EDUCATION/STUDENT LOANS: “Many middle-class American families are getting ripped off, while tax-exempt colleges and large institutions, frankly — they take these tremendous endowments. You look at the money that they have. They’re making a fortune…
I believe that colleges and universities, their costs have gone up more than anything I can think of. I’ve watched this. And you watch companies, and they’ll keep it the same for years and years. And you watch these colleges and universities and certain institutions, where it just goes right through the roof.
And the reason — there’s no incentive to them to watch costs. You see people at the heads of the institutions being paid a fortune. They don’t care because the government loans the student the money, they pay the money to the college, and then the student graduates from college — maybe a very good college, but they graduate — or university — and they’re stuck with $200,000 in loans that they won’t be able to pay off for a long time.”
-Donald Trump, “Remarks by President Trump at Signing of Executive Order, ‘Improving Free Inquiry, Transparency, and Accountability at Colleges and Universities,'” whitehouse.gov, Mar. 21, 2019