Student Loan Reform Sellout?

Wikimedia Commons/Creative Commons

Get your news from a source that’s not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily.


This past week, fellow MoJo blogger Andy Kroll and I wrote about student loan reform and how the new law’s provisions correlate to Obama’s support, or lack thereof, for community colleges. I argued that Obama’s decision to sign the bill at a Virginia community college signaled a symbolic reaffirmation of his support for these overenrolled, underfunded, two-year colleges. Before this week, the president had scarcely mentioned community colleges since challenging them last summer to graduate five million more students by 2020. But Andy made the excellent point that the bill Obama signed is missing the $12 billion the prez proposed to help community colleges meet his challenge.

The version passed by the House last fall included $10 billion for the American Graduation Initiative, the program that was to fund Obama’s graduation mandate. But when the bill got tied to health care reform to help health care meet the cost-savings requirements of reconciliation, that $10 billion got knocked down to a meager $2 billion. Giving more money to community colleges would have thrown off the overall savings needed to help health care stay afloat.

I agree with Andy that not offering any federal funding to community colleges would be tantamount to Obama selling out on the working class, but I’m hopeful that the funding will come through soon in another form. I don’t think the president has forgotten how much community colleges are hurting. Plus, had student loan reform not been tied to health care, it likely would have remained in legislative limbo. House Education and Labor Committee Chairman George Miller (D-Calif.) had been working on student loan reform for years. And reform minus promised additional funding for community colleges still seems like a better deal than no student loan reform and no money for community colleges.  

We were built for times like these

Russian bots are impersonating us. Trump and his allies want to silence us. AI wants to (and does!) steal our content. The list goes on. But with 50 years of experience, we know we were built for this moment: We’re ready to keep diving deep and uncovering the truth, then getting that to you right here, completely accessible and never behind a paywall.

While our work is free to read, watch, and listen to online, it’s incredibly costly to make. Court documents, travel, research: It all adds up. Because we’re a nonprofit newsroom, we rely on reader support to fund our investigations. Will you stand with us in these extraordinary times, as headlines clamour for our attention and disinformation is rampant? We can’t get the truth out without you.

We were built for times like these

Russian bots are impersonating us. Trump and his allies want to silence us. AI wants to (and does!) steal our content. The list goes on. But with 50 years of experience, we know we were built for this moment: We’re ready to keep diving deep and uncovering the truth, then getting that to you right here, completely accessible and never behind a paywall.

While our work is free to read, watch, and listen to online, it’s incredibly costly to make. Court documents, travel, research: It all adds up. Because we’re a nonprofit newsroom, we rely on reader support to fund our investigations. Will you stand with us in these extraordinary times, as headlines clamour for our attention and disinformation is rampant? We can’t get the truth out without you.

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

INDEPENDENT. BECAUSE OF YOU.

Mother Jones has no billionaires calling the shots—just readers like you making fearless reporting possible

Donate