“Forgiveness” is such a kind word that it’s no wonder politicians latched on to it to describe the extremely unkind thing they’re doing to us. Recent discussions on social and mainstream media reveal that the typical voter is not only confused about what “loan forgiveness” means, but (disturbingly) also confused as to what “loan” means. …

The reality is that student loan forgiveness is good for some students, bad for the rest of us, and the collective pain to the rest of us will exceed the collective good for the students. The one group for whom student loan forgiveness is unquestionably good is politicians. What student loan forgiveness really does is allow politicians to use our money to buy the votes of an entire group of young voters.

In the end, a college degree is either valuable or it isn’t. If it’s valuable, it will pay for itself. If it’s not valuable, no one should pay for it. Either way, there’s no reason for the government to be involved in higher education. The more involved it does get, the worse the problem becomes.