Why Biden's Student Loan Bailout Is Unfair

In unilaterally “canceling” up to $20,000 in student loan debt for borrowers earning less than $125,000 annually, the Biden administration on Wednesday has put into motion a plan that will further inflate college costs, hinder economic growth, reward upper-income earners, and provide a major handout to woke institutions of higher education.

The administration has stuck its thumb in the eye of the millions of working Americans who don’t hold college degrees but who will bear the cost of this federal largesse.

The administration is also rubbing salt in the wounds of those responsible borrowers who worked their way through college to avoid debt or who worked hard to pay off their college debt after graduating.

The millions of Americans who graduated from college, lived modestly, and did without fancy dinners and vacations so they could diligently repay the debt they agreed to pay back are surely wondering why they will get no such rebate.