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Exactly, this is pure PR the headline should be “Government Fulfills Terms of Loans it Failed to Meet”
by nr2x 5y ago
Exactly, this is pure PR the headline should be “Government Fulfills Terms of Loans it Failed to Meet”
- lotsofpulp 5y agoAlternative could also be “government obfuscates prices for education and certain types of labor by offering nebulous benefit, the cost of which can be subject to much manipulation for purposes of presenting it as a low cost benefit”. It would be straight forward to simply pay for higher education expenses directly, with much less bureaucracy and more transparent pricing, allowing for better allocation of society’s resources. But, as always, that would reduce the avenues for corruption, and so the politically viable option is the circuitous option.
- nr2x 5y agoThis is the Cal system before Reagan basically. Generated more than a few Nobels in addition to the educational mission.
- frumper 5y agoCalifornia state university tuition was heavily subsidized by taxpayers 50 years ago. It’s less subsidized today and it’s still over 50% taxpayer funding. That feels like the opposite of transparent pricing.