1. I have put 3 kids thru college.The schools and financial “counselors” advise students to apply to their dream schools without regard to the costs. The students and parents both heard this continually all thru high school. They trusted teachers and advisers while seeming to not realize that the schools have a vested interest in having graduates attend highly ranked schools...the parents and community are impressed by the placement stats and will support higher taxes.
2. Local and state taxpayers are already subsidizing higher education through taxes. If students choose not to attend, it is their choice, but we should not have to bailout private tuition. As with primary and secondary schools, it is the parents choice to send their children to private schools; however, they are not demanding bailouts.
3. Look at the endowments of the top private schools. Why can’t they pay off some of their graduates’ student loan debts versus tax payers? Harvard 25 BILLION!!!!
Actually Harvard now has $31+ Billion in endowment; the $25B was from 2005.