July 2, 2022
Biden’s student loan forgiveness rhetoric has lured many into borrowing
By Thomas Lifson
As The College Fix dramatically headlines, “Nearly 9 in 10 recent student loan borrowers bet on Biden bailing them out.” Without actually promising or committing anything, Joe Biden has led many young people to believe that the federal government will cancel the loans they take out to finance a college education. A new survey indicates that the lure of borrowing without having to pay back has enticed many youngsters take on debt that they otherwise would not have committed themselves to.
An overwhelming 86% say Biden’s pledge affected their decision to take on student loan debt
Even worse, the prospect of “free money” has affected the decision to attend or continue college itself for a substantial minority.
more
https://www.americanthinker.com/blog/2022/07/bidens_student_loan_forgiveness_rhetoric_has_lured_many_into_borrowing.html
