Posted on 10/29/2019 10:17:56 AM PDT by LesbianThespianGymnasticMidget
Fox News host Tucker Carlson floated the idea Monday on “Tucker Carlson Tonight” that universities and their large endowments should shoulder the burden of repaying student loans, not students and their families.
Carlson opened the segment discussing a recent poll showing communism’s widespread popularity among millennials, calling it a “huge problem” that needs fixing.
“Believe it or not, it’s not the main problem,” he added, gearing up for his main point. “The main problem — the reason that capitalism increasingly is discredited and socialism is increasingly popular — is that our current system is making young people poor.”
...
Instead, Carlson called for making the higher education institutions that had perpetuated “this scam” foot the bill.
“Harvard’s endowment is $40 billion. Yale’s endowment is $30 billion. Let’s start there,” he explained. “What’s clear is we need to move the crushing financial burden of student debt off the shoulders of middle-class families and 22-year-olds and back to the people who have gotten rich from it.”
“That’s an idea that every sensible person can support. In fact, there’s a big political payoff for any politician wise enough to adopt it. The candidate who promises to make colleges ease the student loan burden, without question, will be the next president of the United States.”
(Excerpt) Read more at dailycaller.com ...
This issue just got very interesting.
Instead, Carlson called for making the higher education institutions that had perpetuated “this scam” foot the bill.
“Harvard’s endowment is $40 billion. Yale’s endowment is $30 billion. Let’s start there,” he explained. “What’s clear is we need to move the crushing financial burden of student debt off the shoulders of middle-class families and 22-year-olds and back to the people who have gotten rich from it.”
“That’s an idea that every sensible person can support. In fact, there’s a big political payoff for any politician wise enough to adopt it. The candidate who promises to make colleges ease the student loan burden, without question, will be the next president of the United States.”
About time,30 billion dollar endowmwnts,untaxed!
Oh oh
That would throw a wrench into THE BIG DEMOCRAT PARTY MONEY MAKING MACHINE.
Is what it is. Our daughter (my step daughter) was the valedictorian of her class. 33 on the ACT test. Had a 5 year full ride to Oklahoma University. FREE. Her dad convinced her she should borrow as much money as she could because the interest rate was cheap, and then they invested it in some moron's startup business. Yep... she lost all of it. And we did not bail her out. She paid on it for about 18 years to get it paid off. (her dad is a loser who couldn't buy them both a big mac)
It is what it is.
I understand the urge, but I consider it a bad idea for the government to tell anyone, “I see you have some money — let me explain to you how you are going to be spending that …”
The banks don’t do student loans anymore. The government handles student loans. Perhaps the government should look to the government, and tell the government, “Let me tell you how you will loan money more intelligently …”
Tax the rich - Harvard, Yale, Brown, Collagete, et all are rich
Lift the restriction on filing bankruptcy on student loans, except when bankruptcy is filed the college is forced to pay back the loan.
I suppose those who have paid off their student loans and showed responsibility in this area will get no sort of reimbursement.
Hardship builds character if you allow it to. The constant bailing out of our generation from consequences of their own actions has restricted many young people from growing as humans.
University professors, some of whom are barely literate themselves, many teaching useless, made-up subjects, get 6-figure salaries, gold plated benefits and push the work down to underpaid grad students - then they stir students into protesting the cost of education.
The government should not be involved in any way, shape, form or fashion in student loans.
That’s what I’ve been calling for. It only makes sense. If these institutions are not educating people enough that they can afford their student loans then they have failed and not delivered what they promised. They have billions in endowments and yet they expect the taxpayer to pick up the tab.
They should not be accepting anything other than the most promising students. If they want diversity, they should pay for it. Diversity has nothing to do with skin color
Well, I won’t disagree with that.
My point is that the government has screwed up college loans and convinced a whole generation to go deeply into debt, and the “fix” that the government has in mind is to reach out and control the endowments of private colleges.
More government isn’t the solution. Less government is the solution. I agree: Get the government out of the student loan business.
Ok, I am sympathetic. However how can you take the property of universities (particularly private universities!) to pay this off? The public was stupid enough to think college loan money grows on trees with no strings attached. This seems to be as socialistic as the socialism Mr. Carlson wants to fight.
I think they only solution is the country takes a haircut (I just can’t see any other way around it!) on this and you suspend the student loan program for a minimum of 5 years. Doing away with it entirely is my preference but probably politically unfeasible, you re-write the new program so its STEM and “what’s-needed” heavy allow trade schools (if not already allowed!) & put the school’s skin in the game! Maybe with a sliding scale the more esoteric (economically) worthless the degree the more the school is on the hook!
Just make it dischargeable in bankruptcy again, like any other kind of debt. That will throw the burden back on the taxpayers, but it takes the issue off the table for the Communists.
Total student loan debt is currently $1.5 trillion.
You could strip both Harvard and Yale of their entire endowments and you'd just go from $1.5 trillion to $1.43 trillion.
get the Govt completely put of the loan business.
Then things will change radically. Tuition will drop.
The cost of various majors will change. And I suspect many non viable “xxxx studies” will go away completely.
As loan companies will likely NOT get paid back, if a student can default on the loan. They will likely NOT pay for non viable degrees.
BIG OIL - BAD
BIG PHARMA - BAD
BIG COLLEGE - GOOD
BIG GOVERNMENT - GOOD
ORANGE MAN - THE BADDEST OF THEM ALL
The internet is the greatest accumulation of knowledge ever assembled and is for the most part free and accessible to everyone. The idea of paying to be taught for the purpose of obtaining a worthless pedigree comes from an academic industry that preys on the stupid.
>>>Just make it dischargeable in bankruptcy again, like any other kind of debt<<<
Nope, unless the Colleges themselves loaned out the Money, which wouldn’t happen in a million years.
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