The Federal Government Owns 92 Percent of Student Loans. Why Do Politicians Lie About It?
Representatives Ilhan Omar and Ayanna Pressley just introduced the Student Debt Emergency Relief Act to provide student debt relief during the coronavirus pandemic. In reality, the crisis is a pretext to push through student loan forgiveness of as much as $30,000 per borrower. This should hardly come as a shock. Outstanding student debt is bordering on $1.6 trillion, and many Democrats have made debt relief a pillar of their election campaigns.