Magazine September 1, 2021, Issue

Universities Are Complicit in Ballooning Student Debt 

Senate Majority Leader Chuck Schumer (D., N.Y.) holds a news conference to reintroduce a resolution to cancel up to $50,000 of student loan debt at the Capitol in Washington, D.C., February 4, 2021. (Kevin Lamarque/Reuters)
The tuition isn’t setting itself

In the aftermath of the 2008 financial crisis, Elizabeth Warren issued an ultimatum to opponents of her proposed Consumer Financial Protection Bureau. If the CFPB was not crafted to her liking, Warren would opt for “no agency at all and plenty of blood and teeth left on the floor.” The statement made clear that punishing greedy bankers was as important to progressives as ameliorating the causes of the crisis. Demagoguery and dishonesty notwithstanding, the rhetoric of the 99 percent versus the 1 percent worked, catalyzing the Occupy Wall Street movement and making a more radical economic agenda feasible.

Now Warren claims

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This article appears as “The Tuition Isn’t Setting Itself” in the September 1, 2021, print edition of National Review.

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