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By Wide, Bipartisan Majority, New Poll Affirms Key Progressive Demand: Congresss Should Act to Lesson Crushing Student Debt


#1

By Wide, Bipartisan Majority, New Poll Affirms Key Progressive Demand: Congresss Should Act to Lesson Crushing Student Debt

Andrea Germanos, staff writer

A new poll out Monday points to a progressive mandate for the 116th Congress—it's "extremely important" to do something about the crushing student debt crisis, now at a record high $1.465 trillion, a bipartisan majority says.


#2

This must be one of the most bogus polls I’ve ever seen.

You provide a list of 5 places to spend more money and ask people to decide which ones they want to spend money on the most. The only item that didn’t gather a majority of support was for increasing regulation of for-profit colleges.

The reason student debt is so high is because colleges have push up their costs at more than 2x the level of inflation for more than 50 years. They throw money at administrators, sports, and hotel-level dorms. While professor:student ratios have remained relatively constant over the past 30 years, the number of non-teaching staff has increased by roughly half.


#3

Another reason to rescind the 1.5 million dollar tax cut.


#4

Let’s not forget it was Joe Biden who led the effort to stop people from claiming bankruptcy due to student loan debt.


#5

And let’s not forget that Bernie led the charge for free tuition and loan reform, before Warren.


#6

Yes, college tuition has skyrocketed as states have slashed their budgets for post-secondary education. The ratio of financial support has gone from 80:20 state funding to tuition to 20:80. And no doubt operating costs have gone up too as focuses have shifted from undergraduate education to graduate research - that includes building and facility costs, larger administrative staffs and higher administrative costs, moving pay for many professorships from middle class to upper middle class, and sports facilities, staffs (more people and higher pay), and coaches (some of whom are by far the highest paid college employees), though large amounts of money come from outside sources too.

Many four-year colleges now are ridiculously expensive to attend, creating an almost insurmountable lifelong debt for many who attend.