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Student borrowers, not taxpayers, should be on the hook for their own debt

By Frances Floresca, Cody Leach
Published December 2, 2020 11:00am ET
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Student borrowers, not taxpayers, should be on the hook for their own debt
Democratic Sens. Chuck Schumer and Elizabeth Warren, along with Rep. Alexandria Ocasio-Cortez, have been encouraging President-elect Joe Biden to cancel some or all student loan debt via executive order during his first 100 days in office. Warren claimed it would “close the racial wealth gap” and be “the single most effective executive action available for […]

Democratic Sens. Chuck Schumer and Elizabeth Warren, along with Rep. Alexandria Ocasio-Cortez, have been encouraging President-elect Joe Biden to cancel some or all student loan debt via executive order during his first 100 days in office. Warren claimed it would “close the racial wealth gap” and be “the single most effective executive action available for massive economic stimulus.”

She could not be more wrong.

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Higher Education Joe Biden Student loans