PResident Joe Biden announced this week that he plans to bypass Congress to forgive some student loan debt.

The plan would provide up to $10,000 in student loan debt relief for those earning less than $125,000 a year ($250,000 for a household), while Pell Grant recipients are eligible for up to to $20,000 in debt forgiveness.

As a 25-year-old who attended an expensive private liberal arts college in Boston and carries about $4,000 in federal student debt, I’m in the riding the administration is bowing to with this ruling.

And yet, I see this as a colossal waste of money. I know I don’t need government help to pay off these student loans — and neither do others.

I decided to attend Emerson College in Boston, which now costs about $75,000 a year before aid. The government never forced me to attend this school. In fact, the government gave me cheaper options at state colleges and universities.

If I had attended one of those public schools instead of Emerson College, I probably wouldn’t have had any student loan debt before this announcement. And luckily, $4,000 isn’t overwhelming debt. But much of that depends on the decisions young adults make. Not everyone chooses, like me, to attend an expensive school. Many others choose not to go to college at all. And, sometimes, those who choose to go don’t take higher education seriously, choosing to spend their student loans on drugs, booze, and spring break. Why should those who voluntarily got into debt get a government bailout, and those who worked hard to pay their bills or chose not to go into debt don’t?

I made sacrifices to make sure I had money to pay the bills. This includes working more than one full-time job and nearly every day of the year.

Yet, if I worked less hard and made less effort to repay my loan, I would receive more money from the government. Some non-Pell Grant recipients will receive two and a half times the amount I receive. And many people have paid off their entire student loan without any help from the government.

To make matters worse, Biden’s legally questionable decision does nothing to address the real problem, which is the deliberately inflated cost of higher education. Biden is not proposing reform of the higher education system to
master the costs
, although he very well could. Instead, he wants to hand the professional class a $300 billion bailout. Soon, every Democrat who hopes to one day win the White House will be offering to do the same.

And meanwhile, colleges will continue to get more expensive as universities realize they are not to blame for the rising costs. Over the past few years, college prices have increased at three times the rate of inflation.

No matter how economically and politically insane this policy might be, Democrats won’t just stop there. A number of progressives, such as Senate Majority Leader Chuck Schumer (D-NY), Sen. Elizabeth Warren (D-MA) and Rep. Ayanna Pressley (D-MA), have called on the Biden administration to take it a step further and erase $50,000 of student loan debt per borrower, with no income restrictions.

Be prepared for liberal politicians to try to waste a lot of your money paying other people’s college bills instead of fighting the high costs of higher education. Throwing money at the problem is easier, if less effective.

Tom Joyce (
) is a political journalist for the
New Boston Post in Massachusetts.


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