So Bernie Sanders, who wants to make college education “free,” just tweeted out the following:
It makes no sense that students and their parents pay higher interest rates for college than they pay for car loans or housing mortgages.
— Bernie Sanders (@BernieSanders) October 15, 2015
Suffice to say, if Sanders can’t understand this, he has never looked at the respective default rates for college loans versus auto loans and mortgages. But beyond that, there’s an even simpler, glaringly obvious reason for the discrepancy, as noted by WEEKLY STANDARD contributor Dan McLaughlin:
Has anyone explained to you the difference between secured & unsecured loans? Try repossessing a college degree. https://t.co/obLEsn4akQ
— Dan McLaughlin (@baseballcrank) October 15, 2015
I would like to believe that Sanders knows better than this. If he does, I would strongly suggest finding smarter campaign staff to handle his social media strategy.
