Beginning in the 2017-2018 school year, colleges and universities in the United States will no longer issue any financial aid to new students. The new policy was spearheaded by President Donald Trump, who coined the term “the best ever” to describe the plan.
DonaldCare, as the new college finances law is called, almost didn’t pass through Congress. Senators John McCain (R-AZ) and Lindsey Graham (R-SC) held press conferences to show their opposition. However, they voted for it anyway.
The specifics of the law were not made available until after Donald Trump signed it. DonaldCare requires that all universities raise their undergraduate tuition to a minimum of $50,000 per year, not including housing and other fees. All grants and scholarships from colleges have been abolished, and each outside scholarship has a cap of $100.
Additionally, the loan portion of financial aid was reformed. Unsubsidized loans will no longer be available to any student, and there is no longer a maximum loan amount. Interest rates will rise and fall depending on the economy and new factors will be used when determining it. Preliminary data for the 2017-2018 school year estimates that the rate will be approximately 37%.
Despite an enormous amount of backlash, some students are supportive of the new policy. “I mean since we all get small loans of a million dollars, who needs money for college?” asked Chris Burch (’17).
The Orange House press made it clear that Betsy DeVos had no input in the new law. In her plans to reform the Department of Education, she has made it clear that she wants to implement a child sacrifice program. In the 2018-2019 year, newborns will be able to be sacrificed in order to pay one year of tuition. As a result of this news, many students across the country, including many at East Forsyth, quickly got pregnant.
As protests threaten to shut down an unprecedented number of cities, President Trump threatened to bomb Vancouver. He called it a “very spooky city, very immigranty” and hoped it would distract from his education crisis.