The Obama Administration Student Loan Plan

by Pejman Yousefzadeh on October 27, 2011

Not worth the paper that it is written on.

Of course, to the extent that a financial benefit is conferred by the student loan plan, and given that the benefit in question would be conferred on college graduates, who make disproportionately more money than those without a college education, I suppose that it is worth pointing out that the student loan plan amounts to a tax cut for the rich. But I bet the Obama Administration won’t be rushing to the television cameras and microphones to admit as much.

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