Hillary Clinton, trying to out-socialism socialist Bernie Sanders, has announced a new plan for taxpayers to pay for someone else’s kids college.
She calls it “The New College Compact”. Here are the highlights:
- “No student should have to borrow money to pay for tuition at a public college or university.”
- “Schools will have to control their costs and show more accountability to their students. No more 42% increases over ten years (way above the rate of inflation of anything else).”
- States will have to meet their obligation to invest in higher education.
- The federal government will increase its investment in education and will not profit any longer off of student loans.
- And everyone, everyone who already has student debt will be able to refinance it at lower rates.
- We’re going to make community college free.
The upshot is, every one of those things, even not profiting off student loans, the States can do already. The fact is that the State legislatures choose not to do it.
Georgia has Hope Scholarships, which provide free in-state tuition to all Georgia High School students with a B average or better. The federal government has the same revenue source the States do — We the People.
One other point she made, that if one gets a loan to attend a private college, then repayments would be limited to 10% of your income and would have a fixed term — even if you do not pay it off!
Well, that’s nice. Would you give a loan to someone for a course of study that might not land them a good-paying job?
Then she hits the colleges with the same hammer: “We will make sure colleges and universities have more skin in the game. If they load students up with debt for programs that don’t lead to good-paying jobs, students and taxpayers should not be the only ones holding the bag. The colleges deserve a certain amount of the responsibility and they will have to fulfill it.”
Well, there goes the History Department — and the Drama Department, and the Music Department, and the Philosophy Department, and the Dance Department, and several others I cannot think of right now.
This will turn our colleges and universities into nothing more than glorified trade schools. You can major in Mathematics, Computers, and Engineering. If you want to study anything else, be an Education major and learn to teach it.