Washington Proposes $1 Trillion Bailout for Delinquent Student Loans

A possible $1 trillion bailout is coming—and soon.


Ron discussed this problem last night with Larry Kudlow:





A student loan bailout will also be rewarding higher education bureaucrats for a diminished product. A college degree used to mean that a person would add on average $1 million to their income over their lifetime. Today a college degree only guarantees an average $300,000 in added income over a lifetime.

The answer isn’t a bailout. The student loan industry must to be returned to the private sector. Would a private lender ever invest $100,000 of their money in a student that had no plan? No.

It’s not about limiting access to college; it’s about making sure students have a well-thought out plan for their future before investors put a $100,000 stake in their education. College should be about specializing in a trade rather than defaulting to general studies that won’t lead to a job.

A civics education is important, but why would an employer hire someone with no applicable work skills, especially in a slow economy?

If we wish to end the incentives for bailouts, we need to hit higher education in the purse. Endless government money and bailouts won’t get our students jobs, and it won’t fix the problem.


By Ron Meyer and Celia Bigelow



Exclusive to Breitbart.com.