Warren wants to eliminate some or all student debt for those with incomes as high as $250,000.
Student indebtedness is just one negative side effect of government subsidies.
The federal student loan doles out ever greater amounts of easy money at subsidized interest rates, thus pushing college tuition well above anything a free market could ever support.
Until market discipline is imposed on free-spending and tuition-hiking college administrators, no amount of loan forgiveness will ever be enough to give students a fair deal for their money.
What happened is that colleges took advantage of the unlimited money the government is funneling to them by causing greater student debt.
This is why President Barack Obama referred to the problem as a crisis not just of debt, but "Of college affordability and student debt." There is no way to deal with the latter without dealing with the former.
Things will actually get worse if students no longer think twice about taking on that first $50,000 in debt.
https://www.washingtonexaminer.com/opinion/editorials/theres-no-point-forgiving-student-loans-if-you-dont-punish-their-schools-greed
Student indebtedness is just one negative side effect of government subsidies.
The federal student loan doles out ever greater amounts of easy money at subsidized interest rates, thus pushing college tuition well above anything a free market could ever support.
Until market discipline is imposed on free-spending and tuition-hiking college administrators, no amount of loan forgiveness will ever be enough to give students a fair deal for their money.
What happened is that colleges took advantage of the unlimited money the government is funneling to them by causing greater student debt.
This is why President Barack Obama referred to the problem as a crisis not just of debt, but "Of college affordability and student debt." There is no way to deal with the latter without dealing with the former.
Things will actually get worse if students no longer think twice about taking on that first $50,000 in debt.
https://www.washingtonexaminer.com/opinion/editorials/theres-no-point-forgiving-student-loans-if-you-dont-punish-their-schools-greed
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