She pointed to their practices of “hiking tuition and piling up multibillion-dollar endowments.” Meanwhile, students “graduate six figures in the red.”
McMahon cited a 2015 study to back her claim. It found that “for every dollar of increased federal caps on subsidized loans, colleges raised tuition by 60 cents.”
She criticized universities for offering “worthless” degrees. “Colleges continue to accept students to these programs and encourage them to borrow to pay for them,” she wrote.
McMahon emphasized fairness in her approach.
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