To Current Bernie Sanders Supporters,
Senator Sanders has argued that college debt needs to go. No one should be paying off college debt for decades.
He's right - but his solution isn't. The reason college tuition is so high is that anyone can get a huge federally subsidized loan to pay for college. But if there were no federally subsidized loans, or federal financial aid, college tuition would go down.
If students could no longer get those loans (that turn into debt) colleges would have two choices: lower tuition, or go out of business. Colleges would have compete with each other to lower their prices.
College tuition has increased at 3 times the rate of inflation because government subsidies have allowed and encouraged that. Remove those subsidies, and college tuition will go right back down.
Let's force colleges to innovate and lower costs by ending all federal college subsidies. And while we do that, I encourage everyone to consider prestigious alternatives to college. If you like math, consider the actuarial exams. Passing just one virtually guarantees employment. If you like the humanities, consider the Foreign Service Officer's Test. Passing that proves to any employer that you have the broad base of knowledge you need. And if you just love to learn, and don't care about prestige, consider Coursera and MIT's OpenCourseWare (both free).
If you want to allow the free market to force colleges to lower tuition, to make student debt a thing of the past, please consider learning about the Libertarian Party, and our presidential candidate, former governor Gary Johnson.
Vice Chair, Libertarian National Committee
Author, Lies, Damned Lies, and College Admissions