Student Loans Are a Scam. So Is Debt “Forgiveness.”
For the past 5 years, federal student loan collections have been on pause. This week, the Trump administration reversed this policy and will finally begin collecting the $1.6 trillion owed to American taxpayers. Although the Biden administration made several unconstitutional attempts at loan forgiveness, the courts stopped them. For decades, politicians have promised that subsidizing college would open doors for young Americans, but all it’s really done is inflate tuition, bloat university bureaucracies, and encourage students to take on debts they can’t repay. This student loan crisis isn’t a natural disaster—it’s a government-engineered scam.