Many people who have gone to college have taken out loans to help them pay for these educational services.  This program has benefited multi-billion-dollar institutions like Harvard and Yale, as well as those administrators getting paid million-dollar-per-year salaries.  To top it all off, these massive institutions get tax-exempt status and billions of dollars of grants. We need to get this process under control.  Some changes to federal tax law, student loan rules, and the federal grant-giving process will do the trick. All university endowments over $1 billion in size should pay their fair share in taxes to pay off student loans.  A 25 percent–per-year tax on these tax-subsidized behemoths can go towards helping deal with the student loan crisis. Any student attending a college with an endowment of greater than $1 billion is ineligible for student loans or federal student grants or scholarships.  The combination of...(Read Full Post)