“Tuition will never come back to Earth if we bail out those who borrowed more than they could repay,” Mike Rowe writes.
Making taxpayers assume student debt might score short-term political points but doesn’t address the underlying problem: why college costs so much while delivering so little.
Changing the financial rules about college moving forward is a separate debate. Changing the rules retroactively, however, is dishonorable and unjust.
Democratic contenders for the presidential nomination are talking a lot about higher education, and it seems they want ‘free’ everything except for speech.
Just as with every other spending decision in life, not every prospective college kid can afford his or her ‘dream school.’ Adults need to help students make prudent choices about their financial future.
Part Two of the original proposal was that the federal government would pay for the loan cancellations by eliminating most of its grants to higher education institutions.
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