In a new video, the head of a national conservative organization says the average cost of college education has increased by 500 percent–and policies enacted by government are to blame for it.
Evan Feinberg, president of Generation Opportunity, a conservative-leaning organization concerned with issues that affect millennials, asserts that the two reasons for the cost of rising prices are government regulation and an “unholy alliance” between higher institutions and politicians, dating back to the Higher Education Act of 1965.
“Every young college student today is being held back for years because of the unintended consequences of these policies.”
Feinberg gave Western Journalism, in an email Friday, a modern example of government intervention harming millennials in education: Obamacare.
“The thinking was they’d take the profits from student loans to pay for Obamacare. Instead they’ve driven up the price of education and put taxpayers on the hook for unpaid student loan bills.”
He also said in the video that college education has increased more than 500 percent since the 1980s, a statistic echoed last year in a report by Bloomberg.
When asked what reform would look like after mentioning it in the video, Feinberg told Western Journalism that “there are some good proposals.” mentioning specifically the HERO Act, proposed by Senator Mike Lee (R-Utah) and Rep. Ron Desantis (R-Arizona).
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The HERO Act would allow states “to set up their own systems to accredit alternative institutions programs, or courses,” according to a press release from Lee’s website. Feinberg says, however, “government needs to get out of the student loan business.”
“Government subsidies and loan guarantees are artificially increasing the price. We need to get the government out of the student loan business, and let colleges and universities compete to provide a high-quality education.”
Feinberg also asserted that Senate Democrats, including Elizabeth Warren (D-Massachusetts), aren’t getting at the heart of the matter with the student loan crisis.
“Senator Warren and Senate Democrats have pandered to young people rather than attempt to solve the problems. The problem isn’t the interest rate on our loans, it’s the cost of college that forces us to take out absurd loan amounts. Lowering the interest rate will only make the problem worse by allowing colleges to increase the price even more.”
H/T Red Alert