I’m sorry, but it is not the job of tens of millions of taxpayers to pay the debts of other people. I’m sorry if they got in over their heads or a college used deceptive practices to “trick” somebody into attending their school, but that is not the fault of a kid that went straight to work as a diesel mechanic after high school and made a good life for himself. It’s not the fault of a fifty year old attorney who went to Harvard and paid off all of his loans when he was in his early 40’s.
Here’s what I would support. I would support the government subsidizing an elimination of all college loan interest on existing loans. At an average annual rate of about 5% per loan, that would save – and thus stimulate the economy with – about $100 billion a year.
I would also very much support our education system covering more options for high school students or recent high school graduates. I don’t want to specifically say that the answer to that is free community college (as is being discussed now) because we lose far too many students well before high school graduation. I see kids every day that have just enough motivation to cheat or half-ass their way through high school, but they’ve never been given any reason to care about it because we give them so few options during their high school experience. Free community college for two years is fine, but high schoolers need more trade / occupation / graduation pathways, as well.
Original source can be found here.
