Republicans and Democrats have taken the “no blame, no (political) gain” game to new heights as they race to pin fault for increased student-loan rates on each other.
The fight over how to bring the rates back down perfectly encapsulates everything that’s wrong with this Congress.
First, they missed the deadline to take action, proving once again that not even a good old-fashioned deadline can force bipartisan action on a pressing issue. Perhaps more importantly, all the noise over student-loan rates misses the much bigger problem of college affordability. In fact, a new paper argues that the government’s support of student loans “designed to improve access to college has had the unintended consequence of increasing the cost of college.”
But this being the Band-Aid Congress, don’t expect much debate over how to lower the soaring cost of higher education. Once they patch up student-loan rates, our leaders will move on to treat another symptom, again leaving the real illnesses for another day.