The universities are sitting on BILLIONS in endowments.
They got the money the students borrowed.
The colleges and universities can repay the student loans from their massive endowments.
The worthless degrees they issued are not giving former student/borrowers the income to repay the loans.
That sounds like a reasonable solution that keeps the hands of the student/borrowers out of the pockets of the U.S. taxpayers.
The colleges received the money. They can pay it back as the indebted former students got nothing of value in taking out the loans.
This is FRAUD on a massive scale and the thieves (colleges) are picking the pockets of American taxpayers through this fraud.
“The worthless degrees they issued are not giving former student/borrowers the income to repay the loans.”
Victor Davis Hanson makes this point all the time. He thinks there ought to be some guarantee or warranty on those degrees. At the minimum, colleges should provide some ROI numbers when kids select a major.
“So you want to major in ‘Intersectionality and Grievance Studies’? Did you know that your ROI will be negative forever?”