Beauty school belongs in Trump’s higher education success story
The One Big Beautiful Bill Act, President Donald Trump’s signature legislation, contains a provision to stop universities from being able to receive federal loans for degrees that don’t pay off, sparing students and taxpayers alike from having to foot the bill for useless majors — part of why the act is also known as the Working Families Tax Cuts.
TL;DR
- The 'One Big Beautiful Bill Act' aims to prevent federal loans for degrees that do not pay off.
- The act is also known as the Working Families Tax Cuts.
- Current implementation may target cosmetology schools instead of underperforming university programs.
- Cosmetology schools account for only 0.5% of the government student loan portfolio.
- Average cosmetology student debt is between $10,000 and $14,000, half that of an average undergraduate.
- Nearly 55% of liberal arts majors are underemployed after graduation.
- The act makes majors with lower average salaries than a high school graduate ineligible for federal funds.