Taxpayers should not pay this bill [letter] | Letters to the Editor

Why should we as taxpayers pay a penny to reduce student debt?

According to the National Center for Education Statistics, at the end of fiscal year 2020, the market value of college and university endowments was $691 billion. Local colleges seem to employ more staff for fundraising than for career counselling.

Why has no one demanded that colleges and universities take responsibility for student debt? The current ruling party refuses to even suggest attacking what is essentially their breeding ground by pushing to reduce skyrocketing tuition fees or helping to repay loans.

Note to US Representative Alexandria Ocasio-Cortez: Boston University, your alma mater, has $3.4 billion in its coffers. Why don’t you insist that it pay off or help pay down student loan balances?

I have a better, more compassionate suggestion. Want to soften the blow to “suffering”? Why not sweeten it for those who really suffer: the long-term medical patients who didn’t choose to get sick?

College students have chosen to go into debt, and they should be adults and repay as they have contractually agreed to do.

Michel Jungkurth

Township of Mannheim

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