To the Editor:
The president’s plan for paying off student debt is ill conceived. Rather than having taxpayers pay for student debt relief, the universities, which encouraged students to take out the loans, should be responsible for paying off the debt related to their students, out of their bloated endowments.
For example, Harvard in 2016 (latest year available) had an endowment of $50.9 billion; Princeton had an endowment of $21.7 billion; and Yale had an endowment of $25.4 billion.
September 20, 2023
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