$1.6 trillion in student debt | MSN & Vox

Editor’s Note: Perhaps colleges and universities established as non-profits for the benefit of society should pay off a share of the student debt with a share of their massive endowment funds worth billions and billions of dollars (instead of passing on the burden of debt cancellation for colleges and universities to the American taxpayers). Great socialist idea, but bad for the overall economy.

Student loan debt has increased exponentially in the past few decades. So now, some Democratic presidential candidates propose canceling those debts — all $1.6 trillion of it. But is this a good idea? Who exactly does it benefit? Watch this video…

Source: MSN & Vox

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s