Don’t Let Colleges Off the Hook for Loan Debt

Letters to the editor
Written By Alex J Pollock

Published in The Wall Street Journal:

Mitch Daniels makes many insightful points in his indictment of the utterly failed and, as he says, “bankrupt” system of federal student loans (“Student Loans and the National Debt,” op-ed, Sept. 2). Among the most important is that the colleges “encouraged students to borrow.” The colleges played the same role in this credit disaster as subprime-mortgage brokers did in the housing bubble: inducing excessive debt while sticking somebody else with all the risk.

Alex J. Pollock

Alex J Pollock
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