke of brilliance. A popular theory is that Tony gets shot, but doesn't know it because, as his brother-in-law Bobby Baccala said, "You probably don't even hear it when it happens, right?"

So the show gives us all an idea of what it's like to die. We're here and then we're not.

Keep Reading Show less
Health