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Make Universities Accountable for Predatory Student Loan Abuse

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The Biden administration is still talking about delivering on the President’s promise to relieve student loan debt for many Americans. There is continuing discussion on how much debt should be forgiven, how to pay for it, and whether it is fair to all those who have diligently and painfully worked to already pay off their own student loans. After all, if you’re going to eliminate student debt to buy votes, why just limit it to student debt?

Unfortunately for Biden, according to numerous sources including National Review, the executive branch has no generalized power to forgive any amount of student debt. Even Nancy Pelosi confirmed simply that “the president can’t do it. That’s not even a discussion.” The Department of Education came to the same verdict, determining that the executive branch “does not have the statutory authority to cancel, compromise, discharge, or forgive, on a blanket or mass basis, principal balances of student loans, and/or to materially modify the repayment amounts or terms thereof.”

Of course, even if he had the authority, forgiving student debt doesn’t make the debt go away. Reality has a way of breaking into such “freeloading” dreams. It’s pay me now, or somebody else pay me later. But why should some future taxpayer pay off anyone else’s student debt?

Whatever happened to wise warnings of “student beware.” When you get an education and agree to pay the tuition, you ought to realize that you must at some point pay for that education. You signed on the bottom line. Face your real-world responsibilities. Hopefully, you picked a degree major that will ensure a career capable of paying off your loans. Students clearly have some responsibility, but what about the universities that took advantage of the money coming from those loans?

After all, there is ample evidence that student tuitions exploded far faster than inflation when government funds became readily available for student loans. Complaints of excessive tuition increases by students trapped in their programs tended to be met with a less than caring response—pound sand!

Since 2008, the tuition cost or a four-year college degree has increased nearly 25%. In that same period, student debt has doubled, increasing by 107%. 2015 study found that a dollar of subsidized student loans results in a published tuition increase of 58 cents at a typical university, An NBER paper suggests that changes to federal student loans are more than sufficient to explain tuition increases at private nonprofit colleges. And a 2014 study found that for-profit colleges eligible for federal student aid charged tuition 78% higher than that of similar but aid-ineligible institutions.

In short, there is no doubt that tuition was rising faster than the inflation level. Evidence has been clear for decades. In 1987, Secretary of Education William J. Bennett argued that “increases in financial aid in recent years have enabled colleges and universities to raise their tuition, confident that Federal loan subsidies would help cushion the increase.”

Bennett pointed out in 1987 that federal student aid had risen 57 percent since 1980, while inflation had been 26 percent. A 2020 analysis by the Congressional Budget Office brought the numbers up to date: “Between 1995 and 2017, the balance of outstanding federal student loan debt increased more than sevenfold, from $187 billion to $1.4 trillion (in 2017 dollars).” What is the lesson? The more federal aid to students is available colleges raise tuition more. Salaries rise and bureaucracies expand. There are more courses, more dorms, dining halls, lavish recreational centers, and more money for endowments.

Far too many students find that once they begin their education, their schools raise the tuition at such a high rate that their debt explodes. The university builds their endowment, and the “trapped” student is compelled to finish what they started at a cost they did not expect to have to pay. In such a situation, should not the university be responsible for any increased cost above the increase in cost of living during the same time? It’s time for universities to take responsibility for their share of student debt.

The universities that benefited from these loans should have a part in footing the bill. That means universities that raked in millions to inflate endowments should be holding the bag for those who can’t afford to pay their loans. With universities holding hundreds of billions of dollars in tax-free endowments, any government program to relieve student debt should be completely dependent on taxing those university endowments.

It’s time to counter the Democrats’ vote-buying scheme by making lasting changes to the student loan process. That means putting universities on the hook for their predatory behavior. That will go much further than a temporary payoff that does nothing to solve what is causing the problem.

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Dr. Terry Paulson is a PhD psychologist and author of The Optimism Advantage, They Shoot Managers Don't They, Speak Like a Pro, Meditations for the Trail, and The Dinner: The Political Conversation Your Mother Told You Never to Have. Since founding Paulson and Associates, Inc. in Agoura Hills, CA, Dr. Paulson has presented to such companies as IBM, 3M, Kaiser, Nationwide, SONY, Starbucks, Wal-Mart, and hundreds of hospitals, government agencies, and associations. Dr. Paulson is a past president of both the Global Speakers Federation and the National Speakers Association. He’s been inducted into NSA’s CPAE Speakers Hall of Fame, an honor given to less than 230 speakers worldwide. Dr. Paulson is a long-time conservative Republican who has spoken to numerous Republican groups. He currently is a regular op-ed columnist for townhall.com and politicrossing.com. Terry brings knowledge, tasteful humor, and a passion for conservative principles to every presentation. Dr. Paulson graduated with honors from UCLA and received his PhD in psychology and an MA in theology from Fuller Graduate School of Psychology in Pasadena, CA.



 
 
 

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Education

The Rise of Mark Robinson and the Benefit to North Carolina

He will win the governorship of North Carolina, be an excellent governor, and have a greater political future ahead of him

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Mark Robinson, if you are not aware, is currently North Carolina’s lieutenant governor. He is someone who made himself a success, despite coming from a background of extreme hardship. He was born in Greensboro, North Carolina, the 9th of 10 children. His upbringing, amidst alcoholism and domestic violence, was nowhere near what you would want for a growing child.

Onward and Upward

Robinson’s mother imbued in her children a sense of responsibility, and let them know in actions and words that perseverance, hard work, and devotion to God would be their best ticket to a rewarding life. Robinson absorbed the message at an early age.

Among the many stops in his personal journey, he served as a medical specialist in the Army reserves. He also worked in manufacturing, and then ran a small business with his wife. When the North American Free Trade Act (NAFTA) was passed his small business and career endeavors dissolved.

At one point, nearly 20 years ago, he had to declare bankruptcy. Despite his financial hardships he soldiered on. Eventually, he became North Carolina’s first Black lieutenant governor. As such, he has traveled extensively throughout the state, talking to people of every race, profession, trade, income level, education level, and inclination.

Now is the Time

Robinson knows the people of North Carolina perhaps as well as anyone could. Once he decided to run for governor a wellspring of voters emerged eager to see him succeed, because they know the man. Married for now 30+ years, with two children and two grandchildren, Robinson has vowed to be the education governor and the business enterprise governor that North Carolina wants and needs.

In the coming weeks and months, however, much of what you read about Robinson in the mainstream press will ignore his accomplishments, his vision, and the fundamental reasons that so many North Carolinians of all races want him to be the next governor.

The Left is so pathetically predictable that I can tell you with complete accuracy how they respond to Black conservatives. On cue, without missing a beat, the day after Mark Robinson won the Republican primary for governor in North Carolina, the vicious press, putting in overtime, went to work. Nine of 10 articles that you would encounter on Mark Robinson were complete hit jobs, taking his words and phrases out of context.

The same was true on the internet. Google, among the most evil companies that has ever appeared on Earth, with their oh-so-mysterious algorithms, made sure that nothing good was said about Mark Robinson until about the 12th listing. Even then, Google followed with more hit pieces.

We All Know Exactly Why

Why does the Left so thoroughly despise Black conservatives? Why does the Left disparage them at every turn, such as Jason Whitlock, Star Parker, Condoleezza Rice, Alan Keyes, Larry Elder, Candace Owens, Allen West, and Senator Tim Scott? Because the mere existence of a Black conservative upsets everything that the Left stands for, such as “keeping Blacks in their place,” ensuring they never dare to leave the liberal plantation, and hoping that they don’t have an original political thought.

Traditionally, Democrats retained many Black voters at the national, state, and local level through campaign promises, while never consistently delivering on them. And now, as we approach November 2024, they are losing their grip. Survey after survey reveals that Donald Trump is gaining major ground among Black voters, other minorities, young people, and suburban women.

The press will nitpick about statements Robinson made years and decades ago. They’ll claim he’s an anti-Semite. They’ll say he is ‘against his own people.’ They will attempt to demonize him. Don’t fall for any of it.

Making His Mark

Robinson spoke at CPAC 2024 and, while he only had 12 minutes, he brought down the house. At another gathering, he spoke for less than 90 seconds about why reparations are a bad idea. He laid out in the most logical manner why people today who claim they deserve reparations are the ones who owe others, mainly the Black pioneers who came before them. It is a brilliant piece of rhetoric that everyone, everywhere should hear.

Mark Robinson is the candidate whose time is now. He will win the governorship of North Carolina, be an excellent governor, and have a greater political future ahead of him. Donald Trump strongly endorsed him and one can foresee a time in which Robinson will have important business to do in Washington, DC.

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Business

Work-life Balance: The Enduring Quest

Organizations today recognize the importance of supporting employees’ well-being while maintaining productivity

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Thank goodness that organizations today increasingly recognize the importance of supporting employees’ well-being while maintaining productivity. As such, the corporate quest for work-life balance, harmony, and integration has gained great prominence.

Key Aspects

Here are 12 key aspects of this pursuit gleaned from a variety of programs:

1. Offer Flexible Work Arrangements: Offering flexible work schedules, remote work options, and part-time opportunities allows employees to better balance their professional and personal lives.

2. Have Clear Policies: Establishing clear policies and guidelines regarding work hours, overtime, and expectations helps employees manage their time effectively.

3. Support Mental Health: Providing access to mental health resources, counseling, and stress management programs can address employees’ emotional well-being.

4. Give Leave: Offering generous paid time off, including vacation, sick leave, and parental leave, allows employees to address personal and family needs without fear of repercussions.

5. Prevent Burnout: Encouraging employees to disconnect from work-related technology after hours helps prevent burnout and supports work-life separation.

6. Support Workload Management: Ensuring that employees have manageable workloads and realistic deadlines prevents excessive stress and long working hours.

7. Provide Wellness Programs: Implementing wellness initiatives, such as fitness facilities, nutrition programs, and health screenings, promotes a healthier work-life balance.

8. Enable Employee Assistance Programs: Such programs provide confidential counseling and support services for employees facing personal challenges.

9. Promote a Culture of Balance: Company culture plays a significant role in work-life balance. Leaders should model a balanced lifestyle, and the organization should celebrate accomplishments beyond work.

10. Maintain Continuous Communication: Engaging in open dialogues with employees about their needs and concerns regarding work-life balance fosters a supportive and responsive corporate culture.

11. Empower Workers with Training and Education: Providing training on time management, stress reduction, and resilience equips employees with the skills to better balance their lives.

12. Leverage Remote Work Policies: Crafting clear remote work policies and expectations ensures that remote employees have a structured work-life balance.

Bringing in the Hired Gun

As the world’s only holder of the title, “The Work-Life Balance Expert®,” as issued by the USPTO,  I am often summoned by organizations to enhance work-life balance for their troops. In all, I’ve delivered programs and spoken to 960 groups. Below depicts an encounter with a company who shall remain nameless for reasons of confidentiality. See if this squares up with your experience in your organization.

The following responses were derived as a result of my sending a questionnaire to the conference meeting planner where I was to be their keynote speaker. I requested the names of 10 people who would be in the audience. I called each of them to discuss their current challenges. Here are their actual replies to three of my questions:

1) If you could magically resolve a work-life balance issue, what would it be?

* Have more breathing room between high-level projects.
* Accomplish more during the workday and leave mentally free.
* Hire more staff!
* Take vacations and time off with no big pile ups when returning.

* Be allowed to take some Fridays off and catch up on much needed appointments.
* Reduce the number of pop-up requests and questions flying at me all day long so that I could ACTUALLY do what I need to do each day.
* Be approved to work from home or adjust my hours. My personal time isn’t respected.

2) What do you seek to derive from attending a session such as mine?

* Manage my time more effectively.
* Gain tools to embrace life while living it
* Develop stronger skills.
* Make work-life balance a reality in our company’s work-first culture.

* Acquire strategies, tips, or ideas to re-think my approach.
* Learn to change my focus, to be more productive, balanced, and focused.
* Be able to balance the few things that I do control during my day.
* Discover tips for keeping my staff in balance.

* Gain a realistic expectation of what we can achieve or experience.
* Develop a more positive outlook for the group.

3) Are there any observations you could offer?

* Work-life balance is a huge topic organization-wide. We are high performers who want to do a good job. We compromise our personal lives to meet work demands. We have to keep pace with the leaders and teams we support. If we don’t, we’ll be deemed unresponsive.

* A frenetic pace seems to be inherent in this company. Our team does a good job of emphasizing work-life balance; the problem lies with the surrounding divisions that thrive on working all the time, for no good reason. Yes, we are in a global space, working in different time zones, but some of these people are beyond the pale.

* What I love about this organization are the people. They are dedicated to the cause and truly want to deliver reliable, affordable, dynamic, and versatile solutions to our customers. However, our frenetic pace isn’t necessary. Not every project is the most vital. Not every problem is an emergency. Not every request has to be filled now.

* If in charge, I’d implement a more efficient, logical pace organization-wide. If we all took a breath and reevaluated how we work, in a more focused environment, we might find that we could produce better results with less stress.

Resonates Strongly

As you can see, the topic of work-life balance resonates strongly among today’s career professionals. Going forward, may more organization recognize and acknowledge the critical role that employee wellness and work-life balance has on the organization’s overall effectiveness.

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