United States | Election brief: student loans

More present than correct

Hillary Clinton’s college-funding plan is better politics than policy

Many happy repayments
|WASHINGTON, DC

TO BELIEVE some young voters—especially those who showed up at Bernie Sanders rallies earlier this year—America is in the midst of a student debt crisis. In 2010 student loans overtook credit cards to become the biggest source of American household debt other than mortgages. Today, they total about 7% of GDP. Of those who have borrowed from the federal government and began repayments in 2011, 10% defaulted within two years, up from 4.5% in 2003. The problem animates the left: whereas Donald Trump has talked about the subject only fleetingly, Hillary Clinton has detailed policies for helping penniless scholars. Who could oppose such a worthy aim?

This article appeared in the United States section of the print edition under the headline “More present than correct”

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