Last week we wrote about Trump’s plan for education in the United States using his campaign web page as reference.
A large part of Trump’s education plan is the “American Academy.” He explains it in this video posted on “X.”
Jack Montgomery on X: “Trump’s best education policy, announced as part of ‘Agenda 47′ in November 2023, is the American Academy. This completely free, online institution, funded by taxes on woke universities’ endowments, will offer full degrees, and college credits to people with incomplete degrees: https://t.co/0GWnJmloWK” / X
One of the most interesting parts of this plan is the idea that large universities endowments need to be taxed, particularly in this era of ridiculously high college tuition. Here are the top ten endowments in the U.S. by university: (this data was by September 30, 2022.)
Many schools use these endowments for various purposes, such as scholarships to some students, new buildings, financial assistance to deserving students, etc.
At the same time, in the last 20 years, college tuition and fees have increased by 42% for private national universities. Out of state tuition and fees have increased by 32%. In-state tuition and fees at public National Universities have grown about 45%.