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The Student Debt ‘Crisis’ Is Students’ Fault, And They Shouldn’t Get A Bailout

Source Date: 
Monday, March 19, 2018

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.

“What I would like to do... once I take care of all my kids' student loans, is buy a red 1965 Mustang and fully restore it.”
– Mike Quigley
"There is scarcely anything that drags a person down like debt."
– P. T. Barnum
The road to success is always under construction
– Lily Tomlin
"Bankruptcy laws allow companies to smoothly reorganize, but not college graduates burdened by student loans."
– Robert Reich
“This would be a much better world if more married couples were as deeply in love as they are in debt.”
– Earl Wilson
"If we don't change direction soon, we'll end up where we're going."
– Irwin "Professor" Corey
"Nothing in life is to be feared. It is only to be understood."
– Marie Curie