What Dismantling Education Department Means for Student Loans
21st March 2025
Axios, a Voice of the Crust.
President Trump signed an executive order to close down the Department of Education on Thursday — an unprecedented move that presents big questions for student loan borrowers.
Why it matters: The department plays a key role in managing some $1.5 trillion in student debt for more than 40 million borrowers, and a vast majority of its budget is allocated to the agency that oversees the federal student loan system.
And there you have it. The virtue of the Department of Education, in the eyes of the Deep State and its minions, is not that it actually did any ‘educating’ but as a source of funds for what might be called the Education Establishment, from teachers’ unions to those who have PhDs but no chance of gainful employment and depend on government ‘funding’ in the form of research grants. That’s why the cost of higher education has risen at many timers the rate of inflation–such institutions know that the taxpayer will pick up the tab, whether they want to or not.
This $1.5 trillion in student debt didn’t just rise from the swamp like Godzilla, but came about because of the proglodyte conviction that every child is from Lake Woebegone and therefore Above Average, and so deserves to go to college. Hence the government (without which Nothing Will Be Done) must pay for it, disregarding the fact that (by definition) half of the population is Below Average and can’t cope with college-level work (which, research shows, requires an IQ of at least 110).
As with housing, the government makes it possible for people to do something that, in reality, they have no business doing. All of these situations arise because politicians and government employees set the table with cheap pies and cakes and donuts and then wring their hands because we are undergoing an Obesity Epidemic that came from nobody knows where but which will require more Government Money (‘funding’), taken from the taxpayers, to fix.
As here, the purpose of loyal Minions of the Crust, especially in the Narrative Media, is to wrap this hand-wringing in appropriate tender-hearted clichés so that Low Information Voters will acquiesce in signing off on this great redistribution of ‘funding’ from those who work for a living to those who merely Study and Think Deep Thoughts.
That’s the basis for all of the hate and discontent toward Elon Musk (and, behind him, to Trump): He is threatening the gravy train of taxpayer ‘funding’ upon which al of these drones depend for their BMWs and houses in Chevy Chase.