Letter: Colleges should forgive loans
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Several articles have been written about students unable to pay their loans ["Student-loan debt rises to record $904B," Business, June 1].
A simple Internet search reveals that the top 100 universities are sitting on more than $200 billion in endowments. Since our Congress is always talking about stimulus, imagine what parents could do with the money spent annually to send their children to college.
I call on colleges to forgive loans taken by students who graduate in four years with a 3.0 grade-point average. By my cocktail-napkin math, in two years, this would cost less than 10 percent of their massive endowments and jump-start our economy.
With all the talk of corporations sitting on their cash, why should these honorable institutions escape criticism?
Sarra Sounds Off, Season 3, Ep 3: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Northport and Half Hollow Hills East matchup, plus Tess Ferguson has an update on the high school fantasy football standings and Jared Vailuzzi has the plays of the week.
Sarra Sounds Off, Season 3, Ep 3: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Northport and Half Hollow Hills East matchup, plus Tess Ferguson has an update on the high school fantasy football standings and Jared Vailuzzi has the plays of the week.
