The Government Has No Interest In Fixing Your Student Loan Issue

The $10,000 bribe offered by Biden’s Administration to a select number of people has nothing to do with actually fixing the student loan issue

Bryan With a Why
5 min read3 days ago
Source: https://www.pexels.com/photo/neon-signage-2681319/

When the Biden Administration announced their cancellation of $10,000 in student loans, they sent a message far and wide across the world:

They have zero interest in actually fixing the problem.

Multiple things led to the student loan issue we see today. Of the dozens — or perhaps hundreds — of reasons, there are 3 primary reasons why there is over $1.7 trillion in student loan debt outstanding in the United States:

  1. For at least 4 decades everyone was told they have to go to college or they’ll be a poor loser, barely unable to take care of themselves (let alone a whole family?!).
  2. Thanks to the Higher Education Act, it is now impossible to dissolve student loan debt the same way ANY other debt can be dissolved through bankruptcy proceedings. This just so happened to pass in 1976; Joe Biden voted for it.
  3. A push to increase demand while guaranteeing a student (even if they don’t graduate, mind you) must pay the loan back led to a massive overlending of loans. In 2010, Obama

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Bryan With a Why

Write about politics, religion, economics, & finance. If you like most Medium articles you probably won’t like what I say. https://compiled.social/bryanwithawhy