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Home Front: Politix
Warren Wants to Give $50 billion to colleges where students historically default on student loans
2019-04-26
[Daily Caller] The majority of historically black colleges’ graduates haven’t paid a single dollar of their student loan balance in the first several years of leaving school, federal data shows.

Democratic presidential candidate Sen. Elizabeth Warren’s college plan reserves $50 billion for minority-serving schools.

The majority of the 100 schools with the worst rate of three-year student loan repayment are historically black colleges and universities (HBCU), but only 5 percent of schools are HBCUs, The Wall Street Journal reported April 17.

Warren ‐ a former Harvard Law School professor ‐ proposed setting aside $50 billion for HBCUs and minority-serving institutions April 22. The HBCU proposal is part of Warren’s broader plan to have the government forgive existing student loans and pay for tuition moving forward.
Posted by:Besoeker

#10  The #1 thing that has to happen to student loans is they get paid off by students, or written off at cost by the degree awarding institution that ran up the debt.
Posted by: Bright Pebbles   2019-04-26 13:29  

#9  She is throwing anything and everything at the wall in hopes that something sticks. This all smacks of desperation to me.
Posted by: Tom   2019-04-26 11:28  

#8  This is a stupid proposal, but the problem is real. Something has to be done about student loans.
Posted by: Iblis   2019-04-26 10:57  

#7  Show us how it's done, Liz - pay off a few with your own cash. After all, the IRS collects the minimum. Set a good example!
Posted by: Bobby   2019-04-26 09:04  

#6  Next will be mandatory quotas and minimum salaries for "(Pick your identity group)-Studies" grads
Posted by: Frank G   2019-04-26 08:37  

#5  Many University Campuses Are Playgrounds for Insanity The rest are serious?
Posted by: g(r)omgoru   2019-04-26 08:01  

#4  Why not just give every African-American (except people like besoeker) a PhD in African-American studies - studies they accomplished by living their life in racist Amerika?
Posted by: g(r)omgoru   2019-04-26 07:47  

#3  This is the exact opposite of what needs to be done. Colleges and universities must be made to pay defaulted student loans, at least in part.

Only by bringing to bear market forces can runaway tuition costs be brought in line with the value of purchased credentials.
Posted by: no mo uro   2019-04-26 05:53  

#2  I'll say it again - this broad, who got $400K to teach one freaking course at Harvard, does not believe that level of salary contributes to the massive cost of secondary education. No one at Harvard can be that world-class stupid / obtuse. She's just fighting Bernie & the rest of the buckethead socialists for the title of General of the Free Shit Army.
Posted by: Raj   2019-04-26 05:46  

#1  Good money after bad? A typical government strategy.
Posted by: Besoeker   2019-04-26 01:33  

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