Political Quotes

“Madam President, student debt and student loans are a frequent topic of conversation, and, of course, that is what we are discussing here today. As someone who took about 20 years to pay off my law school loans, this is personal. Fortunately, I was able to do so due to generous interest rates and lending that helped facilitate people pursuing higher education and beyond. Across the United States, student loan debt totals nearly $1.6 trillion and is made up of some 45 million borrowers. As more and more Americans are going to college and beyond, which is a good thing, this widespread problem isn't going to go away any time soon. I agree that we need to take some action here in Washington to address the financial burden for those with existing debt and to help give prospective students a better understanding of what the debt that they will assume will mean to them in their future life, before it is too late. One of the leading candidates for President on the other side of the aisle, Mr. Sanders, has suggested that we just make education free and that we eliminate all debt. Well, that is a fantasy. There is no such thing as free. I am tempted to quote Milton Friedman, who said: There is no such thing as a free lunch. Of course, what he meant by that is that somebody, eventually, will pay. It may not be the immediate person who is the object of your bounty, but somebody will pay.…”