Second, colleges have to realize they can't be everything to everyone. Not all majors need to be offered.
Third, require "professors" to actually teach and not pawn it off to a grad student.
Table 2. Married Filing Joint Taxable Income Tax Brackets and Rates, 2019
Rate Taxable Income Bracket Tax Owed
10% bracket:
$0 to $18,650 10% of taxable income
15% bracket:
$18,650 to $75,900 $1,865 plus 15% of the excess over $18,650
Using the std deduction of $25K, taxes on $50K - $25K = $25K are: 10% on first 18.6K = $1860 +
15% of $6.4K = $1,000. Total taxes = 2,860 - child tax credits of $500/kid. Lets say 2 kids. then total taxes owed is around $2,000. An effective tax rate of 2/50 = 4%.
Solution to student debt problem:
1) Cap borrowing for college at $10,000.
2) Cap borrowing for attending degree mills, nail & hair colleges, etc. at $0.00.
3) Tax university professor and staff income over $100,000 per year at 100%.
4) Require a personal finance course for high school graduation.
The article doesn’t even mention that many (most?) of the degrees earned with borrowed money aren’t worth the sheepskin they used to be printed on. Why the hell should any taxpayer be forced to pay for someone’s useless degree in “Gender Studies” or “Queer Studies”?
Even worse, we would essentially be paying our enemies to destroy us. The only things that people who earn these worthless trash degrees can do is teach it to other impressionable skulls full of mush or become a “community organizer” to the same end.
Just wait until somebody with such a trash degree gets elected to Congress. We ain’t seen nothin’ yet on stupidity in Congress.
STOP pushing the stupid notion that everybody needs a college degree and channel 3/4 of the prospective students to useful trade and vocational programs.
Stay out of college (with reasonable exceptions). Just say no.
A salmon that can’t swim upstream is not a good salmon.
You don’t have a healthy society if everyone can just ride the current, especially our young people.
Colleges will raise prices as soon as college is “free” and costing taxpayers more and more while the college admins rake in the money.