Thanksgiving is a Great Time  

     A great time for universities and students to thank us taxpayers for supporting President Lyndon Johnson's Higher Education Act. 

     Better yet, if President Biden gets the okay to wipe out student loan debt, we will pay an estimated $430 billion more than we pay now for those who default, one third of whom never get their degree. Yea!

     Millions who owe $1.6 trillion have applied for loan forgiveness. 

     Cancelling loads doesn't solve the problem. Over the past 40 years, the average cost of private college tuition has tripled. Do you know of anything else that has tripled? Maybe housing, or vehicles? 

     See. Universities dependent on student payments were limited in what they could charge in tuition. Yours truly paid about $350 a quarter (10 weeks) at a state university. And that included out-of-state add on. One year (fall, winter, spring) cost me about $1,050, plus food and board. 

     When our do-good Government began doing good, universities realized they could rely on taxpayers and upped their tuition, no doubt paying professors and other employees more - good for them - and investing in more facilities - maybe worthwhile? 

     Now, while more jobs require degrees, students and taxpayers are on the hook. It takes on average 21 years to pay off student loans. 

     Government (taxpayer) loans may be helping students who otherwise would have no shot. Harvard among others has billions in the bank thanks to wealthy alumni. Wouldn't be nice if they helped more, when millions of taxpayers who never attended college may get a bill for $430 billion?

       Jimmy   😠