I have an acquaintance who was once America’s #1 borrower of student loans. He made the front page of USA Today, a Life Chiropractic student. He bought a sailboat.
The stupid cost of tuition all a result of the same thing and gets back to those government sponsored student loans. If you put a ton of cash in the pockets of students, they can afford higher tuition, the colleges can overpay professors and administrators (aka academics whose side are they on?). What is the average college professor salary? Administrator? What was it 20 years ago?
So now I should pay for her. Hell no.
www.bestcolleges.com
You made my point. The amount colleges bring in is directly related to tuition amounts, which have almost doubled since 2000. Curious what average college professor salaries have done over that timeframe.Not out of line with their education level and what the universities pull in.
"Over the last decade, shifts in the average college professor salary in the U.S. have been minimal. Between the 2021-22 and 2022-23 academic years, the increase in average professor salaries was just 4% for all professor ranks at all institution types.
When adjusted for inflation, however, this shift actually represented a decrease — the third such dip in professors' salaries since recovering from the Great Recession. Prior to 2020, salaries had risen in the 3% range year over year for the past 10 years.
The stagnant nature of professor pay is surprising when compared with the rising tuition costs and increased pay for top executives at universities. In the last decade, college tuition has increased by approximately 46% while presidential salaries have risen beyond most experts' ability to track their rise."
How Much Do College Professors Make? | BestColleges
Tuition costs are increasing, as is pay for university presidents. But salaries for college professors are mostly stagnant. Rarely, a professor can earn millions.
www.bestcolleges.com
"it should be the colleges/universities that help them. They were the ones who ripped them off on highly inflated tuition fees over the decades."
He’s saying that the universities bear the cost of paying the debt not the tax payer.
Would have to get consent from every donor that expected their contribution to go towards libraries, buildings, and shit. You think donors will donate knowing their money will go to retire debt of those that couldn’t pay their loans back? Maybe didn’t graduate at all? Doubtful at best. Call it what it is. An insulting handout to try and buy votes from a specific demographic. A miscalculation in my opinion. They’ve lost the blue collar middle class. This won’t help.
Why would we care if donors donate to left wing institutions?
Mandate two years military service and provide college tuition.
I used GI bill to help me in the early70s. It didn’t pay much but every little bit helps. Also college kids were eligible for food stamps, but then eligible food products was very restricted in grocery stores.
Same thing with healthcare costs. As long as insurers reimburse what they are charging without pushing back it incentivizes the providers to keep increasing those costs, which leads to higher premiums to keep the cycle going.
That’s what needs to happen. Shut down the Department of Education altogether and let the states handle the education of their own students. And let private institutions like banks handle student loans.
I am not for student debt relief.
Where I come from, debt relief happens when you pay off your own damn loans!
And bar tabs accumulated while in school.
You don't pay for Public High School why pay for college? When I went to UGA tuition, books, dorm and a 2 meal ticket were $2,650 a year in today's dollars.
Man you sound like Stalin. People have a choice whether to go to college or not. You want the government to give you everything. People like you need to get off your ass and get a job.
A big portion comes from property tax that people pay at the end of the year, including myself. Then you have local, state and federal taxes.
I am a tax payer not a tuition payer for someone else’s kid. It is not the tax payer job to help your kid go to college.
America gonna steal from current and future Americans to give hundreds of billions away either way. Would rather it go to helping Americans financially than getting us closer to world war
It’s all about buying the votes of these college kids who took out loans. They are screwing us, so a big no for me. It was ruled illegal and unconstitutional by the Supreme Court, so there’s that as well.
Again, if we going to give it away anyways, always give it to Americans. They should rule funding Ukraine unconstitutional too
They aren’t giving away a damn thing. The taxpayers will be paying for that mess.
They are giving away everything. And it will not be free or painless
Unless there is some sort of fraud, no one should pay anyone's debt. The student took this loan believing the return on investment would be worth it. Unless people start seeing how overvalued they are this will just continue.
If they had loans forgiven they should be ineligible for any future student loans for life. AOC suggested those who have had their loans forgiven would then be able to afford returning to school. lol
I agree with that, but my thought is to stop all money handouts. This gen z generation already has a sense of entitlement unlike any other before. Let them learn about life so they can toughen up, before the real tough things hit them.
I'd be in favor of that. & Regarding AOC, she's hot but she's nothing more than a showman & a pawn for the far left
