Bernie Sanders says Columbia grad deserves ‘bailout’ from her $200k student loan
She yelled out her massive debt at one of his rallies
This past weekend, ahead of today’s New Hampshire primaries Bernie Sanders of the great state of Vermont, held a rally in Manchester, New Hampshire to get some folks to “Feel the Bern” one last time before the primary.
One major issue that Mr. Sanders has campaigned on is making college more affordable for Americans.
This includes plans to make public colleges and universities free for everyone and a plans to help people pay down their student loan debt.
Something that Mr. Sanders is known to do at his rallies when speaking about the cost of education is to ask members of the audience to shout out the amount of their student loan debt — where one Columbia student yelled out that she owed a massive $200,000.
Sanders says that the Columbia student and others with massive student loans should be “bailed out” by the government by tightening Wall Street taxes.
I asked another student at our fine Ivy League instition, where an year’s tuition can cost up to $60k, their opinion on Sanders’ claims and how much it costs to study here.
Economics senior Wu Lee told me: “I don’t think its unfair or getting a raw deal, I think it almost makes sense that you have to borrow money – that there’s a certain cost, there is a certain risk you have to take in order to get something that’s valuable.
“Because the more valuable something get’s, the bigger the risk and the cost that comes along with it. That part I am totally OK with.
“The part I am most unhappy with is how much school costs in the first place at the institutional level. You know with the rising rate of tuition, it’s hard to know what it’s all based on and there’s the whole problem with exploding bureaucracy in schools.
“I think that’s the source of where a lot of the trouble comes in – where we have to borrow such large amounts of money to finance a bill that we are not totally sure what it is part of.
“The amount of tuition we have to pay is being artificially inflated. I that’s the biggest cause of why people think student loans today are unfair.”