Veronique de Rugy on the Student Loan Scam


There are many ways to help pay for a college education: You can work through college, choose to attend a cheaper state school, or take time off to earn money before or during school. So the decision to take on student debt is a personal choice, and the reward from getting a college degree is also personal. Yet as Veronique de Rugy explains, America's current federal student loan system amounts to lower-income taxpayers helping fund the education of future U.S. elites. Why are today's poor subsidizing tomorrow's rich?