Tag Archives: student loans

Senator Elizabeth Warren, a top-tier Democratic presidential candidate, is out with a proposal that would forgive most of the $1.5 trillion in higher-education student debt now outstanding. She and a number of other presidential hopefuls are also proposing “free” or heavily subsidized tuition at public colleges and universities.

These plans are, of course, anathema to libertarians because they impermissibly use the coercive power of the state to benefit some individuals at the expense of others. In this case, tax dollars are taken from those who elect not to pursue college degrees in order to first make, then forgive, student loans for those who do. And now, if these candidates get their way, to pay this tuition outright. Eighteen-year-olds are sufficiently mature to decide for themselves, without interference by the state, whether or not to pursue higher education, and to live with the consequences.