The Washington Post Editorial Board Blasts Warren's $1.25T Education Plan | NTK Network The Washington Post Editorial Board Blasts Warren’s $1.25T Education Plan

The Washington Post Editorial Board Blasts Warren’s $1.25T Education Plan

"This calls for a targeted approach that relieves the worst financial stress of those least able to handle it, not a sweeping bailout for the middle class and above."

By NTK Staff | 04.24.2019 @10:30am
The Washington Post Editorial Board Blasts Warren’s $1.25T Education Plan

The Washington Post editorial board blasted Sen. Elizabeth Warren (D-MA) on Tuesday for her proposed $1.5 trillion plan that would cancel existing student loan debt, calling it a “sweeping bailout for the middle class and above,” at the expense of the poor.

Warren’s plan would completely eliminate student debt for some 75 percent of Americans and would partially eliminate the debate for 95 percent of Americans.

Despite those benefits, the Washington Post editorial board is not sold on the idea. “Alas, her latest big idea — to eliminate vast quantities of student debt and make public universities tuition-free — is not a sound idea,” the board wrote on Wednesday.

The piece then goes on to note that Warren’s proposal would come at the expense of Americans who did not go to college.

“What might be unfair is debt relief to the exclusion of other priorities with wider benefits, including to people who did not go to college at all,” the Post wrote. “Ms. Warren proposes a wealth tax to cover the cost, the proceeds of which would then not be available for alternative, possibly more progressive uses.”

“For us, though, policy priority is the essential concern. Student-loan defaults are concentrated among students who attended for-profit institutions, or who accumulated low loan balances but then dropped out and were stuck paying the money back out of lower-than-anticipated earnings,” the Post’s editorial board continued.

“Such issues are hardest for students and families of color, as Ms. Warren correctly emphasized. This calls for a targeted approach that relieves the worst financial stress of those least able to handle it, not a sweeping bailout for the middle class and above.”

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