For months, Americans have heard about the perils of student loan debt which countless young people are saddled with.
Now, Democrat 2020 presidential candidate Elizabeth Warren has a plan to eliminate over 95% of this student debt; the only catch is that it will cost the government a whopping $640 billion dollars, as documented by Fox News.
Issues with Warren’s Student Debt Cancellation Plan
The massively obscene cost associated with Warren’s plan is only the tip of the iceberg when it comes to issues. Americans additionally have questions about what the implications are for students who have paid off their debts. How is it fair for some students to get their debts “erased,” while others have to pay off their debt, in addition to the tax hike which will fund the $640 billion to cover almost everyone else’s debt?
These issues have been articulated by various social media users:
Do I get a refund for having chosen a cheaper public university so I wouldn't be riddled with a ton of debt?
Seriously this is stupid – everyone knows what they're borrowing when they go through the process and I want no part in paying off everyone else's student loans. https://t.co/aAadWHUZ8i
— Josh Jordan (@NumbersMuncher) April 22, 2019
But I don't wanna pay for other people's college or their college debts. https://t.co/yvoK9eoU1E
— Kurt Schlichter (@KurtSchlichter) April 22, 2019
One might wonder if this is something which Warren thought of before publicizing her student debt cancellation plan, but the chances are slim to none. Democrats have a tendency to think that “free” stuff will fix everything. They want free healthcare, free college, free this, free that.
The problem with “free” stuff is that someone always foots the bill and when Democrats and big government are involved, that “someone” turns out to be the American taxpayers.
Warren’s Response to Concerns
Elizabeth Warren has not responded to Americans with concerns regarding her student debt cancellation plan. Quite frankly, one should not hold their breaths in expecting her to respond. There will certainly be a subsection of people in this country who love the idea of having other people pay off their college debts, but ultimately, what Warren’s putting forth here is an outrageous proposal.
Student loan debt is crushing millions of families. That’s why I’m calling for something truly transformational: Universal free college and the cancellation of debt for more than 95% of Americans with student loan debt. Read all about it here: https://t.co/IG9J5CiNb7
— Elizabeth Warren (@ewarren) April 22, 2019
What do you think about Elizabeth Warren’s student debt cancellation plan? Fill us in down below in the comments section!
Gabrielle Seunagal is a full-time writer. Some of her favorite subjects to write about include politics, cybersecurity, and current events. When Gabrielle is not advancing her writing career, she is reading, traveling, or studying martial arts.