[kgdiem]

> The institutions should be held liable for this debt, not the tax payer, and our government should not guarantee or subsidize these loans.

This seems fair to me. Many universities have tremendous endowments and should be in a position to offer financing to their students. The extent of government subsidy could be no tax on the interest gained from the loans they write.

It seems like the paradise papers at large and especially the connection to higher ed have been largely forgotten and maybe never fully acknowledged in the mainstream.

https://www.icij.org/investigations/paradise-papers/universi...

https://en.wikipedia.org/wiki/Paradise_Papers

[ThrowawayR2]

Anytime you hear somebody claiming that university endowments aren't being used or aren't fully being used to aid students, you can safely dismiss their other opinions as being uninformed.

There's a lot of articles out there about what endowments are and the restrictions on how they can be used, e.g. https://www.case.org/resources/debunking-5-myths-about-endow...

[webworker]

> Many universities have tremendous endowments and should be in a position to offer financing to their students.

This is exactly why every time my university comes calling for donations, I decline. Sorry, but I'm not making a donation that you'll use to rebuild a stadium when you're setting your students up to graduate with six-figure debt. Figure your priorities out, whether you want to educate students or play tone-deaf real estate developer.