privatization https://www.yahoo.com/news/u-student-loan-system-place-2019-education-department-230708265--sector.html
Betsy The Boss may be able to improve the thing but not by much if the money continues to go to frivolous courses and courses of study.
Maybe you have to suffer under who believe a manager is a manager is a manager to recognize useless MBAs.
Not saying I disagree with the principle personally, I just think there is a subjective component to that. The larger issue is giving money to people who can't pay it back and would never be able to get any kind of loan in any other situation. Above that there is the issue of schools admitting people that don't belong in college (can't do basic math, can't read, write, or reason above an 8th grade level).
I am reading that correctly? Is she looking to dissolve the four current loan servicers listed in the article for something new? What happens to the thousands of employees at those businesses?
The 21st Amendment created just such an intolerable situation. Elements of organized crime had to turn to political office for employment. Less fortunate criminals were forced to do as you say.
The Reuters story you linked to says, "...said it would award a contract to one company for a user platform and a standardized process for handling consumer calls. That would mean abandoning the current system of having four companies service outstanding loans." That doesn't sound like a whole "new student loan system" to me, just an attempt to streamline and rationalize customer interaction with the loan process.