4. “Rand Paul clearly doesn’t understand the connection between student debt and the health of our overall economy.”
Short on $$$ and thinking about refinancing your student loans? Rand Paul says nah, brah. Uncool.
Posted by Democratic Party on Wednesday, April 8, 2015
Mentioned over and over by the Democrats in the last few days is that Senator Paul opposed refinancing of student loans. It is specifically mentioned in a Medium article by Congressman Eric Swalwell explaining why Paul is “not good for young people.” The article was linked to by the Democratic Facebook page on April 7. Swalwell also expresses outrage that Paul doesn’t believe in investing in federal student grants and wants to freeze Pell grants at 2008 levels.
Perhaps Senator Paul takes all of these positions because he realizes the reality of federal investments in higher education; they have only been an example of crony capitalism, where government provides endless loans to those students who are least able to pay them back. In response, colleges, having a base of consumers with essentially unlimited money (as they may borrow as much as is necessary), raise their prices higher and higher. Today, while college educations are becoming more prevalent, their worth is becoming less, and millions of Americans are left with hundreds of thousands dollars in debt, no job and only a useless degree to show for it.
