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Digital Subscriptions > Newsweek International > 27th July 2018 > The Miseducation of America

The Miseducation of America

Student loan programs have vastly expanded the ranks of college graduates. That’s a problem



DOLLARS AND SENSE Sanders wants to make tuition at public colleges free. But the more college degrees multiply, the less they mean to employers.

TOTAL U.S. STUDENT DEBT NOW stands at $1.5 trillion. Without the support of the federal government, most of this debt would never have been possible. Even so-called unsubsidized student loans are, in fact, heavily subsidized, compared with, say, credit card debt. Yet, strangely, almost no one argues that America has gotten its money’s worth. Our student loan programs’ main payoff is complaints.

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