Whoops! New study says Biden’s Slacker Debt Relief Plan to cost $1 Trillion
A tad more than advertised.
Link: https://www.wsj.com/articles/bidens-student-debt-forgiveness-plan-may-cost-up-to-1-trillion-challenging-deficit-goals-11662370201
Replies to: Whoops! New study says Biden’s Slacker Debt Relief Plan to cost $1 Trillion
It’s interesting who makes the $ at teaching universities. It’s not the tenured profs.
There’s a theory among some economists that more people will need to work for the government given efficiencies brought about by technology.
Problem is it leads to the type of thing we’re seeing in the tax-exempt education industry. This doesn’t seem good for the country in any way.
Yale has more administrators than undergraduates.
All of the money generated by student loans has been captured by the bloatocracy at universities.
If we are going to forgive any student loans we should make the schools pay half the cost.
Link: https://yaledailynews.com/blog/2021/11/10/reluctance-on-the-part-of-its-leadership-to-lead-yales-administration-increases-by-nearly-50-percent/
My wife works at UM, and the HR people make more than the profs. You are spot on.
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