In the past, student loan debt was measurably smaller compared to skyrocketing loans now. That was confirmed by Dumb Ron Johnson when;
...based on his experience in the mid-1970s ... his $663 tuition at the University of Minnesota was 1,700 percent lower than it is today.Clinton's plan also doesn't pay for student housing and food, which is also a big expense.
One Wisconsin Now reports "over 800,000 Wisconsin borrowers (have) over $19 billion in federal student loan debt alone."
The comment below by a Trump supporter attending his rally in Waukesha last night mirrors my conservative friend in Milwaukee's point of view:
"I paid for my own college, I didn't ask anyone else, my parents didn't pay for it, I worked when I went to school, there's nothing wrong with that. If it's a free education than it means nothing, it'll be worthless."To be fair, if the idea "a free education" means nothing and is worthless, than maybe the same can said about K-12? Should we make child labor legal again so kids can feel the pain of paying for their schooling? Republicans have already created K-12 savings accounts.
The Trump fans comment also ignores the drag student loans have on the economy and consumer spending. Maybe the slow US growth can be pegged in part on high student loan debt? No, we should instead yearn for the old days, before we had a chance to learn from our failures.