> The institutions should be held liable for this debt, not the tax payer, and our government should not guarantee or subsidize these loans.
This seems fair to me. Many universities have tremendous endowments and should be in a position to offer financing to their students. The extent of government subsidy could be no tax on the interest gained from the loans they write.
It seems like the paradise papers at large and especially the connection to higher ed have been largely forgotten and maybe never fully acknowledged in the mainstream.
https://www.icij.org/investigations/paradise-papers/universi...