Bernie Sanders is loved – no, worshiped – by my 20-something-year-old friends. Millennials love the 74-year-old, disheveled socialist, because he’s brimming with passion and lively rhetoric. He’s also kind of cute (in a crazy uncle kind of way), and he’s promising young voters something they want: Free stuff. Most outrageously, perhaps, free college.
Bernie wants the government to pay 100 percent of every student’s tuition. It’s easy to understand the allure of his plan: Most private colleges cost over $30,000 per year, and the average graduate walks away with more than $27,000 in student debt.
Ninety-five percent of students borrow money to pay for college, and most borrow money from the government. The feds fund more than70 percent of all student aid. Many students can qualify for everything they need to fund their education, no matter how high the tuition. The effect? Colleges continue to raise their prices, because students will always be able to find the means to finance it with money from Uncle Sam. Put simply: The government takes away any incentive for colleges to compete with each other on the basis of price.
Read the rest of this article at the Washington Examiner.