Are places like Harvard or UVA just hedge funds masquerading as universities? Take Harvard, where $40.9 billion is under active management in its endowment, and it buys things like vineyard water rights.
The school to prison pipeline has been surpassed by the school to debtor’s prison parkway. High schools have failed inner-city and rural kids so now they kick education down the road to the colleges and tell every kid they must attend college. The brainwashing starts in grade school. Calling them “public” schools is the real propaganda. They are government schools.
Yes, we are told that college is necessary for success, and if you can’t afford it, well we have these things called ‘student loans’ backed by the US government. In essence, the biggest predatory lender is the US government.
Progressive Democrats like Elizabeth Warren and Bernie Sanders seek to gain power and buy votes by addressing symptoms, not root causes of problems. Making college “free” would make it even more expensive.
The problem with college debt is that colleges are “selling” educations that are more expensive than they are worth. If people received jobs that validated the costs of those educations, they’d be able to pay it back with no issue.
Students and their parents are not understanding return on investment of education and taking out far too much debt versus the product’s worth.
This is made worse by the government being willing to lend with no direct criteria (for example, loaning more for an engineering degree vs. a Gender Studies degree).
Forgiving college debt on the tax payer’s dime does not address these problems and shirks personal responsibility, transferring it to other people. If there should be any responsibility transfer, it is to the colleges.
Let the colleges forgive the loans, since they sold ones that didn’t generate an ROI.
Next, and more importantly, get the government out of the lending game, make colleges have skin in the game, increase education and transparency on ROI of education debt and debt in general and allow loans to be tied to relevant factors (GPAs, degrees, etc.).
It’s not just college though, the same goes for healthcare. We need to address the cost of healthcare, not just try to make it “free”, which we know will ultimately bloat costs and decrease quality.
Example: What are the costs for the following procedures on average?
Lasik surgery, breast augmentation, and knee replacement.
Lasik-less than $2k an eye, breastwork is $3700 (less than $2k a boob),
but knee replacement is averaging $49,500 per knee (around $100k for both knees).
Knees are covered by health insurance but boob jobs aren’t. It’s a competition. Allowing for competition, transparency and having the recipient pay brings costs down.
The left is good at pointing fingers, but they are not addressing the root causes of problems to find solutions. We have to stop throwing money at symptoms.
Warren knows this, and Grifter Bernie doesn’t care to understand it- it’s not part of his game.
This is not just a Democrat problem. The Republicans are just as bad. They have not been able to put a simple healthcare plan forward that could pass Congress in 15 years, during which time they have whined about the ACA like little children.
When it is all said and done, we need free-market solutions. Competition and transparency bring prices down and quality up.