FORGIVING STUDENT DEBT A BAD IDEA

CAL THOMAS COMMENTARY NOVEMBER 20, 2020

         LIBERAL GROUPS ARE PRESSURING JOE BIDEN TO FORGIVE MASSIVE AMOUNTS OF STUDENT LOAN DEBT.

         THIS IS A BAD IDEA FOR SEVERAL REASONS. WHAT ABOUT FUTURE GENERATIONS OF STUDENTS WHO GET INTO DEBT? DOES THE LEFT WANT TO FORVE THEIR DEBT, TOO? BERNIE SANDERS THINKS ALL EDUCATION AT PUBLIC UNIVERSITIES SHOULD BE FREE, BUT OF COURSE NOTHING IS FREE. SOMEONE HAS TO PAY.

         WHAT ABOUT STUDENTS WHO HAVE ALREADY PAID-OFF THEIR LOANS? WON’T THEY FEEL LEFT OUT? WILL THEY GET PAID AFTER THE FACT? I DOUBT IT.

         UNIVERSITIES CONTINUE TO RAISE TUITION SINCE THE FEDERAL GOVERNMENT BEGAN OFFERING GRANTS AND LOANS. MUCH OF IT GOES TO TOP-HEAVY ADMINISTRATION, NOT TO IMPROVING THE EDUCATION OF STUDENTS.

         THERE ARE MANY PUBLIC AND PRIVATE UNIVERSITIES THAT DON’T CHARGE AN ARM AND A LEG. STUDENTS WHO CAN’T AFORD THE MOST EXPENSIVE SCHOOLS CAN GO TO THESE.

         THE VALUE OF A COLLEGE DEGREE HAS BEEN DIMINISHING IN RECENT YEARS, ESPECIALLY IF ONE MAJORS IN SOMETHING NO COMPANY CARES ABOUT – LKE WOMEN’S STUDIES, OR AFRICAN-AMERICAN STUDIES.

         WE CAN’T CONTINUE SPENDING AND GOING DEEPER IN DEBT AS A NATION. IF WE DO, WHO WILL FORGIVE US? I’M CAL THOMAS.

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Cal Thomas

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