New York To Push For Student Loan Forgiveness?
Student loand forgivenss is only one among many changes Governor Cuomo wants to make.
Jay Tokasz of The Buffalo News writes:
Cuomo calls for student loan forgiveness among other higher education initiatives
Gov. Andrew M. Cuomo’s proposals Wednesday to bolster higher education included forgiving student loans for some recent graduates living in New York, providing free tuition for students who commit to teaching after they earn their degrees and increasing spending by $50 million on the State University of New York system.
Cuomo also announced plans to better link community colleges with employers to provide training for workers and to invest more in a state venture fund aimed at assisting start-up companies across the state. Pointing to Stanford University and Silicon Valley as a model, Cuomo said communities across New York can reap similar economic benefits from colleges and universities.
“That can happen here in New York, but we have to make the investment,” he said.
The venture fund helps keep small start-up companies with big potential from moving out of New York to seek better funding opportunities, Cuomo said.
“Let’s invest in our home-grown companies and keep the jobs here now,” he said.
University at Buffalo President Satish Tripathi, who was in Albany for Cuomo’s speech and presentation, said the governor appeared to be building upon other initiatives that leverage higher education as an economic driver, including Start-Up New York. That initiative has resulted in 24 companies and 1,200 jobs being located around the UB campus.
Cuomo calls for student loan forgiveness among other higher education initiatives (The Buffalo News)
Comments
The governor simply doesn’t understand the realities. New York doesn’t compete well for jobs because of two basic reasons: 1) are taxes are among the highest in the nation and 2) we have too many regulations and are constantly increasing them, adding new burdens for businesses. The governor thinks that employers love to hear “we’re from the government and we’re here to partner with you,” when what businesses want to hear is “We’re from the government and will get out of your way and leave you alone.” So, we have all kinds of special districts for businesses and government grants, with the government picking winners and losers. Meanwhile, TX and NC make it easy on business, they get the jobs. Also unsaid is NY’s union penetration, 25%, the highest in the nation while NC is the lowest at 2%. Business leaders never talk about this because the National Labor Relations Board won’t allow it, but they think it and locate jobs based on it. That’s the real world.