What they are reinventing is a bunch of entitled parasites that expect to be given anything and everything they want because they are a special class.
Why don’t the professors and administration take 20% pay cuts?
Colleges are leftist institutions now. It should be no surprise - in the end, the left benefits from student loan debt relief. They name the (exorbitant) price for (mostly worthless) degrees, and taxpayers pay the cost. No risk, no competition, immune from the laws of economics, everything guaranteed. It has turned into an indoctrination scam.
The law should be changed - no federally guaranteed loan for any student attending a university with >$100 million in endowments. Let them use their alumni money to support their educational cause. “Give back” ... “On the shoulders of others” ... “We’re all in this together” ... blah blah blah