Tag Archive for Student Loans

Two Billion Dollars For This.

Are we getting bang for the buck or being ...

Michigan spends two billion dollars a year funding its colleges and universities.

Michigan is required to support through appropriation our institutions of ‘higher learning’ as described in Section 4 of Michigan’s constitution:

§ 4 Higher education institutions; appropriations, accounting, public sessions of boards.

Sec. 4.

The legislature shall appropriate moneys to maintain the University of Michigan, Michigan State University, Wayne State University, Eastern Michigan University, Michigan College of Science and Technology, Central Michigan University, Northern Michigan University, Western Michigan University, Ferris Institute, Grand Valley State College, by whatever names such institutions may hereafter be known, and other institutions of higher education established by law. The legislature shall be given an annual accounting of all income and expenditures by each of these educational institutions. Formal sessions of governing boards of such institutions shall be open to the public.

What this does not stipulate however, is the amount to be taken from our wallets and given to these indoctrination centers.

The video to the right is an example of the enlightenment your kids might experience in the pursuit of intellectual exceptionalism.  We feed this nonsense by acquiescing to higher taxes and remaining silent when our representatives sell us out to the money interests and the left which profits heavily from our laziness.

Perhaps it is time to starve the beast.

You Betcha! (9)Nuh Uh.(0)

Does EMU Have a Guilty Conscience?

Ivory Tower Finances in Michigan: No Pocket Left Unpicked, Other People's Crumbs for the Students!

Greed Image 2
In June, the EMU Board of Regents unanimously voted a 7.8% increase in tuition for students. Their new tuition rate for Michigan residents is $ 10,417.00 per year. This $ 754.00 annual increase – about four times the rate of inflation – was justified on the grounds that EMU’s tuition was thirteenth among Michigan’s major public universities. Its not like EMU’s past tuition increases had been held below the rate of inflation, its just that they had been more circumspect about raping forcing their students into perpetual debt slavery.

EMU specializes in disciplines which don’t command especially high wages, but they do generally qualify for our fearless leader’s Income Driven Repayment (IDR) debt forgiveness plans. So the EMU President and Regents probably figure that it is long past time time to tap the federal taxpayers for their grand delusions ambitions through their victims students. Who would notice a few millions more in delinquencies in a program which already has $ 187 billion in delinquencies?

You Betcha! (14)Nuh Uh.(0)