Speaking during a town hall meeting in Iowa Thursday, Republican front-runner Donald Trump told the crowd the way to make college affordable for students is “to start some governmental program.”
“Well the only way you can do it is you have to start some governmental program and you have governmental programs right now,” Trump told the crowd.
“They go, and they work, and they take loans, and they’re borrowed up, and they can’t breathe, and they get through college and the worst thing is, they go through that whole process and they don’t have any jobs,” Trump continued.
“You know the one program that the U.S. makes a whole lot of money with is student loans,” Trump added, “and that’s maybe the one program they shouldn’t be making money with. So we’re going to have to start a program. We’re going to do something very big with loans because you have to get these people going. They really feel down and out.”
Asked for specifics, Trump went on to say, “we’re going to do refinancing for people who have loans who literally can’t do anything.”
In 2013 alone the federal government made a profit of $41.3 billion on student loans.
The federal government took control of the student loan industry in 2010.