Student loans

Well that's why he has not done anything yet. The socialists of the party are demanding it and he knows it's a losing issue. Honestly if I was his advisor I would say go ahead and do it, its not like the right wing would give him any credit for resisting. They will campaign on it anyways in 2024 whether he does it or not.

The far left doesn’t care for just $10,000, so he’s not even going to get credit from them either.
 
I think what he is doing is both bad policy and bad politics. When someone insists on being dumb my instinct is to get some popcorn and sit back and enjoy. The world can be a hard place when you insist on doing dumb ****.

There are many, many better ways of becoming educated than getting a 4 year degree now. I would say it would be hard not to do better via independent studies over the same 4 years. It's really just a social club at this point.
 
https://www.thecollegefix.com/uw-madison-sees-no-improvement-in-campus-climate-despite-millions-invested-in-dei/

There has been no improvement in the UW-Madison campus climate over the last six years despite the public university pouring millions of dollars into programs and staff positions to support diversity, equity and inclusion.

“Students of color, students with disabilities, nonbinary students, transgender students, and other LGBTQ+ students responded less positively than their counterparts” when rating whether they feel welcome, safe and respected, according to the results of a recently released campus climate survey.

“The gap in reported perceptions between these students and other students did not change between 2016 and 2021,” the survey found.

Outgoing Chancellor Rebecca Blank said the survey results were disappointing and she hopes her replacement can do a better job on diversity.



Over the last six years, the university hosted a number of diversity improvement projects and events. Most recently, it completed construction of a $510,000 Divine Nine Garden Plaza, a space which commemorates historically Black Greek life on campus, paid in part through donations.

The school’s Black Student Union also has an approved budget of nearly $25,000 for the coming school year.

Earlier this year, the school paid speaker Nikole Hannah-Jones $55,000 for a Martin Luther King Day address, during which the “1619 Project” creator criticized conservatives.

In August 2021, the university spent an estimated $50,000 to relocate a boulder on campus that some students labeled racist because it was referred to as a racial slur once by a local reporter in the 1920s. That specific expense was shouldered by private donations, campus leaders said.

Also that month, UW-Madison hosted a “Welcome BBQ” intended only for students of color. The barbeque was one of many DEI events held during the fall 2021 semester, such as a presentation on “Understanding And Minimizing The Role Of Implicit Bias In Microaggressions,” and a university-sponsored march to support “Latinx culture.”

Moreover, during the fall 2021 semester the university also hired nine new mental health providers, three of whom “will exclusively serve students of color, joining eight providers already in this role,” officials said at the time.

In 2020, the university hosted “White Fragility” author Robin DiAngelo, who said during her talk that white students’ opinions on race are likely “uninformed and superficial.” DiAngelo was paid $12,750 for her three-hour address, which included her talk and a Q&A, The College Fix reported at the time.

Also that year, the university’s athletics department paid to have alterations made to athletic uniforms to make the school’s campus crest feature a black “W” instead of the traditional white one as a “sign of solidarity” with black and other underrepresented communities.

In 2017, the university offered free menstrual products in several of campus bathrooms — including some men’s restrooms.

The university maintains a hate and bias reporting system on which students can report to campus officials microaggressions, degrading language, vandalism, harassment and other incidents. “The site began taking reports at the school in 2016, at a cost of $60,000 per year,” the Dispatch reported.

The public university also facilitates diversity trainings for various academic departments. For example, the staff of the College of Agriculture and Life Sciences is required to undergo annual professional development in anti-racism training.

UW-Madison also currently employs eight leaders in its Diversity, Equity and Inclusion division: a deputy vice chancellor for diversity and inclusion, senior operations officer, deputy Title IX coordinator, assistant vice provost for strategic diversity, equity and inclusion administration, financial administration director, senior director of external relations, director of development, and a director of strategic diversity planning and research.

Public records show their base salaries total roughly three-quarters of a million dollars each year, and that does not include their fringe benefits, such as health insurance or other perks. Additionally, a keyword search in the UW-Madison public salary database for “diversity” and “equity” turned up dozens of results.


——————

I would’ve thought moving the boulder would’ve translated into better numbers. Disappointing.
 
6 years ago all those oppressed people had no idea they were being oppressed.

Then the university spends.fortunes to tell them how hard they have it... And shockingly, the survey now validates that

These are supposedly the enlightened intellectuals who are ruining everything
 
Would be more funny than anything if the costs were being borne by the folks involved. It becomes less funny and more infuriating in the context of the $1.7T student loan forgiveness conversation.
 
https://www.nbcnews.com/news/amp/rcna39964

WASHINGTON — A little more than a month before the student debt moratorium is scheduled to end, the federal government has told loan servicers not to contact borrowers about resuming payments, a trade group official said Monday.

The Education Department has been telling loan servicers not to reach out to borrowers as recently as “the last couple weeks,” said Scott Buchanan, the executive director of the Student Loan Servicing Alliance, which represents all of the companies that service the federal loans subject to the administration’s moratorium.

 
https://www.gao.gov/products/gao-22-105365

Although the Department of Education originally estimated federal Direct Loans made in the last 25 years would generate billions in income for the federal government, its current estimates show these loans will cost the government billions. Education originally estimated these loans to generate $114 billion in income for the government. Although actual costs cannot be known until the end of the loan terms, as of fiscal year 2021 these loans are estimated to cost the federal government $197 billion. This swing of $311 billion was driven both by programmatic changes and by reestimates using revised assumptions (e.g., economic factors and loan performance) as additional data became available (see figure).


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https://www.gao.gov/products/gao-22-105365

Although the Department of Education originally estimated federal Direct Loans made in the last 25 years would generate billions in income for the federal government, its current estimates show these loans will cost the government billions. Education originally estimated these loans to generate $114 billion in income for the government. Although actual costs cannot be known until the end of the loan terms, as of fiscal year 2021 these loans are estimated to cost the federal government $197 billion. This swing of $311 billion was driven both by programmatic changes and by reestimates using revised assumptions (e.g., economic factors and loan performance) as additional data became available (see figure).


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Sunk cost, just forgive them all. :P
 
That $311 billion variance between expected benefit and realized cost might actually be pretty good relative to other government financial projections.
 
Less than 2 weeks until the student loan payment freeze is scheduled to end - still nothing from Biden. Will he finally show a little leadership and do the right thing, allowing payments to restart?
 
Less than 2 weeks until the student loan payment freeze is scheduled to end - still nothing from Biden. Will he finally show a little leadership and do the right thing, allowing payments to restart?

The bar is incredibly low. Wasn’t the justification of eviction and loan repayments because of the pandemic?

Other than California and NY, isn’t everyone pretty much back to normal ?
 
The bar is incredibly low. Wasn’t the justification of eviction and loan repayments because of the pandemic?

Other than California and NY, isn’t everyone pretty much back to normal ?

Yeah but according to Democrats those are the only states that matter
 
Rather than wide scale forgiveness, end the pause, but give 3 years of interest free payments. That would help people knock down some principal
 
The system is so broken. Tuition will continue to balloon with more admin bloat with no recourse. Benefit will go down.
 
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