Sunday, October 2, 2022
Home TECH Student loan forgiveness is really a bailout for Woke Higher Ed

Student loan forgiveness is really a bailout for Woke Higher Ed

Proponents of President Biden’s half-trillion-dollar loan forgiveness argue that student debt is a drag on the economy. But isn’t higher education supposed to be an investment?

The real problem is that federal subsidies have distorted this investment and have resulted in a misallocation of human capital. America’s bureaucratic-educational complex has produced too many young people with too much debt and too few skills employers want, and not enough workers with the skills they need.

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