Megan McArdle, who has forgotten more about the burden of student loan debt and the eating of ramen and cheese doodles than I ever knew, thinks it is high time the Democrats in government to stop fiddling with student loans. Read her whole post here. Interesting excerpt here:
"If we wanted a program to help the majority of the population, we’d offer loan guarantees to help poor people get access to reliable cars so that they could have a better shot at getting -- and keeping -- a well-paying job. I know you’re thinking that sounds crazy, but if you spend any time listening to the problems of working-class people -- many of whom lacked the opportunity, the interest or the academic ability to get through college -- you’ll get an earful about the problems of driving a beater that constantly breaks down. A small amount of capital could make a much bigger difference in their lives than extra student loan relief for middle-class college kids would."
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