Here is a proposal:
1. Provide loan guarantees only for degrees in Teaching, STEM and for those disciplines for which H1B1 visas are requested, from public universities, colleges, and schools. Going forward, use STEM and a published H1B1 visa application listing (where degrees are required) as the basis for US Government guaranteed financial aid in public universities, schools and colleges only.
2. No guaranteed financial aid for private universities, schools, and colleges. The rationale is these institutions generally have hefty endowments and many non-job filling degrees that do not help support the economy, or reduce the need for H1B1 visas.
3. Any student loan forgiveness for private universities, schools, and colleges should be absorbed by those institutions. Taxpayers should not foot these costs.
4. The government’s responsibility is to the citizens and the country (jobs & the economy). The private and privileged institutions do not need government support for enrollment.
