Bernie Sanders' New Plan Would Cancel Hundreds of Billions in Student Debt, But Reward the System That Created This Crisis

Student loan debt is no laughing matter, and millions of Americans are struggling with its burdens.

While progressives seem to be entirely unconcerned with debt if the government is the debtor, independent Sen. Bernie Sanders of Vermont and Democratic Rep. Pramila Jayapal of Washington have proposed a plan that could dismantle lending for students in its entirety.

While the College for All Plan does not absolve extant student loan debt, that does not mean Sanders and Japayal are uninterested in abolishing that, too.

30%. 70%. "While President [Joe] Biden can and should immediately cancel student debt for millions of borrowers, Congress must ensure that working families never have to take out these crushing loans to receive a higher education in the first place," Jayapal said.

While the left will often blame the student loan crisis on a failure to invest in public universities, the opposite is actually true.

According to Jimmy Sengenberger, the founder and director of the Millennial Policy Center, "The real cause of the student loan debt crisis is clear: Liquidity provided by the federal government enables colleges and universities to raise their prices."

"Unsurprisingly, student loan debt has doubled since the HCERA," he wrote.
 

https://www.westernjournal.com/bernie-sanders-new-plan-cancel-hundreds-billions-student-debt-reward-system-created-crisis/