Wednesday, August 24, 2022

Canceling College Debt

Of course I'm against it, and for the same reasons listed in this article:

1) it's probably illegal,

2) it's still regressive, and

3) it still screws over taxpayers.

I'd add that it infantilizes adults, who are no longer required to fulfill obligations into which they freely entered.

Update, 8/27/22:  I've long loved this story about Davy Crockett and Horatio Bunce, it speaks to giving away other people's money.

2 comments:

Pseudotsuga said...

I am only for it IF, and only IF, the schools where the money was spent pay back the amount, so they have a stake in it.

Darren said...

Honestly, I don't fault the schools. If you want to major in Medieval Uzbekhi Film Studies, well, you do you, and the school is there to support that. If they give you the education you sought, why should they be on the hook?

I don't view universities as job credential factories, I view them as higher learning institutions (at least in the abstract). If you want to buy something, they're there to sell it to you. It's up to *you* to make sure you can pay it back.