Earlier this year on the presidential campaign trail, Senator Elizabeth Warren of Massachusetts laid out her higher education platform, including a student loan jubilee and free college. In the Medium article announcing her vision, she claimed that “the result [of rising college costs] is a huge student loan debt burden that’s crushing millions of families and acting as an anchor on our economy.”
Soon after, Senator Bernie Sanders of Vermont followed with a generous plan of his own, echoing the alarm conveyed by Warren. He explained: “[My plan] forgives all student debt and ends the absurdity of sentencing an entire generation to a lifetime of debt for the ‘crime’ of getting a college education.”
These presidential hopefuls are promising to spend trillions of taxpayer dollars to bail out a generation of young people drowning in debt. A worthy aim — if it were true.
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