


One of the sleaziest vote buying operations in American history was the Biden administration’s repeated efforts to cancel the debts of people who had borrowed to attend college. It was blatantly illegal, but that didn’t stop Biden. Now that he’s gone, can we expect no more of this?
In today’s Martin Center article, Peter Jacobsen argues that we can.
He explains:
There’s no chance of loan forgiveness in the Trump era (one hopes and assumes), so most millennials will pay four years of student loans during his term. When you add on the fact that most millennials had already begun paying before the 2020 pause, and the fact that most student-loan repayment terms are 10 years, it becomes clear that even the youngest millennials will have paid at least 50 percent of their loans off over the next few years. The older millennials will be even further into payments.
Jacobsen thinks that the Democrats will realize that pandering to high-education, high-income voters is a losing strategy, so they will find other vote-buying schemes.
Now if only we could get the government out of the business of college lending entirely.