Quote:
Originally Posted by spence
Because you're just wrong.
First off universities are non-profit organizations. Second, Harvard has an endowment of 38 billion dollars, about 1/2 of their students don't even pay much if any tuition. 400k for an esteemed professor of her stature at one of the top schools in the world isn't in any way out of line.
If you'd bother to actually read what Warren was professing you'd see she's argued the government should underwrite student loans at a rate similar to what the banks get to borrow for to minimize profit either by private lenders or government profit.
It may not be a silver bullet to solve the cost of higher education but it's in no way hypocritical at all.
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If the first paragraph of you statement is true, why does it cost north of 50 k for a year at Harvard? Why are so many people scrambling to save for or take out loans for secondary education?
Do you think it one for a professor to make 400k for a year and a half of teaching, then complain when she is done professing that college is too expensive, and then blaming it on banks?
The universities set the price of tuition not banks, if people want to go to school that bad and can't afford it they get loans.
Just like everything else that's costs money in the world, no one is forcing you to buy a house or that new truck and finance it, it is your decision. If you don't like the loan terms you shop around
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