How would you solve the student debt crisis? (user search)
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  How would you solve the student debt crisis? (search mode)
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Author Topic: How would you solve the student debt crisis?  (Read 3169 times)
Derpist
Jr. Member
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Posts: 997
Political Matrix
E: -5.29, S: -2.96

« on: April 02, 2016, 12:44:04 AM »

Change the laws to let people discharge student loan debt.

Of course, I don't want to see the same exact loan bubble pop up again. Any college that doesn't disperse its endowment should lose its non-profit status. Most major private universities are just hedge funds with schools attached. Heck, any college that charges too much for tuition (not sure how too much will be determined but whatever) should also lose its nonprofit status. If college administrators cry and moan, tough luck.

Ironically, many of those who profit from our corrupt, wealth-driven university system...are the same university people voting for Sanders. Though that might not actually stop him from reforming the system if he were put in a position to do so.
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Derpist
Jr. Member
***
Posts: 997
Political Matrix
E: -5.29, S: -2.96

« Reply #1 on: April 02, 2016, 08:42:14 AM »

Ironically, many of those who profit from our corrupt, wealth-driven university system...are the same university people voting for Sanders. Though that might not actually stop him from reforming the system if he were put in a position to do so.

Your typical high-level, six- or seven-figure salary university administrator (or board member) is basically a textbook Clinton supporter/bundler.

The "education-industrial complex" has been firmly embedded within the Democratic Party's infrastructure for a long time. Some of this influence has been benevolent, other parts... not so much. That's just how interest group politics work. Unfortunately, the interests of students have never been organized enough or well-financed enough to serve as a counterweight to that influence in state or national politics.

To quell my curiosity, I just looked up university trustee donations.

I was actually wrong and you were right about their political leanings. I stand corrected.

Though I don't see anything benevolent about it. These are the people who have created the student loan crisis and all of the misery that has inflicted our students. They are disgusting since they're just a more successful version of Wall Street.
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