If Student Loans Must Be Forgiven . . .
There’s a sharp piece today at The Freeman. The writer, who got through college without going into debt, is opposed to transferring the debts of students who borrowed lots to the rest of America (or those of us who pay taxes, anyway). If we must “forgive” student debts, he suggests that the cost fall on Warren Buffett. But even if he liquidated his entire portfolio, that wouldn’t make more than a small dent in the vast accumulation of student debt.
The writer says that we need to find a solution, but the only solution I can see is for the feds to stop financing higher ed.