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Conservative icon Mike Rowe explained in a social media post this week why he does not support student loan forgiveness, noting that it is profoundly unfair to those who worked hard and paid off their debts and that it is welfare for the wealthy.
Conservative icon Mike Rowe explained in a social media post this week why he does not support student loan forgiveness, noting that it is profoundly unfair to those who worked hard and paid off their debts and that it is welfare for the wealthy.
 
Once again, Education Secretary Betsy DeVos has kicked the hornet's nest, this time by changing the rules for deciding if a student will be relieved of his or her obligation to repay federal college loans
Once again, Education Secretary Betsy DeVos has kicked the hornet's nest, this time by changing the rules for deciding if a student will be relieved of his or her obligation to repay federal college loans
 
It was a bad idea for the federal government ever to get into the business of financing college with its various grants and loans, but at least in the old days, most of the money loaned was eventually repaid
It was a bad idea for the federal government ever to get into the business of financing college with its various grants and loans, but at least in the old days, most of the money loaned was eventually repaid
 
When politicians and Education Department bureaucrats began designing policies to lessen college students' federal loan burdens, they weren't concerned much with the cost to the taxpayers
When politicians and Education Department bureaucrats began designing policies to lessen college students' federal loan burdens, they weren't concerned much with the cost to the taxpayers
 
Politicians are usually eager to be generous with the money taken from taxpayers, especially when it helps them gain favor with some interest group
Politicians are usually eager to be generous with the money taken from taxpayers, especially when it helps them gain favor with some interest group
 
Federal student aid programs abound in examples that demonstrate a point economists often make: government policies almost always have undesirable consequences that weren't anticipated, or if they were didn't matter much to the politicians.
Federal student aid programs abound in examples that demonstrate a point economists often make: government policies almost always have undesirable consequences that weren't anticipated, or if they were didn't matter much to the politicians.
 
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