Student loans are an increasing burden on American graduates, but
the loan crisis is really just the symptom of skyrocketing college costs. Bringing down the cost of college, which has risen far above inflation for decades due to government-subsidized student loans, should be the focus of policymakers.
Student loan forgiveness is a temporary Band-Aid that ultimately increases upward pressure on tuition and makes the sitution worse for the next generation of borrowers.
College cost has been inflating at an incredible rate nearly twice as badley as other expensive services like healthcare. This is because the federal government now acts as a banker, offering a blank loan check to any high school graduate regardless of academic preparedness.