As reported by the Wall Street Journal, The Association has just heard the news on the resignation of the Department of Education’s Chief Strategy and Transformation Officer.

Following his resignation announcement he said “the system is broken‘.  One needs to look at the other side of the coin.  If the person resigned from his post after taking the helm for two years then the question is why did he resign now, if he knows the system is broken at the first place?

His role to add the burdens to the loan borrowers is noticeable.  By resigning, it does not make everything turns to white again.  In fact, as the DOE Chief strategy, he played important role to delay the implementation of student loan forgiveness policy.

Interestingly, now he supports what the candidates’ for the 2020 big dance have proposed on handling the loan debt.  Is this a coincidence?  Or it is because he just aims for a possible future position when one of the candidates get elected?

It does not take Einstein’s brain to understand that the system is broken many years ago.  Researching and analyze past data, the Association has shared the conclusion that shows clearly systematic errors and moral hazard are the culprits of the whole mess.

Toward the end, it is the sanity that rules, not otherwise.