re: Erasing student debt

quote:

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Incompetence and corruption is why higher education in this country doesn't produce an ROI. That's on leadership - Democrats and our feckless GOP.

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And therein lies the biggest issue with the entire tuition issue. Too many people in Congress have their hands tied into the education business and don't want to address the root cause. Tuition rates are set at a factor to cover the costs to run a university and make a certain profit. If the State or Fed gov't cut the school's budget, they just raise tuition rates. And since student loans cannot be forgiven through bankruptcy, you don't have the same lending checks you would a traditionally loan. Therefore, Colleges have no reason to cut back on costs; especially bloated salaries & staff sizes.

Then you add the fact that every now and then you hear about a member of Congress that is some sort of professor, or has a book for sale for $400+ (that gets a new edition every few years). The most extreme example would be Warren who makes $400k to teach 1-2 classes, requires students to pay $400 for her book, and may show up a few times a year. Where is their incentive to do anything about the cost of college?