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Some of the nation's top universities and colleges may benefit from President Joe Biden's $300 billion student loan debt handout, after reports reveal they have spent millions lobbying for education policies, including student loan handouts.
On Wednesday, President Joe Biden announced a plan to cancel $10,000 of student loan debt for low- and middle-income American families. Analysis from the Penn Wharton Budget Model reported that this could result in a $300-$900 billion increase in taxes over the next few years.
According to OpenSecrets, more than $130 million has been spent lobbying on education policies since 2021 by numerous prominent colleges. The colleges may profit from a decrease in student loan defaults, and some benefits of the handout for student loans "might be captured by colleges themselves in the form of higher prices (both tuition and net)," the Wharton study stated......
https://www.foxnews.com/politics/co...dent-loan-giveaway-spent-130-million-lobbying
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How they can raise tuition again. College tuition is rising 189% faster than the cost of living.
On Wednesday, President Joe Biden announced a plan to cancel $10,000 of student loan debt for low- and middle-income American families. Analysis from the Penn Wharton Budget Model reported that this could result in a $300-$900 billion increase in taxes over the next few years.
According to OpenSecrets, more than $130 million has been spent lobbying on education policies since 2021 by numerous prominent colleges. The colleges may profit from a decrease in student loan defaults, and some benefits of the handout for student loans "might be captured by colleges themselves in the form of higher prices (both tuition and net)," the Wharton study stated......
https://www.foxnews.com/politics/co...dent-loan-giveaway-spent-130-million-lobbying
====================================
How they can raise tuition again. College tuition is rising 189% faster than the cost of living.