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The Department of Education issued the loans. They should be able to decide if they want to collect them. The money has already been spent so the only "cost" is
by WoahNoun 3y ago
The Department of Education issued the loans. They should be able to decide if they want to collect them. The money has already been spent so the only "cost" is the opportunity cost of collecting. So it's not an appropriations issue.
- last_responder 3y ago"the money has already been spent " With the expectation that they will get it back. Its not like they bought 400 million dollars with of gummy bears and they are all gone anyway.
- treeman79 3y agoSo people not realize that the money has to come from somewhere? Colleges got the money and spent a little bit of it on educating students. If it’s not paid back then regular people need to have their tax money diverted from hopefully useful things to pay for this. Sure it’s great if every random government agency can spend unlimited money. Well at least until we become the next Venezuela.
- jonnycomputer 3y agoCongress directed the DoE to issue the loans. Do not try to usurp Congress's authority.
- zeroonetwothree 3y agoThe executive branch has to carry out the laws that Congress passes. They don't get to do whatever they want. We live in (kind of) a democracy.
- roarcher 3y ago> The Department of Education issued the loans. They should be able to decide if they want to collect them. It's not the DoE's money, it's the taxpayers' money. No, the DoE should not be able to unilaterally decide that it is no longer accountable for it. There is a proper channel for that sort of decision, one which (in theory, at least) includes the input of the taxpayers. It's called Congress.