AOC makes student loan payment during congressional hearing on loans

[MichMan]

41. You think college is expensive now, wait until it is "free"

Last edited Wed Sep 11, 2019, 08:12 PM - Edit history (1)

Do I favor interest free federal loans ? Yes.
Inexpensive Community College? Sure.
Greater availability of Pell Grants for those of moderate and lower incomes? Absolutely.

Complete forgiveness of all student loans? No.

Right now, students and parents can take out Federal loans with a 4.25% interest rate that is set by congress. Like anything else in life, cost should be a factor in determining what college to attend. It may not make financial sense to go to an expensive college out of state.

Colleges also understand that setting tuition too high will eventually cause enrollment to drop as students select more affordable institutions.

Image a scenario where students and parents dont care what the cost is because it is "free" Why not attend the most expensive college because it isn't costing you anything?

If that was the case, what would be stopping colleges from raising tuition much much higher than it already is?

While maybe not exactly the same, an analogy may be something like car loan forgiveness. Why the heck would I choose a Kia Rio when I could have a loaded Mercedes Benz instead? Hell yes, I want full leather massaging seats, a panoramic sunroof and the fancy infotainment system! After all, neither one is costing me a dime.