John Stossel welcomes cable television superstar Mike Rowe, who discusses his take on a variety of topics, including pandemic restrictions, the nature of work and the push throughout the country to forgive student loans.
Rowe, who hosts “Dirty Jobs” on the Discovery channel, says his new slogan is safety third! “It’s easy to save lives,” he says. But living life is more important.” Here’s the full interview.
If you haven’t noticed, colleges are getting filthy rich with the massive subsidies and tax breaks they receive from government–all at the expense of students and taxpayers. To put it in perspective, the college business model is actually totally dependent on taxpayers.
And rest assured that their spending habits have gone through the roof. Take Yale University, which pays no property tax on its dining hall, much to the chagrin of surrounding restaurants in New Haven, Conn., and even boasts its own pizza oven in addition to a luxurious golf course on campus. Farther west, the University of Utah has used some of its riches for a student crying room! You just can’t make this stuff up.
A closer look at government tax breaks reveals that colleges and universities are doing quite well, thank you. Yale boasts a $31 billion endowment, while fellow Ivy League school Harvard’s fund is at $40 billion. Yet taxpayers keep doling out the moolah in the way of cash grants and more than $1 trillion nationwide in student loans. It’s how colleges have gotten away with jacking up their tuition at four times the rate of inflation.
Inez Stepman, an education policy researcher at the Independent Women’s Forum, says almost half of the students don’t graduate in six years and end up with an $80,000 debt without a degree. “They’re not making wiser citizens,” she says. “They’re making citizens who hate their country.” Here’s more with Stepman and consumer journalist John Stossel.
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With the rising costs of education and student loans spiraling out of control, many progressive politicians, such as Bernie Sanders, are suggesting that we should have free tuition at colleges and universities. But how do they propose to pay for it? From the American taxpayers, of course. Not a good idea, says entrepreneur Patrick Bet-David. Instead, Bet-David says the real problem lies in the colleges themselves–why an education costs so much and why the system is the biggest scam in our nation today. Bet-David reveals how our universities are tax-exempt on property, tuition, sponsorships, donations and income from activities on campus. Bet-David gives us more of the shocking truth in this episode of Valuetainment.
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Vincent James of The Red Elephants says President Donald Trump is outflanking the Democrats on the left. What’s he doing? How about forgiving student loan repayments for a period of six months? Could be enough to lead some of the Bernie Bros to vote Trump instead of going with Joe Biden.
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Steven Crowder explains why the 2020 Democrats’ student loan forgiveness ‘victim’ mentality creates real victims.
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In a little-known provision of Obamacare, student loan money is being diverted to help underwrite the enormous costs associated with the new and bureaucratic federal health mandates. If this provision were to be scrapped, students would see about a 20 percent reduction in the interest charged on their loan repayments. Pundit Dick Morris explains.
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Student loans are difficult to repay in a sluggish economy, and many recent graduates are struggling under considerable debt. One proposal is forgiving student loans, but Prof. Daniel Lin from American University in Washington DC argues that debt forgiveness does not resolve the underlying causes of rising student debt, and therefore cannot prevent future debt problems.
Instead of debt forgiveness, Prof. Lin suggests making student loans like other types of loans: dischargeable in bankruptcy. This places the burden on lenders to ensure that students are not taking more debt than they can handle. While it would lead to a reduction in the amount of loan dollars awarded and increase interest rates, these are natural incentives that encourage borrowers to be more careful right now, and in the future, which puts pressure on colleges and universities to control their costs. H/T Learn Liberty
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Intended to help students get a higher education, federal subsidies to colleges and universities have instead triggered continually rising costs. Professor Daniel Lin notes that many college students face repaying a mountain of debt upon graduating. Some end up working jobs that don’t require a degree. Even worse, 40 percent of college students drop out without earning a degree, but that does not free them from the debt they have accumulated. A policy that worsens the problem it is supposed to fix should be eliminated, Lin argues. H/T LearnLiberty
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There is more than $1 trillion in student loan debt outstanding, and it keeps going higher, as does the cost of college tuition. Are we in the midst of a massive student loan bubble, and can universities continue to provide costly educations that burden graduates with a lifetime of debt? Will the federal government bail out struggling graduates? Find out on this InstaVision as Richard Vedder, author of Going Broke By Degree, talks to Glenn Reynolds.
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It’s no secret that U.S. college tuition costs are rising dramatically, and the high cost of a college education burdens young people and their families. How can we make college more affordable?
Many suggest that the best way to keep tuition affordable is by increasing government assistance through student loans, grants and tax credits for education. American University Professor Daniel Lin shows that doing so will actually lead to higher college costs, because loans/grants/tax credits are directly related to the increasing cost of education.
Before we can find any solution, it is important to understand the root cause of the rising prices. Lin finds that increased demand—fueled by improved job prospects for graduates and increased government assistance—is to blame for soaring tuition prices. H/T LearnLiberty
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