The $1.5 Trillion US Student Loan Debt Scam: Schools Get All of the Benefits and Avoid All of the Risk

US student loan debt stands at $1.5 trillion and cannot be erased through bankruptcy. The youth of America are captives to colleges and universities that hold a monopoly over credentials. A hundred schools have endowments worth over a billion dollars, and are essentially hedge funds that are attached to schools. The money from increased tuition has been spent on beautifying and expanding campuses and hiring more left-leaning administrators. Tucker Carlson suggests that schools should co-sign the loans so that they have a stake in student outcomes.

 

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