Canceling Student Loan Debt Would Make College Even More Expensive

Source: Town Hall
by Stephen Moore

“It might be the biggest giveaway in American history. President Joe Biden wants to cancel more than $1 trillion of outstanding student loan debt. Biden has already delayed for more than a year student loan repayment, and under his new rules, most delinquent and deadbeat borrowers would NEVER have to repay. What a deal for the people who never paid a dime back of the tuition money they owe to Uncle Sam. This plan makes suckers out of the millions who have felt honor-bound to pay off their debts. … Think about what would happen if this loan repayment policy were to be implemented. Who would ever pay off a student loan ever again after this blanket forgiveness program?” (05/03/22)