When it comes to student loans, don’t forgive and forget
Education,Economy And Jobs,Student Loans,Joe Biden,Education Department,2024 Presidential Election,Banking And Finance,Inequality
“From day one, my administration has been committed to fixing the broken student loan system,” President Joe Biden said to begin a video about his latest attempt to buy the college-graduate vote.
Whenever Biden calls something “broken,” reach for your wallet.
According to the White House, Biden’s student-loan forgiveness package should result in 4 million Americans seeing their college debt wiped clean; more than 10 million enjoying a reduction of $5,000 in debt relief; and the elimination of accrued interest for 23 million additional borrowers.
Forget, just for the moment, the cost to taxpayers.
What frosts me is the left’s apparent belief that loans shouldn’t be treated like, well, loans — at least for folks who went to college. To liberals, it is just plain mean to argue that adults who benefit from higher education should pay off the loans they accepted with open eyes.
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