Reply to Canceling $10k of student loan debt is stupid.

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Reply to "Canceling $10k of student loan debt is stupid."

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[quote=Anonymous][quote=Anonymous]Five colleges alone have $160,000,000,000 in savings.

Harvard University ($42 billion), Yale University ($31 billion), The University of Texas ($31 billion), Stanford University ($29 billion) and Princeton University ($26 billion)[/quote]

It's easy to point to these schools, but the argument falls flat. It would be very unlikely for a graduate of any of these schools to experience difficulty paying back their student loans. These schools give generous tuition relief to kids who cannot afford their full tuition. If you do happen to find the isolated cases where one of the grads are in heavy debt that they can't hope to pay off with their employment, it's just that: an isolated edge case of individual circumstances, rather than demonstrations of a systemic issue.

The problem is not with these rigorous schools, but rather the non-ranked "liberal arts" schools that charge substantial tuition, and whose financial aid office provides loan application support rather than tuition relief. [/quote]

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