2016 Postmortem
Related: About this forumTrump tests new message on college affordability, a key issue for Clinton
By Jose A. DelReal and John Wagner September 22 at 10:37 PM
ASTON, Pa. Donald Trump said Thursday that he would make lower college tuition a priority in his administration, his most extensive remarks to date on college affordability, an issue that Hillary Clinton has made central to her pitch to millennial voters.
Addressing a rally here, the GOP nominee said that universities should use their tax-free "multibillion-dollar endowments" to help students with tuition and debt, but that instead too many sit on the funds or invest them.
Instead these universities use the money to pay their administrators, to put donors names on their buildings, or just store the money, keep it and invest it. In fact, many universities spend more on private-equity fund managers than on tuition programs, he said. But they should be using the money on students, for tuition, for student life and for student housing. That's what it's supposed to be for.
Trump said that he would work with Congress to encourage universities to lower tuition costs or risk losing federal tax breaks. But he offered few other specifics Thursday night. The students are choking on those loans. They can't pay them back. Before they start, they're in trouble. And it's something I hear more and more and it's one of the things I hear more than anything else, he said.
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https://www.washingtonpost.com/news/post-politics/wp/2016/09/22/trump-tests-new-message-on-college-affordability-a-key-issue-for-clinton/?wpisrc=nl_politics&wpmm=1
eShirl
(18,466 posts)underpants
(182,270 posts)If they did there'd be no more endowment.
Does this dumbass know anything about investing and finance?
yellowcanine
(35,692 posts)Last edited Fri Sep 23, 2016, 09:41 AM - Edit history (1)
Seriously he would be better off keeping quiet about this. The one-liner at a debate or the election ad writes itself.
GreenPartyVoter
(72,377 posts)alcibiades_mystery
(36,437 posts)Headline says it all. Our press is a shambles.