Viral claim says Trump is banning student loans for low-paying degrees — there’s more to the rule

Part of the Trump administration’s plan to fix higher education found one outlet claiming bans were inbound while doomsaying about the impact on “important” work.

Much like the value of the dollar itself, for years the worth of a college education has continued to decline; at the same time, students have taken on increasing amounts of debt to finance their pursuit of liberal arts. Now, the taxpayer-backed gravy train looks to be coming to an end as President Donald Trump’s Education Department set a new rule barring federal loans for degrees that lack a return on investment.

Covering the rule set for 2027, The New Republic claimed “Trump is banning students majoring in degrees that don’t make enough money from taking out college loans,” before bemoaning “Degrees for social work, art, religious studies, teaching aides, and music will be hit the hardest.”

The outlet went on to write, “While the Trump administration is framing the policy as ‘accountability’ for higher education, and some are welcoming the move, others see it as an attack on those whose work is important regardless of salary.”

According to a report from the Los Angeles Times, the rule is expected to impact a third of programs in for-profit schools but only about 3% of those in nonprofit colleges and universities. All told, 4.2% of students receiving federal loans are expected to need a new way to fund their education.

To implement the rule, IRS data will be used to compare the salary of degree-earners four years after completing their studies to the median salary of those holding only a high school diploma aged 25- to 34-years-old. Likewise, loans for graduate programs will require earnings outpacing the same age demographic of those holding bachelor’s degrees.

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Institute for Higher Education Policy vice president of policy Diane Cheng told the Times, “It’s kind of a baseline expectation for students that no matter what type of program they pursue that they should be better off because of the investment that they’ve made.”

Despite the screeching about supposed bipartisan concern by The New Republic, the Times indicated that the policy “has relatively broad support, with some student advocates saying it should be tougher.”

As to the suggestion that the Trump administration was “banning” students from pursuing underwater basketweaving or women’s studies, reactions called out that no such ban existed and that schools remain free to offer such programs and figure out how to pay for it on their own.

Additionally, Liz Wheeler, conservative commentator and host of “The Liz Wheeler Show,” reacted, “I have zero problem with this because taxpayers end up paying for the defaulted loans anyway. The more we do to stop subsidizing the indoctrination of kids at college the better. I’d rather all these chicks be waitresses than women’s studies degrees.”

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Kevin Haggerty

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