Not only does the U.S. federal government own essentially all student loans, but student loans are 45% of its financial assets. https://www.advisorperspectives.com/dshort/commentaries/2018/09/26/the-fed-s-financial-accounts-what-is-uncle-sam-s-largest-asset …
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Replying to @Noahpinion
State gov't cut back on subsidizing college education and passed it on to students. For the future, the Federal gov't should pick up the subsidy (more even geographically & can borrow better through recessions).pic.twitter.com/GtCSPBrjRi
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Replying to @kent_willard
Problem is, subsidies raise tuition. So I say, subsidize poor kids only. That'll shift the tuition burden to rich kids. And do it with grants, not loans.
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Replying to @Noahpinion
How does supplying more housing reduce cost, but supplying more professors increases tuition? I'm good w/ needs based grants, but this doesn't have to be an either/or solution.
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Replying to @kent_willard
Supplying more professors doesn't increase tuition, who the hell told you that?!
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Replying to @Noahpinion
Sorry, confusion in your "subsidies raise tuition". Underscores why subsidies have to target what you want.
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Ah. Yes. Govt. subsidies *will* tend to raise prices, which is why you need to pair it with upzoning so that new homebuyers can buy new houses. This bill has provisions for both; I think they could be more tightly linked.
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