Posted on 03/10/2020 5:14:35 AM PDT by CheshireTheCat
...All university endowments over $1 billion in size should pay their fair share in taxes to pay off student loans. A 25 percent–per-year tax on these tax-subsidized behemoths can go towards helping deal with the student loan crisis.
Any student attending a college with an endowment of greater than $1 billion is ineligible for student loans or federal student grants or scholarships. The combination of these two items will force the relevant universities to use their endowments to help students out rather than hoarding the money...
(Excerpt) Read more at americanthinker.com ...
“We need to change the law to make it easy to discharge student loan debt through bankruptcy.”
NOT FEDERALLY BACKED LOANS!! Not taxpayer should be forced to pay for another’s college debt.
Good catch/exception! I fully agree!!
I have a proposal. PAY BACK THE LOANS students......
What a ridiculous thing to say. Federally funded loans are defaulted on all the time, most notably Obama's buddies who defaulted on nearly 6 billion of 'green' energy loans. Federally backed home loans are defaulted on all the time.
I don't think that the federal government should be buying any of these loans by private parties. So I suppose end that first, then fix student loans, otherwise there'll be a stampede to sell loans to the feds.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.