“If Republicans were smart, they would propose a bill to pay down student loans by seizing college endowments.
The newly debt-free would be able to afford families, turning them Republican.
And universities would pay for the debt they saddled students with, not taxpayers.”
After all, why should university endowments compound tax-free when student loans can’t even be discharged in bankruptcy?
As for the math, there’s about $800B in college endowments and $1.8T in student debt.
Won’t pay for everything, but it’s a start… pic.twitter.com/O17NfXn08G
— Balaji (@balajis) June 30, 2023