Tom D
Elite Member
- Joined
- May 22, 2015
- Professional Status
- Certified Residential Appraiser
- State
- Pennsylvania
Congress may soon pass legislation that will tax the annual multimillion-dollar income from multibillion-dollar endowments at somewhere between 15% and 20%.
There will be no more “overhead” or “surcharges” on government campus grants allowed larger than 15%.
Those two reforms alone could cost some of the richest campuses nearly a half billion dollars a year in lost income.
Racially offensive DEI programs will disqualify schools from federal support.
Foreign student guests who break US laws or violate university rules will have their visas yanked.
Campuses will have to abide by the First, Fourth, Fifth and Sixth Amendments of the Bill of Rights or forgo federal funds.
All these remedies enjoy broad public support.
For the first time in memory, a majority of Americans disapprove of current higher education.
Only 10% of Americans believe an Ivy League degree translates into becoming a better American worker.
In a nation of declining fertility, smaller numbers of youths choosing college and a federal government $36 trillion in debt, universities have very little leverage.
They can return to the original mission of offering rigorous, meritocratic and disinterested education, guarantee constitutional protections for all on campus and slash their vast administrative bloat.
Or continue as they are, ensuring only further mediocrity, public dislike — and eventual irrelevancy.
There will be no more “overhead” or “surcharges” on government campus grants allowed larger than 15%.
Those two reforms alone could cost some of the richest campuses nearly a half billion dollars a year in lost income.
Racially offensive DEI programs will disqualify schools from federal support.
Foreign student guests who break US laws or violate university rules will have their visas yanked.
Campuses will have to abide by the First, Fourth, Fifth and Sixth Amendments of the Bill of Rights or forgo federal funds.
All these remedies enjoy broad public support.
For the first time in memory, a majority of Americans disapprove of current higher education.
Only 10% of Americans believe an Ivy League degree translates into becoming a better American worker.
In a nation of declining fertility, smaller numbers of youths choosing college and a federal government $36 trillion in debt, universities have very little leverage.
They can return to the original mission of offering rigorous, meritocratic and disinterested education, guarantee constitutional protections for all on campus and slash their vast administrative bloat.
Or continue as they are, ensuring only further mediocrity, public dislike — and eventual irrelevancy.
