Holding colleges accountable with market forces that keep nearly every other industry in check—rather than bailing them out at taxpayer expense—is the way forward.
The plan—which is set to unfold in October when the three-year student loan payment pause lapses—amounts to a de facto bailout paid for by taxpayers.shrinking monthly payments for many borrowers by both adjusting the equation used to calculate discretionary income and cutting the percentage borrowers pay in half. And it shortens the timeline in which loans are completely forgiven by 10-years for borrowers with balances of $12,000 or less, among other provisions.
In fact, plots to cancel student loan debt in mass exacerbate the problem. Bailouts are little more than a financing plan for colleges to continue spending like drunken sailors.found that spending at median flagship universities jumped by more than one-third between 2002 and 2022, with average per pupil expenditures rising by 15 percent. Meanwhile, the cost of tuition and fees for the average student increased by 64 percent during the same period.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Man shot, killed by Denver police was holding a marker, not a weaponThe Denver police officer who shot and killed an unarmed man during an alleged domestic violence incident earlier this month believed the man was armed with a knife, but he was actually holding onl…
Read more »
Boxes for border wall could become tiny housesCould the cargo containers from then Governor Doug Ducey’s improvised border wall become places to live for low income Tucsonans? That’s a possibility the City of Tucson may work to encourage.
Read more »
Kaley Cuoco reveals she has carpal tunnel syndrome from holding baby daughter MatildaAccording to the Mayo Clinic, carpal tunnel syndrome stems from a pinched nerve and can lead to “numbness, tingling, and weakness in the hand and arm.”
Read more »
5 Dangerous Consequences of Holding a GrudgeResentment could hurt you the most.
Read more »
'Big Bang Theory' actress Kaley Cuoco developed carpal tunnel syndrome from holding infant daughterSince welcoming her first child with actor Tom Pelphrey this spring, 'The Big Bang Theory' actress Kaley Cuoco has developed carpal tunnel syndrome.
Read more »
Gabe Gutierrez Joins NBC News’s White House TeamNBC News’s Gabe Gutierrez is joining the network’s White House team as senior White House correspondent. He’ll start next month as Kristen Welker, who has been a White House corre…
Read more »