Bloomberg's Corporate Higher Ed Plan

Quotes from The Intercept:

Who would be tougher on student loan repayment than Betsy Devos? 

The plan also goes backward in some places and would also slash the benefits borrowers receive under an income-driven student loan repayment program, capping the amount that can be forgiven after 20 years for people in income-driven repayment plans. Currently, there is no cap. 

Whose plan would likely devastate enrollment at HBCUs and tens of billions less in financial assistance than Sanders or Biden or Warren?

Another plank of the oligarch’s higher education plan commits to tripling direct federal Title III funding to historically black colleges and universities, Hispanic-serving institutions, and other minority-serving institutions. But that increase amounts to just $7.5 billion over 10 years, while former Vice President Joe Biden, for instance, has proposed $70 billion in that sort of funding, and Sanders has pushed for $50 billion.

Despite the promise of additional funds, Bloomberg’s plan may rankle HBCUs. When the Obama administration made a similar proposal around free community college, HBCU leaders warned that the alternative would likely be taken by a substantial number of students who’d otherwise have gone to an HBCU, devastating enrollment. Biden’s plan covers community college or provides full grants for two years at an HBCU or equivalent HSI.

Who would use higher ed as a jobs training program to save corporations money?

The plan also includes an apprenticeship proposal that is geared to the private industry, which is likely to anger union leaders. . . .

. . . . Corporations over the previous decades have essentially ended their efforts at workforce development, pawning that off on workers. Instead of offering higher wages to encourage an increase in the supply of labor in particular fields, companies have instead complained about a “skills gap” and pushed for the federal government to subsidize training programs and even the wages of workers. Bloomberg’s plan sympathizes with those companies.