Authored by Laurence Vance via The Future of Freedom Foundation, Using data from the Federal Reserve, Student Loan Hero — an organization that provides “resources, tools and information” to help “student loan borrowers understand their student loans and make intelligent repayment decisions” — reports that Among the Class of 2018, 69% of college students took out student loans, and they graduated with an average debt of $29,800, including both private and federal debt.
Source: The Student Debt Conundrum
# – # – # – # – #
*** begin quote ***
The first is that no proposed solution recognizes that the student-debt conundrum would never have arisen in the first place if the federal government had simply followed its own Constitution and had never had anything to do with education: no loans, no grants, no mandates, no subsidies, no funding, no school breakfast and lunch programs, no regulations, no standards, no vouchers, and no Department of Education.
*** end quote ***
Sure, once the politicians and bureaucrats have “screwed the pooch”, now we recognize the wisdom of the DOWGs!
— 30 —