Nearly every Democrat running for president has spoken about the student loan 'crisis' and the solution of absolving all responsibility for the people who willingly took on those loans to pay for college by wiping the slate clean, sticking the bill on those who were responsible enough to pay their own bills.
Millennials would rather stick more responsible people with the bill than deal with it on their own, and would have you believe that the student loan 'crisis' affects everyone rather than a fraction of all college graduate-aged people in the U.S. ... and Democrats are all for it.
Joy Pullmann writes in The Federalist that the 'crisis' is largely exaggerated:
"One-third of students currently graduate from college with no debt. Clearly it remains possible, and not just for those with rich parents... of those who have debt, the typical amount upon graduation is somewhere near $25,000-$28,000, not these insane stories of $100,000 or more in student loans absent a medical degree. If you consider all adults with outstanding student loan balances, the “crisis” deflates further, as the average balance there is $17,000."
Speaking of the number of people who actually have student loan debt... it's not an entire generation, as some in Congress or vying for the Democratic Party Presidential nomination would lead you to believe.
"Only one-third of young people have any college debt. According to Pew, “Among adults ages 18 to 29, 37% say they have outstanding student loans for their own education.” "
Medical debt is an issue for a different day, but again, the Democrats will be eager to make those every taxpayer's problem.
Photo: Getty Images
Article: The Federalist