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There are over 100 colleges/universities that have endowments of $1 billion or more. Harvard’s alone is $42 billion.
If we want to get serious about easing the burden of student loans and lowering tuitions, we should demand these institutions tap into their bloated endowments rather than penalizing American taxpayers. Another option would be for the federal government to allow those holding student loan debt to refinance their loans at a 1% or 2% interest rate.
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