Here's what a Trump or Biden plan will mean to student loan borrowers

LTC Eugene Chu Excellent Information!

The Student Loan Program was blown apart by the Obama Administration to pay for the Affordable Care Act. Now the Democrats are just talking about giving money away, to the young “Spread the Wealth” mentality people. God help us! MHO
https://finance.yahoo.com/news/obama-administration-student-loans-experts-113140861.html

This is what happens when the government "helps." In the mid to late 70's my Dad, who was retired was able to put my brother through 4 years of college and my sister through 7 years at the University of Arizona, without getting a loan.

The the government got involved. Government guaranteed loans and drove up demand. Too bad the politicians never picked up a book on economics and learned about supply and demand. Any competent 7th grader selling candy on the playground knows that if their is more demand than supply you can drive up the price.

If government wanted to make education affordable they should have been starting more land grant colleges. There are academics earning three times more teaching than they can make working in their field, and college presidents that have salaries bigger than the President of the United States.

Former Bryant University President Ronald K. Machtley made $6,283,616 in 2017. He stepped down in June 2020.

Johnson and Wales University's former Chancellor and President John J. Bowen made $5,363,616 in 2017. He retired in 2018.

Rensselaer Polytechnic Institute's President Shirley Ann Jackson made $5,155,038 in 2017.