re: #32 Cheechako

Speaking of the high cost of education, I’ve been mulling over a possible solution. I haven’t completely fleshed it out yet. I’ve been thinking of a process where college loans would be paid for by dedicating the Federal Income Tax paid by a college loan debtor to be directly applied to paying off the student loan. Once the loan is repaid the taxes paid would revert back to the general Treasury. Assuming the earning power would increase over time, the income to the Govt would proportionally increase.

What do you think?

That doesn’t address cost it only addresses payment. Costs, especially at state schools need to come down. With costs increasing so much faster than inflation you have to ask why. In Massachusetts all government employee salaries are public there is actually a database online you can go search. Of the top 50 salaries in the state 49 are in the UMASS system and the last one is the state medical examiner. there are more than 40 different chancelor positions getting over $200,000 a year. The governor only gets like $160000.

The state school system is where aging state legislators go in their golden years to pad their pensions before retiring, usually after a “nationwide search” to fill the position.