One reason why we have a massive debt problem in this country is because public universities are no longer supported on a per-student basis by their state legislatures to the same degree that they were supported 30 years ago.
Posted on 10/29/2019 10:17:56 AM PDT by LesbianThespianGymnasticMidget
BTW, the guy Tucker was Interviewing also thought that Firearms Manufacturers should be the ones paying to “buyback” Assault Weapons, not the Taxpayers.
I guess he equates Student Loans with our God Given Constitutionally Protected Rights.
Heck, I like this better than sticking my family & I the bill for someone else’s debt. At least the universities are stakeholders in the “cycle” and will get some of the loot back in tuition.
It would be great.
It’s what my beloved and I have been thinking for years.
They caused pain and leftist thinking.
It would be wonderful for it to bite them in the tush in such a magnificent manner!
It’s a stupid “feel good” idea. As much as we hate the uber rich Ivy League schools and their liberal screed, they are not the problem with student loan debt. Their students are not having a problem paying off their huge debts. It’s primarily the middle and under class masses going to public universities, going into debt for worthless degrees that put them in the same income bracket as a high school dropout.
Follow Responsibility2nd’s idea and get the government out of the lending business. If you go to a bank and ask them for a loan for a worthless social justice or liberal arts degree and a 4 year party, they will deny it. No debt, problem solved. Let capitalism stop the predatory marketing of higher education.
BTW, once you get a “worthless” degree in gender studies, race studies or social justice, guess what the easiest path to a steady paying job is? That’s right, get your teaching certificate so you can brainwash children.
Socialism/communism is spending other peoples’ money. Taking endowments is spending other peoples’ donations. Free market is letting students get burned by their chosen unemployable degrees and imported cheap labor so that they vote while spitting fury....for as many years as they are under water.
Pay off gender studies graduates debt and you will get more of them...to feed.
Total endowment assets in the country for all colleges is nearly $500 billion
I agree with the idea.Make colleges co-sign student loans. If the student can’t get a job to pay the loan, then the college days it out of its endowment.
A much more fair solution than sticking it to the taxpayers.
If young folks want to effectively demonstrate, it should be against their over-endowed universities, which are robbing their souls, and their bank accounts.
I have an even better plan, though, that would likely be legal: Require all universities to fund student loans for their own students from only their own endowment funds. What a better way for universities to prove the value of their students but by funding their student's own college loans. You better believe that the frivolous programs would instantly end, and only programs with economically viable degrees will continue. Not only that, but only students that can actually graduate will be given loans.
So if we confiscate all of it, we're 1/3 of the way towards wiping out existing debt.
Never mind the new debt that will be accumulated yearly.
Apply the same standards to public and private colleges that they applied to commercial colleges .... refund of tuition by the schools if students don’t succeed.
The universities with big endowments spend a huge amount on scholarships and other financial aid.
It isn't money that keeps people out of Harvard or Yale. I've known people of very limited means who got pretty much a free ride to Harvard.
This is just Tucker playing the resentment game.
No, but it certainly is fair to point out that universities are certainly part of the problem when it comes to running up this debt. And they should be part of ANY forgiveness by establishing databases of ‘borrowing ratios’ - percent of debt not being paid versus total debt assumed by their students, kind of a quality statistic that each college should publicly disclose to prospective students.
One reason that Ivy schools don’t have as much of a problem is that at many of them tuition is basically free unless you are in the top 3% of income as a family, due to their massive endowments.
One reason why we have a massive debt problem in this country is because public universities are no longer supported on a per-student basis by their state legislatures to the same degree that they were supported 30 years ago.
He stole that from me. Ive been saying that on here for months.
Your life story parallels mine in a different but in as scientifically challenging a sense: you, undergrad and grad Engineering; me, undergrad and grad Biochemistry. Education acquired simultaneously while working and raising families. Decades following upon years of what have become seasoned career accomplishments.
Chickensoup writes as though 4th grade was an intellectual struggle.
You can't fight academic socialism with more academic socialism. The government supported money-wagon has to be unhitched from the academy.
Do this by returning academic lending to banks only, qualifying borrowers -- be they students or parents thereof -- according to credit ratings, like before. Second, substantially limit amounts that can be borrowed from financial institutions for academic studies.
Universities have morphed themselves into 4-6 year socialistic indoctrination resorts whose largess in the end truly equips very few students with any gainfully employable skills-sets.
Strip these resorts and their powdered princes of the government price supports, and bring the price for delivering education down dramatically and to market levels.
Let the institutions that deliver the highest value academic product be the survivors of the academic washout that would surely follow the loss of government price supports.
FReegards!
Aliens have kidnapped his brain.
Amen. When you and your spouse pay for all of your kids’s advanced learning and plus your taxes for higher ed, let the universities pick up some of the tab.
Thanks. Lots of us have worked our way through school. I never felt alone or slighted nor bitter. In fact I am quite proud to have done it on my own like so many before me. It was just what some have to do if they want to have a shot at opportunities this country offered. Not all outcomes are the same.
There is a world of wants to be worked for but we certainly don’t need all of them.
Some people have an awful lot to learn.
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