Fixing the Cost of College: Make Schools Back up Loans, GOP Needs a Plan, The Enrollment Cliff
3 Martini Lunch – Political Humor & Commentary
Radio America
4.6 • 1.5K Ratings
🗓️ 12 April 2024
⏱️ 29 minutes
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Summary
First, they cheer Florida Gov. Ron DeSantis for arguing that colleges and universities should back up the cost of student loans if their graduates are not able to find jobs with high enough salaries to pay them back. He says it's not only right because the schools benefit immensely from student loans but it would also force schools to focus on subjects in which their students can find good jobs.
Next, they also welcome their friend Inez Stepman's idea of taxing the endowments of colleges and universities, instead of allowing schools to treat them like hedge funds. Beyond that, they implore Republicans to come up with a coherent message other than opposition to what Biden is doing. Americans are furious about Biden's shifting of this debt onto the rest of taxpayers, but without an actual plan to address the problem, Republicans are not doing taxpayers or themselves any favors.
Finally, they note the coming higher education "enrollment cliff," as the number of high school graduates is expected to drop considerably in the next few years. Will that refocus the priorities of these universities? And how will greater interest in trade schools impact all of this?
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| 0:00.0 | Welcome to the Three Martini lunch. |
| 0:04.6 | Grab a stole next to Greg Carumbus of Radio America and Jim Garrity of National Review. |
| 0:09.4 | Three Martini's coming up. |
| 0:11.6 | Hey, really glad to have you with us. Three Martini's coming up. |
| 0:18.0 | Hey, really glad to have you with us for the Friday edition of the Three Martini lunch. We are once again going to have an episode all on one topic, but no, it's not going to be OJ again this time. |
| 0:24.3 | We had a long and detailed conversation about him yesterday, |
| 0:27.2 | and thank you to those for your comments on that. |
| 0:30.5 | If you haven't heard it yet, I encourage you to today though, and this was not intentional, once again, just the way the topics lined up, the issue is higher education, and specifically the cost of higher education, but also the Biden administration's relentless efforts to flout the law |
| 0:45.9 | and unilaterally provide what they call student loan debt forgiveness or relief rather than really just transferring it from the actual people who took out the |
| 0:57.3 | loans to people who didn't. |
| 0:59.4 | And obviously that's unfair, we'll talk about that in a number of different ways, but is there a |
| 1:04.2 | solution to this situation and the answer to that is there certainly could be. |
| 1:08.4 | And Florida Governor Ron Desantis is one of those people. He was asked about this issue. I think this was yesterday and he certainly made it clear that he thinks Biden does not have the power to do what he's doing. |
| 1:19.0 | Also that he shouldn't and that if there's going to be anyone on the hook for these loans if students come out with degrees that cost them a ton of money and they don't have the means to pay it back, |
| 1:28.0 | well, maybe where they got that degree should be on the hook for this as well. |
| 1:33.2 | So here's what DeSantis had to say. |
| 1:34.7 | What he's proposing illegally, he doesn't have the authority to do it, |
| 1:38.4 | is to basically say, you know, if you're a truck driver, |
| 1:41.4 | you didn't go to college, you don't have student debt, sorry, you're a truck driver you didn't go to college you don't have student |
| 1:43.4 | debt sorry you're gonna have to pony up to pay the student loans of somebody you |
| 1:49.2 | know who maybe got a degree in sociology or something and is not gainfully employed and can't afford the loans. |
| 1:55.4 | That is not fair and that's not something I've ever supported. |
... |
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