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Elizabeth Warren's indian name is "Lies On Race Box."
She's a fraud through and through, therefore none of us should be surprised that she's a walking, talking hypocrite also.
Warren isn't going to do anything about student loan debt. She brings up Sallie Mae, simply because
she knows students hate them (rightly so). They did not grandfather any new reforms in the last
Higher Education Act and they are not going to do it now.
Warren is simply looking for the young, student loan riddled sector for election votes.
What they don't know is the Federal Dept. of Education, in particular the student loan program since 1972 with Sallie Mae, is the very reason students have out of control tuition costs today.
"The result is that about $10 billion a year, roughly a quarter of the nation’s university research budget, will continue to be channeled into such things as administrative salaries and building depreciation instead of directly into scientific studies."
“Harvard is taking the government to the cleaners,” said Richard Vedder, director of the Washington-based Center for College Affordability and an economics professor at Ohio University, a public college that receives overhead compensation at the rate of 48.5 percent.
The amount of taxpayer money that goes to support these private schools is immense, and of course, Boston is at the epicenter of this. The federal government should not be in the business of subsidizing building construction or administrative aggrandizement.”
Indirectly, Warren's professor salary is federally subsidized, because if students did not get direct student loans or federal grants/scholarships through affirmative action to go there, you would not have the populous you have attending Harvard.
One of two things would happen, Warren would be teaching to a select few rich, or
the school would have to lower tuition and Salaries to attract students to their university.
Well aware, it is important for our country to invest in research, even if it is done at a private university.
So you read up on where Harvard gets its money, but you don't know where Harvard gets its money. Lots of contradictions going on with yours posts in here.
Its simple, its called research. Might be hard for you.
Quote:
Originally Posted by urbanlife78
How are the taxpayers suffering because of how a private university spends their money?
You mean other peoples donated money. So are you telling me i can go to this university for free and not pay for anything if i am accepted regardless of my income ?
Well aware, it is important for our country to invest in research, even if it is done at a private university.
Did you miss the point of my post? It would be nice if that is exactly where the money was going, but
it is not.
"All research institutions get additional money tacked on to federal science and medical grants to help pay for general overhead. But federal rules allow institutions to deposit those payments into their general budgets, with no requirement they be used to directly support scientific endeavors.
The Obama administration sought to change the system last year, saying it was considering a flat rate, at an unspecified level, for all institutions. But after successful lobbying by large universities to protect their bigger share of the pie, the administration abandoned the effort."
Warren isn't going to do anything about student loan debt. She brings up Sallie Mae, simply because
she knows students hate them (rightly so). They did not grandfather any new reforms in the last
Higher Education Act and they are not going to do it now.
Warren is simply looking for the young, student loan riddled sector for election votes. What they don't know is the Federal Dept. of Education, in particular the student loan program since 1972 with Sallie Mae, is the very reason students have out of control tuition costs today.
The first student loan program started in 1958.
Most developed countries have a student loan program.
State support has eroded since the 70's.
Most countries subsidize tuition rates more than we do though.
The first student loan program started in 1958.
Most developed countries have a student loan program.
State support has eroded since the 70's.
Most countries subsidize tuition rates more than we do though.
And your point is......
It was the Student Loan Marketing Association in 1972 that later became Sallie Mae that was
a subsidized federal loan program (GSE - Government Sponsored Enterprise) that raped taxpayers and students alike.
If Obama did anything right in his administration it was getting rid of Sallie Mae within the
confines of the federal direct student loan program.
Problem is it was a little too late... the damage has already been done, and
Universities across the country have been active participants in the corruption for DECADES!
For profit universities are ripoffs, but they are basically corporations with shareholders. A private university is just one not funded by the state.
Harvard is a not for profit private school and has the largest financial endowment of any academic institution in the world, $32.3 Billion as of 6/2013.
A not for profit corporation is not precluded from earning a profit. They simply cannot use that profit to pay dividends to their shareholders. Instead, schools and, hospitals for that matter, use their profits to build their brand, which includes competing for the top name talent which then allows them to attract more endowments and business.
So now all you right wingers are going try to attack and degrade all grandmothers in politics because you're so afraid we'll get on in the White House?
She's teaching at an Ivy League University, by the way, not some community college. She's earning her value to the university and then some.
She is on a leave of absence and no longer teaches at Harvard.
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