Opinion: Bernie Sanders' and Elizabeth Warren's plans to cancel student debt won't solve the real problem with college loans. By anthonyLfisher
student-loan debt on day one of her presidency is slightly more limited, with a cap of $50,000 per borrower.
Warren's proposal includes efforts "to rein in the for-profit college industry, crack down on predatory student lending, and combat the racial disparities in our higher-education system" That's fine, but it's little more than a Band-Aid on a gaping wound. Studies have looked into the idea that the very existence of federally guaranteed loans incentivizes colleges to continue to raise tuition, an idea called, named after former Secretary of Education William Bennett. By backing the loans, the government guarantees the schools will get their money, and the loans help ensure rising costs won't lead to a drop in demand. It's a win-win for the colleges.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Warren Buffett's $4.6 million crypto lunch tops eBay's biggest buys - Business InsiderTron chief Justin Sun bought the charity meal with Berkshire Hathaway's boss but bailed at the last minute, sparking conspiracies.
Read more »
How the impeachment trial has changed the Iowa plan for Warren, Sanders and KlobucharFive days before the Iowa caucuses, U.S. presidential candidates traditionally spend their every waking hour in one place, and one place only: Iowa. This year, instead of spending three hours face-to-face with Midwestern voters, Minnesota Sen. Amy Klobuchar spent three hours traveling there on a plane
Read more »
The New York Times Editorial Board Unconventionally Endorsed Both Elizabeth Warren and Amy KlobucharThe New York Times Editorial Board Endorsed Both Elizabeth Warren and Amy Klobuchar
Read more »
Warren calls out John Roberts and the other key questions asked at today's trialSenators are taking their last shot on Thursday to extract new information from the House prosecutors calling for President Donald Trump's removal from office, as well as the team of attorneys defending him
Read more »
Watch Elizabeth Warren Corner Chief Justice Roberts, Forcing Him to Question Aloud His Own LegitimacyThe presidential candidate’s impeachment trial question was about the omission of witnesses and documents
Read more »