June 12, 2014
HIGHER EDUCATION BUBBLE UPDATE, WEALTH REDISTRIBUTION EDITION: The surprising winners of Obama’s student-loan program.
Students who took out big loans for graduate school and those with higher incomes stand the most to gain financially under President Obama’s expansion of the federal government’s loan forgiveness program.
Lawyers, doctors and other highly trained professionals who utilized federal loans throughout their post-high school education could walk away with most or all of their graduate school debt forgiven by the federal government under the program, say experts.
So basically it’s a subsidy program for Gentry Liberals.