I have a solution to paying for all these student loans instead of forgiving them. This won't impact the economy or tax payers.
Take 5% from the top 50 college endowment funds and apply it to student loan foregiveness nationally.
The largest in the top 50 is Harvard at $41 Billion, (with a B). So, Harvard gives $2 billion.
The smallest of the top 50 is Wake Forest at $1.3B, so they give $65M.
Problem solved.
Take 5% from the top 50 college endowment funds and apply it to student loan foregiveness nationally.
The largest in the top 50 is Harvard at $41 Billion, (with a B). So, Harvard gives $2 billion.
The smallest of the top 50 is Wake Forest at $1.3B, so they give $65M.
Problem solved.