IIRC, the same goes for serving in Ameri-Corps or Peace Corps, or whatever they call it these days I see this as a money laundering scam.
1. Student pays exorbitant tuition fees to attend college.
2. College professors receive increasingly higher salaries and benefits.
3. Student loans are forgiven by government.
4. College professors very active in donating to election campaigns .
5. Taxpayers pick up the tab for higher education of an increasing number of fanciful liberal arts majors.
I see this as a money laundering scam.Oh, it's more than that. It's all about controlling someone's behavior via extortion.
How long before the gubmint offers a reduction in student loan debt for:
- Buying a "green" car.
- Selling your car and using only public transit.
- Installing a "smart" thermostat ... controlled by Zero.
BTW, why has no questioned the exorbitant tuitions schools charge these days, when so many have billions of dollars in their
endowment funds?
Harvard alone has over $30 BILLION.