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Varney and Horowitz Blame Liberal Arts Students For High Student Debt (crooksandliars)
Click here to view this media Stuart Varney and David Horowitz are having fun in this clip bashing liberals, liberal students, and liberal arts students in particular, for the insane level of outstanding student debt in this country in response to a reasonable proposal by Rep. Hansen Clarke (D-MI) to forgive student loans after students have paid 10 percent of their income for ten years on them. Before I lash them with my mighty keyboard, let's just review some facts about student debt, specifically with regard to public universities. Because I'm from California, I'm going to use California public universities as an example. In 1960, University of California regents adopted a 246-page master plan for higher education (PDF). Part of that plan expanded on the original master plan for state colleges and universities by providing that every student accepted to a University of California or California State College (back then Cal State schools were colleges, not universities) would be granted a scholarship equal to the costs of their education. In addition, subsistence grants were to be given to students who needed them. Students were selected for admission from the top 1/8th of high school classes for ...
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