These Are The Students Biden Wants You To Bail Out
https://issuesinsights.com/2024/04/25/these-are-the-students-biden-wants-you-to-bail-out/
It’s not entirely coincidental that just weeks after President Joe Biden announced his latest plan to cancel student loan debt, antisemitic protests broke out on elite college campuses across the country. Biden’s bailout schemes only embolden these entitled brats.
Students at some 18 colleges have staged anti-Israel “encampment” protests. At Columbia University (where a four-year degree will set you back north of $350,000), the protests got so out of hand and so virulently antisemitic that a rabbi at Columbia urged Jewish students to “return home as soon as possible” and the university moved to mostly hybrid classes.
This has been going on for more than a week at Columbia and, since colleges don’t have the stomach to stand up to students, protests have spread to Brown, New York University, MIT, Yale, Vanderbilt, Emerson, and Tufts, all of which cost well over $200,000 for an undergraduate degree, as well as other not-cheap schools, such as the universities of Michigan, Pittsburg, and North Carolina, the University of California, Berkeley and others.
Protesters have been heard shouting antisemitic slogans, namely “intifada” and “f–k Israel,” wearing keffiyehs and COVID masks, and carrying signs to “Honor The Martyrs Of Palestine” and express the solidarity of “trans people for Palestine.”
It’s these students who will, as soon as they graduate with their mostly useless four-year degrees in anthropology or peace studies or gender queer theory, start demanding that taxpayers cover the costs of their massive student loans.
After all, Biden is already promising that they won’t have to repay them. He tried to cancel $430 billion in student loan debt early in his administration, only to have the Supreme Court strike it down.
Then Biden vastly expanded the income-based repayment plans so that most students would end up having to pay off only a tiny fraction of their loans, which could cost taxpayers as much as $558 billion over the next decade.
Now he’s announced a new plan to cancel $84 billion in student loan debt.
And who will be the main beneficiaries? You got it, those who attended elite schools.
The Penn Wharton Business Model looked at Biden’s latest gambit and found that the $84 billion in bailout money would disproportionately affect high-income earners. Roughly “750,000 households making over $312,000 in average household income” would be eligible for longer-term student debt cancellation.
Keep in mind that these bailouts are coming on top of massive taxpayer subsidies. Over the past four school years, federal aid for undergraduate and graduate education topped $590 billion, according to the College Board.
Students at private four-year colleges (where the cost of attendance averages more than $60,000 a year) get an average of $25,630 in grants.
The result has been to fuel tuition inflation and create an army of undereducated, over-coddled miscreants who are using your money to intimidate and harass Jewish students, disrupt the education of all students, and who will go on to worm their way into leadership positions in businesses, government and institutions.
It’s long past time to rethink this entire education scam, and there’s never been a better opportunity to do so.
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