Free Republic

I’m a strong supporter of the idea that a theoretical President Badfinger should decree that $50,000 in student loan debt just vanishes for everyone tried of the hassle of paying back what they owe. Chuck Schumer, who apparently never saw that “I’m Just a Bill” cartoon on Saturday morning in the ‘70s, thinks the desiccated old weirdo could do it if he is actually inaugurated. I just hope our newly Roberts-irrelevant Supreme Court doesn’t nix such a constitutional atrocity should the stars align and Mr. Stumbles tries it. It’s not that I want to reward the knuckleheads who spent way...

Student loan debt is getting out of control. More than 1 million people default on their student loans every year. That is 22 percent of borrowers. And the numbers are rising; 40 percent will default on their student loans by 2023. For borrowers under age 30, their average monthly payment is almost $400. Student loan debt now exceeds $1.5 trillion — surpassing both auto loan and credit card debt. It is an epidemic that will continue to get worse unless something is done.Making tuition “free,” as some Democrats recommend, isn’t the solution, since that just passes the debt along to other Americans...

Pomp and circumstance depends a lot more on circumstance than pomp. The 396 graduates of Morehouse College in Atlanta learned that in an unforgettable way the other day at their commencement ceremony. The graduates whooped it up with their families and friends, with plenty to whoop it up for. The commencement speaker surprised them with the announcement that he was going to pay off all their student loans. Robert F. Smith, a billionaire investor, certainly deserved his honorary degree, and the Class of '19 was suddenly freed from burdensome college debt, relieved of monthly payments on their loans. They could...