Colleges Under Fire as D.C. Tackles Student Loan Crisis

The rising cost of college education is a central issue in the ongoing student loan crisis, with critics pointing fingers at universities for profiting from federal subsidies while increasing tuition costs. Education Secretary Linda McMahon has criticized institutions for profiting off federal loans, arguing that as the government raised loan caps, schools raised tuition prices accordingly. This practice has contributed to the growing burden of student loan debt, with millions of borrowers at risk of default.

Despite the federal government’s fluctuating repayment programs, schools are also under scrutiny for their role in the crisis. Many institutions have raised tuition prices while benefiting from increased federal aid, causing a feedback loop of higher education costs. Schools have also been using data-driven methods to set tuition prices, further escalating costs for students.

Experts are calling for accountability from universities as the student loan crisis continues to worsen, with millions facing default and financial consequences.