Category: student debt

Even Karl Marx Opposed ‘Free’ College: Here’s Why

Commentary Few things get progressives more excited than “free” stuff: free health care, free housing, free college. Evidence for this could be found in The New York Times on May 19, where an article was published under the headline “Should College Be Free?”, which pointed out that surging tuition costs are making college less affordable…


The Inequity of Student Debt

Commentary President Joe Biden’s approval ratings have sunk. Several Democratic strategists have suggested that they will lift if the president fulfills his campaign promise to forgive student debt or at least a part of it. Their suggestion has brought the matter to the forefront of public debate. Aside from expense issues, much of the argument…


Obama, Biden Largely to Blame for $1.6 Trillion Student Debt Crisis: Author

As President Joe Biden considers some form of loan forgiveness for college borrowers, student loans in America have been a slow-boiling crisis for almost a decade now. One expert critic who has been following the crisis lays much of the blame for the $1.6 trillion loan debacle at the feet of two men at the…


Student Debt Cancellation Isn’t About Economics—It’s About Ideology

Commentary Is there more behind President Joe Biden’s decision to extend the student debt moratorium than votes in November? Yes, of course. Biden’s extension of the moratorium on student debt repayments is a thinly veiled ploy to win Democratic favor with young voters in the lead-up to November’s midterms. The president’s approval rating with voters…


DEBT4GIVN: The Folly of Student Debt Forgiveness

Commentary If we see a Beverly Hills plastic surgeon getting into his new 2023 Porsche Carrera with the license plate DEBT4GIVN, we will see the full folly of forgiving all student debt. A full forgiveness of all existing federal student debt would result in 46 million of America’s college elite sharing a windfall of $1.7…


Biden Extends Pause on Student Loan Payments Through August

President Joe Biden is once again extending the pause on federal student debt repayments, this time through Aug. 31. The pause was initiated with the passage of the CARES Act in March of 2020 under then-President Donald Trump and Biden has maintained the pause throughout his time in office. In total it has saved roughly…


Education Department to Forgive $415 Million in Student Loans, Citing Misleading Job Placement Rates

DeVry University, ITT Technical Institute, and Minnesota School of Business/Globe University misled thousands of students, the Education Department said on Wednesday as it announced it will nullify $415 million in student debt. The agency said that it intends to force the private for-profit DeVry University to cover the cost of the $71.7 million in loan…