Posted on 09/05/2022 10:36:36 AM PDT by grundle
By Daniel Alman (aka Dan from Squirrel Hill)
September 5, 2022
I’m against student debt forgiveness.
But since it is happening, I have one question:
Why are Democrats funding student debt forgiveness with money from innocent taxpayers, instead of with money from the fraudulent colleges that sold worthless degrees?
According to the U.S. Bureau of Labor Statistics, between 1980 and 2020, regular inflation has caused average prices to increase by 228%.
However, during that same time period, college tuition has increased by 1,184%.
The student debt bailout is paying for hot tubs, spas, rock climbing walls, steaks, and movie theaters.
Source: https://www.forbes.com/sites/caranewlon/2014/07/31/the-college-amenities-arms-race/
Another area where colleges waste money is in the worthless policy known as “diversity, equity, and inclusion.”
The Federalist wrote:
“Some universities had strikingly large numbers of people with DEI responsibilities in their job titles. At the University of Michigan, for example, 163 people have formal responsibility for providing DEI programming and services. The University of North Carolina at Chapel Hill has more than 13 times as many people devoted to promoting DEI as providing services to people with disabilities. Georgia Tech has 3.2 times as many DEI staff as it does history professors. The University of Virginia boasts 6.5 DEI staff for every 100 professors.”
The Center Square wrote:
“UC Berkeley employs 150 professionals and 250 additional students dedicated to addressing “systemic inequities,” according to a document obtained this week by The College Fix. The public research institution’s Division of Equity and Inclusion spends $25 million annually to support the 400 full and part-time staff to run diversity and inclusion-related programs, according to the document, an eight-page job description for a new Vice Chancellor for Equity and Inclusion.”
So the real problem isn’t a lack of bailout money.
The real problem is that colleges are spending money on frivolous luxuries that have nothing to do with education, such as hot tubs, spas, rock climbing walls, steaks, and movie theaters, as well as on left wing brainwashing known as “diversity, equity, and inclusion,” with its overbloated budgets to pay huge numbers of employees who job duties have nothing to do with education.
Bailing out student loans doesn’t address these huge wastes of money.
On the contrary.
The bailout only gives colleges an incentive to raise their tuition even more.
I wish that Democrats would answer my question: Why are Democrats funding student debt forgiveness with money from innocent taxpayers, instead of with money from the fraudulent colleges that sold worthless degrees?
Exactly what I said on day 1. Or at the very least close down those schools...just like they did private for profit schools.
bttt
Interesting question. One answer to the problem could be offering financial aid for degrees in science, engineering, education, nursing, business and other practical fields. People who want to study gay studies and the like should pay for it themselves.
That’s how it’s done in Hungary. I know two kids studying there now. One is in an M.D. program and his sister is in nursing. Their school is paid for. They wouldn’t get money to study sociology or recreational studies.
Answer - because the fraudulent colleges are large supporters of the Democrats…..,
yep, a special tax on college endowments seems to be in order.
The largest chunk of that tuition increase went to new administrators, not instructors. And of that increase, many new administrators were hired to make sure they institution was in compliance with all the Federal rules that have been imposed. Some are “grant” administrators to oversee that the faulty obey all the federal rules. Others a “equity” administrator who must insure that the institution follows all of the rules that apply to faulty and students.
Someone needs to go through the university personnel files and count how many are faculty who actually teach (i.e., classroom hours) and how many are admin types or pure researchers who never see the inside of a classroom. Compare those stats over the past 40 years.
Government-funded student loans were never designed to help students. They were designed to subsidize the schools. That’s why nobody gave a sh!t about the quality of the education or the creditworthiness of the borrowers.
Liberal arts curriculums are a scam designed to put students in debt for half their lives, and now the government is getting in on it.
Well did you ask any?
"Writing" about it on your blog won't do it.
Nobody is going to read that mess.
As Charlie Kirk said, “Universities are hedge funds with schools attached.”
The universities gleefully exploited dumb 18-year olds for their “student loan” dollars.
Take the “reparations” out of the universities’ hides.
Why not treat these schools at least as bad as an oil company that has an ACCIDENTAL oil spill?
You're still mad about flunking out of blog school, huh?
I have always been of the opinion that a degree (all 4 years) should not cost more than the average wage of a person working in that field where that degree was required 3 years post-graduation. That requirement would weed out people that got a degree in gender studies from being part of the average unless a degree in gender studies was required for their job. Every year the college should have to do the survey of all graduates from 3 years prior, and use that to determine which students were in their field, and the max tuition. If the student was charged more than the max, then the university would be required to refund the difference, plus interest at 1pt higher than the student loan rate. The coup-de-gras would be that the university would have to publish the study annually, so people could see how utterly worthless some degrees are.
Most leftists think that higher education should be tuition free. When I point out that when something is free that’s what it soon beomes worth! They then get all huffy and cite the k12 public education system, of course not realizing they just made my point.
Given this they view “loan forgiveness “ as a first step in moving towards a free higher education entitlement.
Because the libs think the only college that sold worthless degrees was Trump University.
Because the student loans will vanish immediately. The people who pay for this will not feel it for a while.
now now, Cornell doesn’t get a multi billion endowment trust fund by spending it silly...
Universities ... the left ... truth in lending? Never happen.
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