Monday, March 06, 2023

A great question nobody is asking about Biden’s student loan giveaway plan

A great question nobody is asking about Biden’s student loan giveaway plan - By Thomas Lifson
  • "...Besides, higher education has devolved into a brainwashing arm of the hard left and has lost all claim to be a general public benefit. 
  • The education cartel has abused the public with tuition escalating at three times the rate of general inflation for about half a century now, financing useless, expensive, and counterproductive administrative bureaucracies that now equal or outnumber teaching faculty at many institutions.
  • But David Catron at American Spectator today raises a terrific point that I have never heard mentioned before, one that should trouble even those who do not share my critique: why should college dropouts be rewarded for their failure to complete the degrees to which they aspired?

...Remarkably, the Biden administration and most Democrats see this as a selling point for the plan. The White House fact sheet puts it as follows: “Nearly one-third of borrowers have debt but no degree, according to an analysis by the Department of Education of a recent cohort of undergraduates.” 

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