Student loan forgiveness increases Democrats’ power and influence on campuses

The Biden administration canceled $500 million worth of student debt on Monday and, as schools continue to push critical race theory, defunding campus police, and safe spaces, critics believe America’s universities are becoming little more than “Democratic-voter breeding grounds.”

During an interview with Fox Business, Tomas Philipson, former acting chair of the Council of Economic Advisers in the Trump administration, said that “it’s clear that universities have taken a sharp left turn the last few years.”

“My sense is that public education or public subsidies of student loans – which I think is very similar in terms of the financial impact – are just a way to pay for future voters liking big government. And that’s essentially what is [happening] on our college campuses,” he added, noting that the Biden administration “is pushing in this direction, presumably because they know that if kids go to school, they’re more likely to vote Democratic.”

Kara Zupkus, national spokeswoman for Young America’s Foundation (YAF), says that many schools across the country have made it nearly impossible to present students with another viewpoint outside of what Democrats deem permissible.

“There has been a dramatic shift in the last decade toward coddling students, and preventing them from hearing a different viewpoint. These students essentially run the university, forcing administrators to cave to their demands or be labeled a ‘racist, sexist, bigot,” she said.

“A policy like student loan forgiveness may sound appealing on its face to a college student, but the consequences for our country are dire,” Zupkus went on to say. “Many students on campus are simply taught what to think, rather than how to think – and it leads to a lack of critical thinking skills. Professors have no issue pushing their agendas in class, attempting to ostracize anyone who dares to disagree.”

On the campaign trail, then-candidate Joe Biden promised to immediately forgive $10,000 of everyone’s student loan debt.

“The legislation passed by the Democratic House calls for immediate $10,000 forgiveness of student loans,” Biden said at a November press conference after being elected. “It’s holding people up. They’re in real trouble. They’re having to make choices between paying their student loan and paying their rent. Those kind of decisions. It should be done immediately.”

While there are many who are critical of the government choosing to wipe away millions upon millions of dollars in student loan debt, the more progressive wing of the Democrat party doesn’t think Biden is going far enough.

“We need to push him. I believe in full student loan debt cancellation,” New York Representative Alexandria Ocasio-Cortez said in a virtual town hall. “We have to push him to at the bare minimum a floor of $50,000 that Sen. Warren and Sen. Schumer have also advanced.”

Philipson, a professor at the University of Chicago Harris School of Public Policy, believes that devaluing higher education by essentially making it “free” doesn’t lead to higher wages for graduates. In some cases, this “free” education ends up leaving people worse off, as “the highest cost is many times that you don’t earn money while you’re sitting in the classroom.”

“We compared Nordic countries – which many have ‘free’ (tax financed) education – with U.S. education. The U.S. return is much higher – sometimes five times higher than in the Nordic countries – meaning the education actually leads to increased earnings, which it doesn’t as much in Nordic countries,” Philipson said.


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