Andrew Yang is running for President but his education ideas and plans aren't ready for prime time.
And implying so, letting young people believe there’s any good reason to forgo college, is not just bad advice, it’s borderline immoral, on par with denying the science of climate change.But it’s not just that Yang pushes down the value of college, it’s that his belief shows up in his policy proposals. Specifically, Yang proposes to “create an information database on all post-secondary education institutions” that will accumulate loan, employment and wage data.
It’s not clear how President Yang would “stipulate” such a thing. Nonetheless, tying education funding to wage gains belongs in the pantheon of bad ideas because it fails basic economics. But also because it, again, sets this idea that colleges would do better if someone yanked their funding chain. But foremost, it’s an awful idea because colleges don’t exist to do job training for business, they serve a different, better, higher purpose.
His campaign also promises to “immediately reduce the student loan payments for millions of Americans by ensuring that the American government does not profit one cent from its educational loan servicing.” But Yang is off again. Depending on how you count it, the federal government does not make a profit on its direct student loans. In fact, there’s general agreement that the program probably loses money in the long run.
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