Biden's student loan forgiveness is a bad idea. So is not taxing colleges and universities

Contributing sentiments towards policy:

57% : In addition to being exempt from federal income taxes, public and private colleges and universities are frequently exempt from state income taxes, sales taxes and local property taxes.
56% : For public universities, hospital revenues composed 16% of revenues in 2019, nearly as much as the share of income generated by tuition (20%).
51% : However, the American Rescue Plan Act of 2021 (ARPA) temporarily exempted these plans from taxation through 2025, providing borrowers with a second windfall.
51% : Because these institutions have been granted tax-exempt status, they do not pay federal income taxes on the income they receive from tuition payments, ticket sales, patent royalties and TV broadcast revenues.
48% : Furthermore, since the TV networks can deduct their payments for broadcast rights as business expenses, this income is fully exempt from federal income tax.
47% : But the bigger windfall is the tax exemption for public and private colleges and universities, the very institutions that pocketed the $132 billion in tuition those loans financed.MILLIONS OF STUDENT LOAN BORROWERS STILL AREN'T PAYING THEIR BILLSUniversities have used their tax-exempt status to become big businesses, and they should be taxed as such.
47% : But the bigger windfall is the tax exemption for public and private colleges and universities, the very institutions that pocketed the $132 billion in tuition those loans financed.
46% : The Biden administration continues to cancel billions in student loans despite the Supreme Court's rejection of the president's plan to forgive up to $430 billion in student debt.
43% : They can also take advantage of tax-free bonds.

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