Politicians aren’t asking the real question of the student loan crisis

The student loan crisis stems from the same causes as the housing market crisis: government subsidizes risk which encourages the issuance of loans to high-risk borrowers resulting in a "bubble." The political response from both parties has lacked nuance.

And now some elected leaders want to make college “free,” while others want to make colleges “accountable.” None of them seem to ask the basic question, which is the only question that actually matters: What is college worth, and to whom? They don’t ask these questions because they know the answers are complicated, and that they will yield neither a compelling sound bite, nor a clear one-size-fits-all policy. But sometimes, seeing the difficult forest means looking past the easy trees. And $1.5 trillion in student loan debt is a very difficult forest.

https://www.philly.com/opinion/commentary/student-loan-debt--20190301.html

Submitted May 03, 2019 at 08:39AM by linkns_86 http://bit.ly/2WuOXAM