Obama’s student-debt forgiveness is textbook subsidized irresponsibility

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Homecoming is about to get more awkward. The federal government’s new student-debt program favors recent over older graduates, giving alumni one more thing to gripe about.

Announced in November, the program will forgive at least $108 billion in student debt in the coming years according to a November GAO report. And as a result, older education debtors are getting hosed at the expense of the younger borrowers.

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