Red Jahncke , Columnist

Trump Faces Time Bomb in College Loan Program

Taxpayers will spend billions on borrowers who get "public service" jobs.

January 18, 2017 at 1:30 PM UTC

Red Jahncke is president of Townsend Group International, a business consultancy in Connecticut, and a freelance columnist who writes on a wide range of public policy issues.

Hooray for the taxpayer.
Photographer: Spencer Platt/Getty Images

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What does the incoming Trump administration propose to do about the fast-growing, loss-ridden $1.3 trillion federal student loan system?

Unfortunately, senators barely touched on this issue at Tuesday’s confirmation hearing for Betsy DeVos, Donald Trump’s choice to be education secretary. In particular, they should have zeroed in on one target, the Public Service Loan Forgiveness program, a ticking time bomb set to go off this October.