Chet

Chet

Trump Administration Proposes Borrowing Limits for Some Student Loans - WSJ

“The White House’s proposal is a feeble attempt to claim the Trump Administration is helping students by identifying one symptom of rising student debt, while completely ignoring the root cause—that college costs are rising exponentially,” said Sen. Patty Murray (D., Wash.), the top Democrat on the Senate Education Committee.

This is a disappointing quote as Sen. Murray is clearly a smart woman. There is some relationship between high student loan borrowing limits and ballooning tuitions. Loans should be available, but we need to give these kids some guardrails.

© 2019 Chet J. Collins