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Elizabeth Warren
Elizabeth Warren Shows Us Why Government Must Get Out of the Student Loan Business.
Written by Chris Calton
As candidates in the 2020 Democrat primary race try to outbid each other with grandiose promises to voters, the rising level of student loan debt makes for attractive campaign fodder. Making headlines with a plan aimed at addressing the student loan problem is Elizabeth Warren, whose loan forgiveness plan already enjoys the support of more than half the voting population, even among those who do not have student loans .
Student loan forgiveness combined with universal college simply spreads the consequences of a broken higher education system to the few people smart enough to avoid it. Libertarians can make a case for the forgiveness of government-owned loans, but if forgiveness is couple with the complete privatization of the student loan industry—and that reform is unlikely to win Elizabeth Warren many votes.
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