Biden’s Student Loan Forgiveness Plan Makes the Poor Pay for the Rich
[ad_1] A year after the Supreme Court struck down President Biden’s student loan forgiveness plan, he presented a new scheme to the Department of Education on Tuesday. While it is less aggressive than the prior plan, this proposal would cost hundreds of billions of taxpayer dollars, doing more harm than good. As the legendary economist […]
The Non-Profit Industrial Complex Helps Keep the Student Loan Debt Crisis Going
[ad_1] In some of the latest news on the student loan debt crisis, the pause in federal student loan payments that has been in effect since March 2020 may soon come to an end, and Senator Elizabeth Warren is out with another one of her famous plans that would attempt to make the peonage a […]
Can We Stop Bleeding the Taxpayers to Cover Unpaid Student Loans?
[ad_1] In one of the nation’s greatest blunders, we (that is, our representatives in Congress) decided to subsidize higher education with easy-to-get loans for anyone who wanted to give college a try. The total of student loan debt is $1.7 trillion; some of the debtors can’t pay back what they owe, and our “compassionate” political […]
Who Deserves Student Loan Forgiveness?
[ad_1] What is the libertarian analysis of the student loan forgiveness policy now being implemented (subject to Supreme Court approval) by the Biden Administration? Before we can offer any such examination, let us consider the following. The government first boosted tuition into the stratosphere by requiring all sorts of silly reports of universities, which necessitated […]
Why Student Debt Cancellation Is Reasonable, Not Radical
[ad_1] Yves here. As sometimes happens, yours truly will beg to differ with the premise of a post. The problem is any debt cancellation scheme will not be fair. There will be limits. Some will be enriched who are able to pay and others will not get sufficient relief. More complex means testing to try […]