I commend to any of you with a subscription, the front page article in today’s WSJ entitled “NYU is Top Ranked — in Loans”.
When did anyone with an ounce of sense believe it was a good idea to borrow more than I ever did for a mortgage to finance a degree in Public Health. The damn woman interviewed has over $135,000 in loans and post graduation has an $18,000 a year job working for a non-profit. She is considering selling her eggs for a second time for $50k.
How does a “prestigious” university create such a situation. These private universities are sitting on endowments worth 10s of billions of dollars and doing little to nothing to ease the tuition burden. Of wait! They offer helpful hints to students. Consider eating fewer meals. Work part time. Graduate sooner. Look for a website to find a babysitting gig. And there is my favorite: go live with a senior citizen. And in their defense NYU says they are working to control tuition growth by trimming its energy use and looking for lower cost suppliers.
Now the socialists think I should pay to forgive billions of dollars in loans as part of this scam. Let’s first put a raid on the endowment funds and then you will put an end to this party.
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