@mcuban
@VivekGRamaswamy
Has anyone mentioned how the DOE spends it’s budget?
60% goes toward Pell Grants and federal student loans. Much of that provides low income students access to higher education.
Another 30% goes to support K-12 special education.
How will eliminating this department and these…
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@pitchingschool
@mcuban
@VivekGRamaswamy
What’s the interest rate on those Pell grants? My interest rates were astronomically high… so great of us to offer 60% of people a generational opportunity to have debt for the rest of their life… and yes then they can refinance it for another 20 years
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@LehnerRob
@mcuban
@VivekGRamaswamy
Grants do not have to be repaid. 5.5% is the rate for federal student loans.
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@pitchingschool
@mcuban
@VivekGRamaswamy
Well, DOE provides several billion dollars per year in discretionary funding and mandatory funding to support nuclear security, clean energy, environmental cleanup, and science and innovation.
ED FY 2023 recieved $270.92 Billion in "budgetary resources" to distribute to its 10…
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@pitchingschool
@mcuban
@VivekGRamaswamy
You are telling me we have to pay the funds to keep the DOE affloat (bldgs, staff, insurance, utilities, etc) and after all that only 30% goes to K-12?!
I was on the fence before, but I now 100% fully support eliminating the DOE.
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@pitchingschool
@mcuban
@VivekGRamaswamy
Because it's not exactly federal money. It's money the feds collect from the state and then parcel back out to the states in the form of grants with stipulations for the school to do and follow exactly what the fed says. Getting rid of the DOE is getting rid of the middle man!
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@pitchingschool
@mcuban
@VivekGRamaswamy
Because you can out it in the hands of the people directly without bureaucratic bloat taking vast majority of it. I'll never understand how people have become addicted to large govt agencies. We didn't always have and we sure as hell don't need it.
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@pitchingschool
@mcuban
@VivekGRamaswamy
Why pay inflated college costs? It's a self funding system. Costs go up, spending goes up, results go down....something is broken.
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@pitchingschool
@mcuban
@VivekGRamaswamy
It is and has always about privatization and getting that money into the hands of donors, er I mean private schools.
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@pitchingschool
@mcuban
@VivekGRamaswamy
The Republicans have that DOE money earmarked for further tax cuts for the top one percent.
That "trickle down" is SURE to work, eventually...
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