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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?

Trending on PolitiCrossing.com: Leftists Know Little of History, Naturally

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

Putting North Carolina Public Education Back on Track  

With Michelle Morrow’s leadership, North Carolina public schools can be better equipped to educate and inspire today’s students.

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It’s no secret to conservatives that the nation’s children, every single one of them, are at risk. In the main, not for reasons malnutrition, growing up in a tough neighborhood, or having toxic parents. The risk that all kids face today is the potential to be indoctrinated in public schools by their own teachers, teacher’s aides, and administrators.

America’s Children Are under Siege

Some school districts in America, are populated by boards of education, principals, and school administrators who think it is their sacred duty to indoctrinate children, exposing them to all manner of adult and sex-related topics long before any child should be. As such, they usurp the rights of parents and guardians.

Nowhere is this more evident than in North Carolina where 23% of all kindergarten through 12th-grade students are enrolled in either a charter school or private school, or study at home, and the percentage increase in these three options is 84% over the last 11 years. Why? Parents want to determine the best educational options for their own children and they don’t believe that North Carolina public schools are doing an adequate job.

Trending on PolitiCrossing.com: Leftists Know Little of History, Naturally

Fortunately, one candidate running for NC superintendent of public instruction means to the state’s education programs back on track. Her name is Michelle Morrow, and she is a personal dynamo whose grasp on the issues is outstanding.

First and foremost, Morrow advocates having safe schools with a culture of academic achievement and civility. If it takes having a security guard in every single school throughout the state to ensure the safety of children attending class as well as teachers and school staff, Morrow is all for it.

She believes that schools should be the safest buildings in the state. Alas, they are not. In North Carolina, school crime and violence increased a whopping 84% in just the past five years. The top three crimes being reported include drug use, weapons possession, and assault – even assault of teachers.

An Advocate for What Counts

As the NC superintendent of public instruction, Morrow will support fair and effective policies that both deter crime and promote classroom civility. She’ll be a strong advocate for teachers’ rights to employ fair and reasonable measures to manage their classrooms as they see fit.

Morrow will insist on parent-friendly schools, recognizing that a child’s academic performance often hinges on the vital partnership between teachers and parents. In too many schools throughout the state, parents are kept completely in the dark about medical treatments and, surprisingly, even academic performance.

Some children are forced to take surveys requiring them to reveal details of their sexual habits and mental state, and schools employ such data to monitor, diagnose, and treat psychological issues. Parents alone, however, have the right to make medical decisions in relation to their children’s health and well-being. Government sponsored data collection needs to end. Morrow will enforce a Parents’ Bill of Rights to ensure that families are protected and that parents have dominion over their own children.

Back to the Basics

Academic achievement has suffered for years on end in North Carolina’s kindergarten through 12th grade classrooms. A staggering one-quarter of eighth graders cannot meet national math, science, or reading standards. Test scores throughout North Carolina reveal that more than 800 schools are under-performing.

As superintendent, Morrow will be focused on ensuring that all the money earmarked for education actually makes its way to the classroom. She will ensure that schools focus on teaching science, math, reading, and real history. She will advocate for small group tutoring when needed by students who are not performing well, and touting for those who are doing exceedingly well and can do even better.

Morrow recognizes that the government in Washington, D.C., has no business in the education of North Carolina students. Parents are not co-parenting with the federal government. The programs and policies that politicians and special interest groups attempt to impose on North Carolina schools must come to an end, and any interference in teaching core academics must cease immediately.

As such, Morrow will sever the ties with public interest groups while helping to strengthen local school districts’ ability to employ proven teaching methods, with the goal of enhancing core academic achievement.

The Big Picture

Morrow will seek to enhance national unity and patriotism. Too many students throughout North Carolina are subjected to one-sided history lessons that portray America as an oppressive, racist, unredeemable nation. Some schools go so far as to stereotype their students and inform them that, as a result of their ethnicity, sexuality, or religion, they are oppressors.

This one-sided, warped view of humanity and method of education must end. Instead of dividing students, Morrow will seek to foster unity and understanding. America is an exceptional country. While every country faces challenges, ours in particular has been fair, compassionate, and forward thinking in recent years.

With Morrow’s leadership, North Carolina schools can be better equipped to educate and inspire the next generation who will become the leaders of our great nation.

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Education

Leftists Know Little of History, Naturally

What starts as supposedly benign socialist movements prove to be anything but that

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We pause on this long weekend to honor the memory of U.S. military personnel, regardless of their political leanings, who died in service to our nation. Concurrently, it is increasing evident that ignorance is a key factor in being a Leftist.

You have to know little about history and be sufficiently gullible to believe that your own mainstream media is presenting fair and accurate information to you. You have to think that the politicians for whom you’ve voted have your best interests at heart and have the best interests of the nation at heart, despite the overwhelming evidence to the contrary.

Those on the Left have perpetrated some of the great crimes that humankind has yet witnessed. A brief walk through recent world history reveals that what started out as supposedly benign socialist movements proved to be anything but that.

Hopeless and Headless

The French Revolution in 1789 was a revolt by the bourgeoisie joined by commoners against the aristocracy. Their battle cry was liberty, equality, and egalitarianism. Yet, the regime that followed the French heuristic aristocracy proved to be barbaric.

The slightest transgression or suspicion that you were somehow against “the people” meant that it was off with your head. It is estimated that tens of thousands of people faced the guillotine in France between the years 1792 and 1977 (astonishingly the last year of beheadings in France).

In Denmark in 1803, then Great Britain in 1807, and America in 1808, the slave shipping industry came to an end. While slavery lingered on in Great Britain until 1837 and in America until 1863, there were no further slaves shipped across the Atlantic. Leftists would prefer that you didn’t know this. They want you to believe that America was not among the leaders in ending the Atlantic slave trade.

Always: Socialism Fails Everywhere

In 1917, as Vladimir Lenin returned from exile in Switzerland to Russia, and the Bolsheviks took power, their claims of egalitarianism also proved to be hollow. These socialists displayed that some comrades were “more equal” than others.

To be in the Russian government was to be in the ruling class; all others were deemed to be subservient. Lenin himself coined the term “useful idiots” regarding people who went along with the regime, not questioning the lies, subterfuge, bribes, cronyism, and outright theft of property, always for “the state” and never to be yours, no matter how hard you worked for it.

In 1933, headed by Adolf Hitler, the National Socialist German Workers’ Party came to power. It was a socialist movement, not a conservative movement as many would have you believe today. They had no intention of conserving numerous aspects of German government and German society. These Socialists were hell bent on overturning what came before them, similar to contemporary American Leftists. One of their chief objectives was to eradicate the nation of Jews, gypsies, intellectuals, and other undesirables.

Then, from September 1, 1939, when Hitler invaded Poland under false pretenses, until the time that the Allies were able to storm the beaches in Normandy and make headway through continental Europe, he held Europe and much of the rest the world at bay. All this was under the banner of socialism.

In all, Hitler reigned supreme for 12 years. Finally, he was defeated in the Spring of 1945 and allegedly committed suicide.

Bernie’s Democratic Socialism

Today in America, voices proclaim that socialism or, as Bernie Sanders calls it, Democratic socialism, is the only appropriate, moral, and effective way for our nation to proceed.

These Socialist advocates don’t want you to know what the net result has been around the world, over the ages, of those governments and peoples who have installed socialism. Socialism by its nature dampens the human spirit, rewards a handful of elites, and otherwise cripples entire economies.

Many believe that Scandinavian countries to this day, such as Sweden, are socialists. Actually, they did try socialism for a while and found it to be such a disaster that they abandoned the pretense.

Leftist Fairy Tales

Are the historical events and occurrences discussed above presented in high school history classes, or covered in college history classes? In college depending on what course you take it’s possible. In high school, I have never encountered anyone who has covered this ground.

High school history books and history teachers will talk about the Bolsheviks and the Nazis but don’t mention that they were socialist-based movements. As such, students remain ignorant of this historical reality.

And, the less you know, the more likely you can become a Leftist.

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