Wretchard (@wretchardthecat) asked an interesting question on Twitter Wednesday, and the implications from the question are being carefully ignored by the Progressive-Democratic Party Presidential candidates who want to forgive all—or most—student debt.
Forgiving student debt sends the signal that educational investment is worthless because it cannot return the rate of the money borrowed to finance it. That may actually be true but then what is the value of the credential?
Read the whole thread, it’s pithy and concise, as are the comments ensuing.
A related question has implications that Progressive-Democratic Party Presidential candidates who want to make college/university education “free:” if nothing is paid for the education—if it has no cost (to the user)—what is the value of that education or of the credential that proclaims it? Value not in the eye of the holder, but in the eye of any employer?