DURING THE
OBAMA ADMINISTRATION, THERE WERE SOME IMPORTANT REGULATIONS PUT
IN PLACE PERTAINING TO FOR-PROFIT COLLEGES.
THESE ARE
DIFFERENT FROM PUBLIC COLLEGES OR PRIVATE COLLEGES.
FOR-PROFIT
COLLEGES ARE RUN MUCH LIKE CORPORATIONS THAT THEY HAVE
INVESTORS AND THEY WANT TO MAKE AS MUCH MONEY AS POSSIBLE IN THE
MONEY THAT THEY MAKE USUALLY MAKES INDIVIDUALS WHO WERE
INVOLVED IN THE BUSINESS WEALTHY AS OPPOSED TO GOING BACK INTO
COFFERS FOR THE SCHOOL.
JUST YOU KNOW WHAT FOR-PROFIT
COLLEGES ARE.
THERE WERE A LOT OF CONTROVERSIAL ISSUES OVER THE
YEAR REGARDING HOW THESE FOR-PROFIT COLLEGES WERE
INTENTIONALLY DECEPTIVE TOWARD STUDENTS THAT THEY WERE
ATTEMPTING TO RECRUIT.
THEY WOULD SHOW THEM JOB PLACEMENT
STATISTICS THAT WERE MISLEADING DOTS GIVE YOU AN EXAMPLE, IF
SOMEONE WAS GOING TO ONE OF THE SCHOOLS TO STUDY HOW TO BE A
CHEF, THEY WOULD SHOW JOB PLACEMENT RATES AT 85%.
IN
REALITY, THOSE STATISTICS INCLUDED INDIVIDUALS WHO ARE
WORKING FASTER COMPANIES LITERALLY FLIPPING BURGERS AND
SO COURSE THAT IS DECEPTIVE ESPECIALLY WHEN THEY CONVINCE A
LOT OF STUDENTS TO TAKE OUT VERY LARGE FEDERAL LOANS.
A LOT OF
THESE SCHOOLS RELIED ON FEDERAL LOANS IN ORDER TO MAKE UP
THE REVENUE AND FOR SOME SCHOOLS, IT WAS AS MUCH IS
95% OF THEIR REVENUE.
TAXPAYERS WERE BEING HURT BY THIS BECAUSE WHERE YOU
THINK THAT REVENUE COMES FROM?
AND ALSO STUDENTS WERE BEING HURT BY THIS BECAUSE THEY WERE
DIGGING THEMSELVES INTO GIGANTIC HOLES FOR A PROGRAM THAT
WOULDN'T ACTUALLY PLACE THEM IN A JOB THAT WOULD GIVE THEM A
DECENT EARNING POTENTIAL.
WITH THAT SAID, OBAMA FINALLY DID
SOMETHING ABOUT IT.
THERE WAS SOMETHING CALLED GAINFUL
EMPLOYMENT WHICH ENSURED THAT IF A SCHOOL IS TO RECEIVE ANY TYPE
OF FEDERAL FUNDING, THEY HAVE TO HAVE A CERTAIN RATIO AMONG THE
NUMBER OF STUDENTS ENROLLING AND THE NUMBER OF STUDENTS WHO
ACTUALLY GET PLACED IN GAINFUL EMPLOYMENT THEY GRADUATE.
THE SECOND PART OF IT WAS A DEBT FORGIVENESS PROGRAM FOR
THOSE WHO WERE MISLED BY THESE RECRUITERS, THOSE WHO WERE
THE VICTIMS OF THIS FRAUDULENT BEHAVIOR.
FAST-FORWARD TO THE TRUMP ADMINISTRATION.
WHAT COULD GO WRONG?
THE EDUCATION DEPARTMENT HAS DECIDED TO PUT A HOLD ON THESE
RULES.
THE PRIVATE OFFICIALS WILL BLOCK A RULE THAT CLARIFIES
HOW STUDENT BORROWERS CAN HAVE THEIR LOANS FORGIVEN IF THEY
WERE DEFRAUDED OR MISLED BY THE COLLEGE.
THE ADMINISTRATION
WILL ISSUE A STAY OF BORROWER DEFENSE UNDER SECTION 705 OF THE
ADMINISTRATIVE PROCEDURE ACT WHICH AN EDUCATED SHIN OFFICIAL
SAID ALLOWS FEDERAL AGENCIES TO HALT THE EFFECTIVE DATE OF A
RULE PENDING JUDICIAL REVIEW.
THE LOAN FORGIVENESS COMPONENT
OF ALL THIS WAS SUPPOSED TO GO INTO EFFECT JULY 1.
BETSY
DEMOSS COMES IN, SHE HAS BEEN VERY SYMPATHETIC TO FOR-PROFIT
COLLEGES, WAS NOT IN FAVOR OF REGULATING THEM WHATSOEVER.
SHE
WAS ACTUALLY VERY TRANSPARENT ABOUT THAT.
SHE COMES IN AND
SAYS NO.
WE'RE NOT DOING THIS.
SOME REAL QUICK, LET'S HEAR FROM
HER.
SHE SAYS IT IS THE DEPARTMENTS AIM IN THIS
ADMINISTRATION'S COMMITMENT TO PROTECT STUDENTS FROM PREDATORY
PRACTICES WHILE ALSO PROVIDING CLEAR FAIR AND BALANCED RULES
FOR COLLEGES AND UNIVERSITIES TO FOLLOW THAT WITH KEEP IT REAL,
THIS IS REALLY ABOUT PROTECTING FOR-PROFIT COLLEGES AND ENSURING
THAT YOUR BUDDIES CONTINUE MAKING AS MUCH MONEY AS POSSIBLE
WITH TAXPAYER-FUNDED LOANS THAT ARE GIVEN TO THE STUDENTS AND BY
THE WAY, THESE LOANS ARE GOING TO BE FORGIVEN.
SHE CLAIMS THAT
THEY WILL BE IF THEY QUALIFY BUT IT SEEMS LIKE SHE IS NOT
VERY SYMPATHETIC TOWARDS THE STUDENTS THAT.
IS NOT LIKE WE HAVE A PRESIDENT WHO HAS ANY INTEREST
OR HISTORY IN TAKING PART IN FOR-PROFIT COLLEGES OR ANY KIND
OF INSTITUTION OF HIGHER LEARNING WHERE HE MADE
MONEY OFF PEOPLE OR DEFRAUD THEM.
THAT DIDN'T
HAPPEN DID IT?
HE EXPLOITED PEOPLE WHO WERE SPECIFICALLY LOOKING TO BETTER
THE LIVES, WHO WERE LOOKING FOR BETTER OPPORTUNITIES.
TRUMP
UNIVERSITY IS THE ENEMY OF WHAT FOR-PROFIT COLLEGES ARE.
THEY
ARE DESPICABLE WHICH IS WHY CORINTHIAN COLLEGES WENT DOWN
THE DRAIN RECENTLY IN 2015 BECAUSE THEY WERE DEFRAUDING
STUDENTS THAT THEY WERE SCREWING THEM OVER AND STUDENTS WERE ABLE
TO PAY BACK THEIR LOANS BECAUSE THEY COULDN'T FIND GAINFUL AND
PLAY MEANT THAT THEY WERE TOLD, THEY WERE PROMISED THE MOON AND
THE STARS IN THESE RECRUITING TECHNIQUES, I DON'T KNOW BECAUSE
WHAT'S DAYTIME TELEVISION BUT THEY ARE CLEVER.
THEY GO AFTER
VERY SPECIFIC SHOWS IN A VERY SPECIFIC DEMOGRAPHIC BECAUSE
THEY KNOW THAT THESE PEOPLE ARE DESPERATE AND WANT TO BETTER
THEIR LIVES SO THEY WILL PROMISE THE MOON AND THE STARS.
DON'T TAKE THE COASTLINES IT'LL BE GREAT.
MANY OF THE PEOPLE THEY ARE TARGETING MAYBE HAVE HAD
SETBACKS, AND THERE LIKE I AM BEHIND.
I'M 22 YEARS OLD
ALREADY.
BY THE WAY THAT STILL YOUNG, BUT THE TARGETED PEOPLE
THINK I HAVE TO CATCH UP AND IT'S THE QUICK AND EASY WAY.
THE QUICK AND EASY WAY ESPECIALLY WITH EDUCATION MOST
OF TIMES IS IN BUT THEY ARE TAKING ADVANTAGE.
WITH THE
WEDDING I WAS PUT IN THERE, THEY'RE GOING TO MAKES IT MORE
FAIR AND BALANCED, THE THING THAT NO ONE LIKES TO TALK ABOUT
POLITICS IS SURE, WHEN IT CAME TO HEALTHCARE, THERE WERE THINGS
WITH IT THAT DIDN'T WORK.
IT WASN'T GOING TO DEVELOP THE
RIGHT WAY BECAUSE AGAPE TOO MUCH POWER TO PEOPLE IN STATES THAT
WANTED TO TANK IT.
SURE, THIS THINGS IN THE WAY THIS THAT YOU
CLEAN IT UP, BUT THE REALITY IS THE OFFICIALS SHE IS GOING TO
APPOINT ARE GOING TO BE FAIR TO TAKE WHATEVER APPROACH THEY WANT
THAT WILL BE BEHIND CLOSED DOORS BECAUSE EVERY PEOPLE AT HOW
MANY PEOPLE EVERY DAY ARE GOING TO REPORT ABOUT WHAT THESE
RANDOM NAMELESS DEPARTMENT HEADS ARE DOING TO CREATE POLICY
THE WAY THEY WANTED THAT NOBODY WILL AND WE WILL LOOK UP
AND GO HOW DID WE GET THAT HORRIBLE PIECE OF
LEGISLATION THAT THEY SAID WAS GOING TO MAKE SO MUCH BETTER?
READING THROUGH THIS ARTICLE I COULDN'T BELIEVE HOW ON THE
NOSE IT WAS FOR THE TRUMP ADMINISTRATION.
I THOUGHT IT
WOULD BE A LITTLE MORE NUANCED AND MYSTERIOUS DUCK.
THAT'S NOT REALLY THE RIGHT WORD TO DESCRIBE ANYTHING
HAPPENING IN THE TRUMP ADMINISTRATION.
I WAS READING IT AND I WAS LIKE THEY MUST BE TRYING TO
AVAIL THIS AND SOMETHING ELSE.
THERE'S NO WAY THEY ARE JUST GOING TO ANNOUNCE THAT
THEY'RE CUTTING AND THEY'RE NOT GOING TRY TO WORK THROUGH IT.
SO MUCH OF THIS IS GOING TO BE HAVE GOING ON BEHIND CLOSED
DOORS WITH PEOPLE BETSY DEVOS DOES HERSELF.
P WE HAD A BUSINESSMAN FOR PRESIDENT.
A MAN WHO DEFRAUDED STUDENTS.
AND NOW HE IS DOING EXACTLY THAT WITH THE PEOPLE HE PUT
IN PLACE FOR OUR COUNTRY.
I FEEL LIKE THAT IS SO OBVIOUS THAT IT IS SUCH AN OBVIOUS
THING TO.
IT'LL HAVE TO ANYMORE BECAUSE AFTER THE CAMPAIGN AND THE WAY
HE OPENLY SAID THINGS THAT HE WAS HOPING HE COULD DO LOSSES TO
GIGABYTES WITH LIFE AND IT DIDN'T WORK THEY WERE LIKE
THEY WILL OFFER ANYTHING THAT WOULD HAVE TO ANYMORE,
LET'S SAY WHAT WERE GOING TO DO AND THEY'RE GOING TO GO GAY.
THIS AFFECTS EVERYONE REGARDLESS OF WHETHER OR NOT YOU
HAVE STUDENT LOAN DEBT BECAUSE IF YOU GENUINELY CARE ABOUT THE
ECONOMY AND HOW IT WORKS, YOU NEED PEOPLE TO SPEND MONEY.
YOU
NEED PEOPLE TO STIMULATE THE ECONOMY AND RIGHT NOW THERE'S A
HUGE PROBLEM WITH $1.3 TRILLION IN STUDENT LOAN DEBT AND WHEN WE
ARE STRAPPED WITH THAT, IT IS REALLY DIFFICULT TO GO OUT THERE
AND BUY A CAR OR A HOME OR GET YOUR LIFE STARTED AND ACTUALLY
STIMULATE THE SO-CALLED ECONOMY THAT WE HAVE.
EVERYONE GETS
AFFECTED BUT MORE IMPORTANTLY, YOUNGER GENERATIONS BECAUSE OF
THE FACT THAT TUITION HAS SHUT UP SO MUCH OVER THE LAST 10
YEARS, YOUNGER GENERATIONS ARE HEARD THE MOST PERSONALLY.
YOUNGER GENERATIONS DIDN'T VOTE FOR TRUMP SO IF YOU ARE
CONCERNED ABOUT THIS BEING SOMETHING THAT SERVES AS A
POLITICAL RAMIFICATION WHEN AUNT ON THE LINE.
IT IS NOT BECAUSE THESE ARE PEOPLE WHO TYPICALLY
WOULDN'T VOTE FOR TRUMP ANYWAY.
I DON'T THINK THEY'RE GOING TO LOOK AT THE THOUGHT.
I COULD BE WHITES EASILY OVERLOOKED.
REMEMBER WE WENT ON
HIS, AS SOON AS HE WON THE ELECTION HE TALKED ABOUT HOW HE
HELPS HIS FRIEND.
LITERALLY,
HE SAID THAT IN THE OPEN.
AS I CAN'T BELIEVE THAT THEY MUST'VE AT LEAST HAD SOME
SORT OF A CODE LANGUAGE.
ITíS NOT EVEN CODED.
ITíS COMPLETELY
TRANSPARENT.
WHAT IS HAPPENING.
TOTALLY.
I FEEL LIKE EVERY TIME THEY ARE ON CAMERA IT IS
LIKE, JUST COME TO MY ONE-SHOT, ITíS ALMOST AS IF THEY ARE
LIKE, WE ARE GOING TO FUCK YOU.
WE'RE GOING TO FUCK YOU REAL GOOD
AND YOU ARE GOING TO LIKE IT.
PEOPLE ARE LIKE YEAH, VOTE
THAT WE'RE GOING TO VOTE FOR HIM.
WE ARE GOING TO HAVE OVER
HIM.
MAGA MAGA MAGA.