Posted on 10/29/2019 10:17:56 AM PDT by LesbianThespianGymnasticMidget
Fox News host Tucker Carlson floated the idea Monday on Tucker Carlson Tonight that universities and their large endowments should shoulder the burden of repaying student loans, not students and their families.
Carlson opened the segment discussing a recent poll showing communisms widespread popularity among millennials, calling it a huge problem that needs fixing.
Believe it or not, its not the main problem, he added, gearing up for his main point. The main problem the reason that capitalism increasingly is discredited and socialism is increasingly popular is that our current system is making young people poor.
...
Instead, Carlson called for making the higher education institutions that had perpetuated this scam foot the bill.
Harvards endowment is $40 billion. Yales endowment is $30 billion. Lets start there, he explained. Whats clear is we need to move the crushing financial burden of student debt off the shoulders of middle-class families and 22-year-olds and back to the people who have gotten rich from it.
Thats an idea that every sensible person can support. In fact, theres a big political payoff for any politician wise enough to adopt it. The candidate who promises to make colleges ease the student loan burden, without question, will be the next president of the United States.
(Excerpt) Read more at dailycaller.com ...
Agree!
That’s acceptable.
Still some changes must be made so that “hobby degrees - like Estonian Underwater Ceramic Studies” are either not on the taxpayers dime or minimally so. The Bureau of Labor generically has the information as to what fields the economy needs taxpayer funding needs to reflect that.
I saw this on Carlson. The snot nosed kid he was interviewing is also a smart ass. I skipped over it when they got to confiscating things. Bizarre and foolish.
I’m simply not believing borrowing so much is required to get a college degree. You buy what you can afford or don’t buy it at all.
It was well over 40 years ago now but you couldn’t get much more without means than I was. I worked my way through school. Most years I worked at least 40 hours a week, about half of it on weekends. Summers I worked construction and welded. Jobs were hard to come by and I am grateful for the help in finding them that I got.
My high count for credit hours was 21 and all the classes had time consuming labs. My average semester was 18 hours. I had to finish in four years because I could not sustain the pace of work and school. I was also really tired of being broke. A date with my future wife was about saving ten bucks a week for a meal or a movie. I got my engineering degree and went to work for Exxon where I carried on at the same pace. It served me well and I never had a penny of loans except for my truck that I paid for in the first few months after I went to work.
Later, I went to graduate school on my time and my dime.
An ivy league school was never in my sights. It was simply out of my reach and not in my needs.
Burdensome school loans are nothing but boo hoo BS and bad judgement or champagne taste on less than a beer budget to me. Cry me a river.
The universities raised that money to further the cause of higher education by paying for buildings and stuff, paying for endowed faculty chairs, granting scholarships, etc. They produced some students who say they can’t get a job that allows them to repay the loan, so this would be like a retro-scholarship. Or consider it a sort of warranty - you pay up front to get your overpriced degree and if you can’t pay it back, we’ll give you a refund.
Interesting idea.
Not only endowments, RealProperty too!
The education establishment is bloated sucking dollars from students and taxpayers.
Let’s put it on a diet and then require it to fund the students itself. Each school can hold the financial paper on each student and collect. WIthout the bankruptcy exemtpion clause that every other business contends with.
Yes dear and you walked uphill both ways on your trip to school.
However the financial world of schooling has changed and the schools are to blame. It was their lobbyists that worked on the legislation that crippled a generation.
They should pay, and pay big, with loss of endowment monies and properties and be required to hold the loans on future students without that exemption from bankruptcy.
They need to make teacher’s unions pay too because they push that “you have to go to college” BS.
I thought this guy was supposed to be a conservative. Conservatives believe that borrowers should be the ones to pay off their loans.
ML/NJ
Dont forget the socialist guest in that segment thought it was a great idea and. Ould be extended to gun manufacturers. It went by fast, so many may not have heard it.
Sooooooooo I’m gonna say no.
Want to see a socialist? Look in the mirror.
This is EXACTLY what should happen. Further, if phony Bernie wants to destroy billionaires, ask him why he doesn’t want to take apart tax-free multi-billion dollar university endowments - while average citizens fight to support their children’s education.
I saw potential in the idea of just letting the university be the one to deal out the loans to any accepted student, and making them automatic co-signers to any that are approved.
If the student defaults, then the university is on the hook to the government. Hopefully soon it will be the banks that do this, not taxpayers.
Universities will then beva bit tighter in whom they admit and what degrees they offer.
Sometimes I wish I had his platform. I’d call for getting the insurance company boots off everybody’s necks.
I’m against “free college” and writing off student debt to the taxpayers.
But if we are going to do it, we should nationalize the universities now. If we don’t actually take ownership of universities, we should regulate every thing about them. This should include admission standards, what fees students can be charged, what courses must be taught, and what professors and administrators can be paid.
If the progressive “educators” are going to teach socialism, give it to them first. First and hard.
It is a start as Tucker noted.
--before this really happens , we will see a great push to make "gun companies" "liable" for any sore of "gun crime"--i.e., put them out of business--
Those are valid factors. I would add the push to have everyone attend college and the tendency of public schools to dumb down their graduates so they arrive at college at the knowledge level which used to be required to graduate the sixth grade.
These institutions consistently, and in lock step, raised tuition and room and board costs at percentages significantly higher than inflation (as measured by the Consumer Price Index) for years with no explanation or apologies. They also developed grant writing into an art form to raise more money from the government (i.e. we the taxpayers) for hoax causes.
It is now time for them to pay their fair share!
Anytime you get rid of direct payment this kinda stuff happens. Insurance, Education, Gov Housing, etc...
What the market will bare is a lot higher when it isn’t a direct pay situation. Student loans are such a situation.
Better idea for Tucker. Make each institution invest in their students at a risk. Each institution lends the students the money to attend the school. The loan is interest bearing but, like Stafford Loans, accrues no interest during the time the student is getting his degree. Upon graduation or dropout, the loan must be repaid to the institution. L
I wonder, if their own money was at risk, would institutions of higher ed really want to risk their money on a “women”s studies” major being able to repay? I doubt it. If these Colleges and Universities had a skin in the game, you can get your arses that they would be changing their tune PDQ.
Of course, it would never happen. Even if this system were adopted, the Leftist States and the Dems in the Fed Government would be constantly seeking ways to bail out the Colleges and Universities in the name of “education.”
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