I’m surprised Trump is not on this issue of the cost of higher-education.
Its a huge bubble waiting to be popped
He would have all the moral authority in the world to speak against it
The entire middle class would support a political campaign against it
Its a target-rich environment of elitists, insiders and hypocrites
Its a huge support base for his opposition.
My 19 year old son just got accepted into an plumbing apprenticeship program. He starts with only a HS education and is starting at $12.90 per hour, the cost of his associates in applied science is paid for and in 3 years, he will have his AAS, no school debt, and will be testing for his Journeyman’s in plumbing and likely will be making $24 to $26 per hour.
If he stays on and works for his masters licence in plumbing, he will get a Bachelors in Applied Science, already have a job, will be making around $42 per hour (median income) ..... and no school loans and will be 25 years old.
Compare that to a Bachelors graduating at 22 or 23 and $80K in debt.
I know a lot on here disagree, but I actually think student loans should be able to be discharged entirely like any unsecured debt and the US govt should not lend any money to students who are attending schools that have a 10% charge off rate. That would force schools to 1) make sure the kids they take will stay in for the 4-5 years 2) They actually take legit classes (ie engineer/business, not ethic studies) 3) work hard on job placement 4) help keep costs down of the school program - higher the cost, the more likely the a kid will have it discharged.