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John Stossel: Successful without college
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Americans took out $1.7 trillion in government loans for college tuition. Now, some don’t want to pay it back.
President Joe Biden says they shouldn’t have to. He wants to cancel at least $10,000 and maybe $50,000 of every student’s debt.
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Try refreshing your browser, or STOSSEL: Successful without college Back to video
“They’re in real trouble,” says Biden, “having to make choices between paying their student loan and paying the rent.” Poor students!
But wait: Shouldn’t they have given some thought to debt payments when they signed up for overpriced colleges? When they majored in subjects like photography or women’s studies, unlikely to lead to good jobs? When they took six years to graduate (a third don’t graduate even after six years).
Now, some don’t want to pay it back.
President Joe Biden says they shouldn’t have to. He wants to cancel at least $10,000 and maybe $50,000 of every student’s debt.
“They’re in real trouble,” says Biden in my latest video, “having to make choices between paying their student loan and paying the rent.”
Poor students!
But wait: Shouldn’t they have given some thought to debt payments when they signed up for overpriced colleges? When they majored in subjects like photography or women’s studies, unlikely to lead to good jobs? When they took six years to graduate (a third don’t graduate even after six years).