My parents worked hard and lived modestly so they could pay 7 kids’ way through college. All 7 of us graduated without any loans as a result of my parents’ sacrifice. My friends parents bought beach houses, BMWs, and outfitted the kids in designer clothes. We had Fords and hand-me-downs. My friends took loans for college and my parents paid full price with a check. I respect the hell out of them for that. Bernie wants to reward the less responsible folks.
Remember, impoverished people typically get need-based aid, including grants. I went to an expensive private college that “matches need.” It was not poor people graduating with the most loans. It was upper middle-income people who hadn’t saved.
