August 21, 2015
Making College More Affordable (and Less PC)
Outside of the 50 or so top schools, American higher education is troubled. This is especially true as tuition soars and students receive diplomas of questionable value. In 2014, for example, the average bill at a private college for tuition plus room and board was $42,419; at a public school the tab was $18,943. And the long-term trend is for even larger increases. Meanwhile, in 2013 students typically graduated with $28,400 in debt they can scarcely pay back while many have difficulty finding decent jobs thanks to “expertise” in gender studies and similar empty calorie majors.
Fear not, however, Hillary Clinton has a rescue plan. The gist of her solution is a $350 billion ten year infusion of federal funds for both public universities and students struggling to pay off loans (they could only re-finance the loans). About $175 billion would go to states to free students from having to borrow to finance their education. In exchange for the infusion, recipient...(Read Full Article)