Here’s an idea: have the government seize the endowments of these schools to pay back the amount the schools overcharged on tuition.
I am not a fan of the government seizing assets, but in this case the money originally came from the student loan program. Some schools have millions of dollars in their endowments.
Also they can stop overpaying the faculty. Some of the higher ups make over a million a year in salary.
>>Here’s an idea: have the government seize the endowments of these schools to pay back the amount the schools overcharged on tuition.
That’s exactly what should be done, not make taxpayers foot the bill.
I don’t know if there was such a thing as “student loans” when I graduated from high school, don’t remember any mention of it.
But I do remember they had already started the “you have to go to college if you are ever going to amount to anything” BS, so I can’t help but feel like a lot of these are kids who got conned by the education system into taking out loans they were never going to be able pay back.