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A Better Way To Finance Unpaid Student Loans

If someone has to foot the tab for unpaid student loans, we have a much better idea. Impose a tax on the storehouses of wealth in college endowments. Those endowments at the end of 2020 were valued at $691 billion, which means the number is likely closer to about $750 billion today. This money was never taxed. Given that the universities are the ones who put these students in debt in the first place with outrageous tuition, it’s only fair they should pay for delinquent debt from students who attended their universities.

For sure any debt incurred by students who attended one of the elite schools with massive endowments (listed below) should come out of these slush funds. Rather than having taxpayers foot the bill.

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