MOSCOW, Idaho, September 22, 2022 /PRNewswire/ — New Saint Andrews Collegeone of the few colleges across the United States to refuse federal money, takes a stand against the White House’s attempt to cancel federal student loans and calls on more schools to speak out against Biden’s plan.
“Redistributing federal student loan debt to taxpayers reinforces bad financial decisions, ruins public confidence in higher education, exacerbates our current inflationary economy, penalizes colleges that refuse to accept federal funding, and prolongs the game. hide-and-seek of higher education with the financial realities,” says Dr. Benjamin Merkelpresident of the Idaho-Christian college of liberal arts.
“I called it our ‘Big Ed’ problem,” Dr. Merkle said. “I believe that more and more parents and students have added higher education to a growing list of other ‘big’ companies that abuse power for easy money.”
Dr Merkle added that many political leaders on both sides of the aisle can see the road this is taking us and how it is leading to an even more precarious position than it already is.
Dr. Merkle gave three reasons why more colleges should oppose this new program.
- First, Biden’s plan doesn’t actually cancel student loan debt. He simply redistributes it to other taxpayers – many of whom have not attended college or have already paid off their debt. It is neither fair, nor fair, nor just.
- Second, shifting debt from students who signed up for student loan repayments in the first place to taxpayers who didn’t will create a series of ripple effects that will be difficult to control. The young people of our country will learn that loans do not need to be repaid and taxpayers will become more skeptical and bitter towards higher education.
- Third, the more higher education participates in these federal loan programs, the more it becomes dependent on federal aid. Essentially, we are fostering another industrial complex where American industry and government are sucked into a “too big to fail” mindset that promotes highly irresponsible financial behavior. Meanwhile, colleges that refuse to accept federal funding must work even harder to attract students from institutions that are artificially supported by the government and where the true cost of education is obscured by a loan forgiveness program. .
“Unfortunately, most colleges and universities seem to be much more focused on getting easy money to fund their expanding administrative staff and expensive equipment than on financial responsibility, developing rigorous, high-value programs, or the preservation of the fundamental principles that have made our institutions great in the past,” Dr. Merkle said. “This is not how the federal government or higher education should treat hard-working American families. .”
To learn more about New Saint Andrews College, visit www.nsa.edu.
Press contact: Jesse Sumpter
E-mail: [email protected] Phone number: 208-310-0300
Omni cui multum datum est, multum quaeretur ab eo.
To whom we give a lot, we ask a lot.
THE SOURCE New Saint Andrews College