Tag Archives: student loans

Student Loans: Punishing People Who Play By The Rules

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President Obama believes that requiring student loans to be repaid is punishing good behavior. [Credit: NPR]

Pres­i­dent Oba­ma believes that requir­ing stu­dent loans to be repaid is pun­ish­ing good behav­ior. [Cred­it: NPR]

“If some­body plays by the rules, they shouldn’t be pun­ished for it.” — Pres­i­dent Obama

The Pres­i­dent made this inar­guable state­ment in the course of pro­claim­ing a change in the law gov­ern­ing stu­dent loans.  Hence­forth, mil­lions of peo­ple who bor­rowed for col­lege will have their month­ly pay­ments restruc­tured and, in some cas­es, be entire­ly relieved of the oblig­a­tion to repay their debt.

In the President’s mind, bor­row­ing mon­ey is play­ing by the rules; pay­ing it back is pun­ish­ment. Con­tin­ue read­ing →

Elizabeth Warren’s Anti-Progressivism

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Elizabeth Warren (D-MA) preaches progressivism but is her student loan proposal anti-progressive? [Credit: NPR]

Eliz­a­beth War­ren (D‑MA) preach­es pro­gres­sivism but is her stu­dent loan pro­pos­al anti-pro­gres­sive? [Cred­it: NPR]

“This coun­try should not be run for the biggest cor­po­ra­tions and largest finan­cial insti­tu­tions.” Sen­a­tor Eliz­a­beth War­ren (D‑MA)

To judge from Warren’s record so far, she would be pre­fer that the coun­try be run for the ben­e­fit of its biggest uni­ver­si­ties. Con­tin­ue read­ing →