The colleges' role in the student loan crisis

"Here is how the education industrial complex works.

 The universities spent $130 million lobbying to get this loan forgiveness done. The university needs money to pay for the vast overhead created by all the costs of the DEI staffs and the high operating overhead of all the amenities they now offer. 

So, they raise tuition, and then convince students to take out loans to cover the tuition which is really to cover their inflated operating budget. The student wants to attend, so they borrow, not understanding the economics of what they are doing. 

The government makes the loan with no assessment of ability to repay, or if the course of study is one that will provide a job paying enough to cover repayment. The school gets its operating costs covered by getting the students to borrow the needed working capital to operate the school. They then can put donations from rich guys who want their kid admitted, into their huge endowment which is just a giant investment portfolio. 

So now the university has gotten the student and the government to cover their operating costs, with zero liability to the university for the borrowed funds. It is magic. It is a total scam.

Meantime they have courses like gender studies, or others that have nil value to the student or employers when they graduate. So now the kid has no way to earn enough to pay the loan that financed the university operating budget. That is the reality of student loans. Universities are a corrupt cabal now destroying a whole generation with nonsense courses, and no free thought allowed. This will harm the nation for many years. This is one more example of why we are fighting the Amy Wax war. Between teachers’ unions and university corruption and ideology, we are in real trouble educationally."

(The Ross Rant, 8/27/22)

Comments on Amy Wax mentioned above: "On Dec. 20, Wax in an interview with Glenn Loury, a professor at Brown University, said that since “most” Asian Americans support the Democratic Party, “the United States is better off with fewer Asians and less Asian immigration.”

After backlash to those remarks, the University of Pennsylvania Carey Law School’s Dean Ted Ruger announced on Jan. 14 that he had initiated a faculty review process that could result in sanctions imposed on Wax." (Daily Princetonian, Jan. 27, 2022)

The real "love it or leave it" is in the religion of woke

Amy Wax a law professor at the University of Pennsylvania was invited to speak on racial equality at Bucknell University, a small private school founded by Baptists in the 19th century. The campus religion there is now the Church of Woke, and they are scary fundamentalists. These rituals which are also performed at other colleges followed that announcement, according to Prof. Alexander Riley, in "Woke Totemism," First Things, Aug/Sept. 2019.

• The faculty email list exploded with vituperative attacks on her.
• Her works were characterized in scatological terms.
• The abusive language was justified as the prerogative of marginalized minority groups.
• White supremacy has excluded minorities from discourse in the past was the reason.
• Wax's published writings are the equivalent of a swastika or a burning cross.
• Students who invited her are fascists who could be violent and assault students of color.
• Departments sponsoring her lecture were denounced and one rescinded its contribution due to pressure
• Trauma counseling was suggested for students and faculty harmed by her lecture
• Faculty were encouraged to attend a conference on the state of being white as a grave threat to American democracy.

https://www.firstthings.com/article/2019/08/woke-totemism

And he goes on to explain the emotional, physical and superstitions of Woke Totemism based on Emile Durkeim's description of primitive religions and compares classic totemism with today's rituals of multiculturalism.

The virtuous victim (the members of the cult) may outwardly appear similar to Christ on the Cross, but they lack saving power or the will to do good. And this church will only get more shrill and angry.