The Student Debt ‘Crisis’ Is Students’ Fault, And They Shouldn’t Get A Bailout
Source Date:
Monday, March 19, 2018
Categories:
When President Trump rolled out his recent budget proposal, it made some cuts that were always going to cause controversy. For one thing, his plan would slash subsidized student loan repayment plans, and let the government crack down on missed payments. To left-wing politicians who think the state should hand out more subsidies, this might as well have been Armageddon.
Yet while 45 million Americans are on the hook for more than $1.4 trillion in student debt, Americans should realize that millennials don’t need a government bailout or intervention. The student debt crisis isn’t as bad as it seems, and it’s a “crisis” of our own making.