Federal Student Loan Boondoggle

PA Pundits - International

By Thomas Gallatin ~

Student loan waste was “unexpectedly” high — to the tune of $311 billion.

“Free college” was the mantra espoused by radical leftist candidates including Bernie Sanders in his ultimately failed presidential bid. Sanders’s proposal included “forgiving” $1.6 trillion in student loan debt, as he called the cost of higher education a “national disgrace.” The only national disgrace is how Democrats have fleeced taxpayers and blown up the cost of education with their “free” giveaways.

During his campaign, Joe Biden distanced himself from Sanders’s radical student loan forgiveness agenda, only to later buy in. This month, Biden is expected to sign off on a massive cancellation of student loan debt — a minimum of $10,000 per borrower for those making less than $125,000 annually.

Democrats see this as a winning issue ahead of the midterms, pointing to polling that indicates some 55% of Americans back the plan…

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