Colleges are supposed to be filled with smart people (CRT and SJW adherents aside). If more money is available to pay higher prices, so much the better. Even better, the only ones on the hook are the students who have been fiscally hung out to dry.
ICYMI: The Message to Girls After Decades of Fighting For “Womens’ Rights”? – You’ve Been Canceled!
Hung out to dry by their high school/college guidance counselors, the Admission people, and parents who are too excited to see their young skulls full of mush getting into a “name” college than making sure the future checkbook can handle the loads.
Take a look; two things should strike you right off the bat:
- Student Loans are out of control – you can thank your elected Congressional Representatives for this
- Home Equity loans are down – people in homes aren’t willing to “borrow” from their home’s “bank.”
It is bad advice all the way around for the kids who may well have both stars in their eyes about future earnings while not really wanting to go into the real world any sooner than needed (a “second home” for four years – or more).
And YOU, John Q Public, are on the hook for this as it was your taxes that made all these loans possible (and the Feds borrowing money to allow others to borrow from the Feds). And your tax monies will go up in a puff of smoke if Biden and those other Socialists / Democrats urging him to trim anywhere from $10-$50K from each person – or entirely scrapped altogether.
And they are delighting in this regardless of the Moral Hazard it creates – borrow the money and never have to pay it back. Such a deal – cancel the debt and cancel the idea of self-responsibility and “your word is your bond.”
Once again, the idea of “no bad consequences from making bad decisions” – Govt is both Mommy and Daddy and will bail you out at any time.
The infantilization of America keeps going on and on.
The real cost is your Freedom – and nobody on the Left is willing to say THAT Quiet Part out loud.
(H/T: HowMuch)
