Kamala Harris’s Student Loan Forgiveness Flop
Kamala Harris’s student debt forgiveness plan is a joke. But it won’t be the last time she puts out policy proposals that masquerade as social justice initiatives but accomplish little. It’s what Obama and many Democrats before him did — only now, millions of people aren’t buying it.
Gage Skidmore / Flickr
In April, Elizabeth Warren announced a plan to alleviate much of the nation’s $1.6 trillion student debt load. The plan would forgive up to $50,000 per person and apply to 42 million of the nation’s 44 million student debt holders.
In June, Bernie Sanders upped the ante by announcing a plan not just to alleviate the nation’s debt load, but to eliminate it. Sanders’ plan is universal — it affirms the right of all people to plan for their future however they see fit, and leaves not one penny of student debt outstanding.
And in July, Kamala Harris blew the competition out of the water when she announced a plan to . . . forgive up to $20,000 of student debt for Pell grant recipients who start successful businesses in disadvantaged communities.
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