Today Sen. Claire McCaskill visited Northwest Missouri State University to talk about student loans.
She started the talk off in spectacular fashion, telling the students if it wasn’t for the benevolence of the Federal Government, only the rich would go to college.
When she mentioned she’s had three 17 year old sons but wouldn’t loan them money, I had to laugh at of the irony of it. She wouldn’t loan them her money, but she’ll gladly loan them yours.
And let’s not forget about the logical fallacy you just heard. It’s a popular one for leftists:
What Claire posited was a false dilemma. Her premise is, either the federal government loans money to go to college, or only rich kids can afford it.
It refuses to take market forces into consideration.
I attempted to point this out:
Clearly, logic was not on the agenda.
Here’s the report I was referring to in the video. Be careful, kids. That’s a pdf.
Meanwhile, over at the Wall Street Journal:
Studies of the relationship between increasing aid and climbing prices at nonprofit four-year colleges found mixed results, ranging from no link to a strong causal connection. But fresh academic research supports the idea that student aid in the form of grants leads to higher prices at for-profit schools, a small segment of postsecondary education.
Heather Burke with her children, Presley Lyon and Dylan Ceballos. Ms. Burke acquired a degree and $60,000 in debt at college, but her job hasn’t changed.
The new study found that tuition at for-profit schools where students receive federal aid was 75% higher than at comparable for-profit schools whose students don’t receive any aid. Aid-eligible institutions need to be accredited by the Education Department, licensed by the state and meet other standards such as a maximum rate of default by students on federal loans.
The tuition difference was roughly equal to the average $3,390 a year in federal grants that students in the first group received, according to the National Bureau of Economic Research working paper by Claudia Goldin of Harvard University and Stephanie Riegg Cellini of George Washington University.
The authors only examined programs that award associate’s degrees and nondegree certificates in fields including business, computer sciences and cosmetology. They didn’t look at tuition charged for bachelor’s degrees or at public and private nonprofit universities, which together educate roughly 90% of postsecondary students.
The authors said their findings lent “credence to the…hypothesis that aid-eligible institutions raise tuition to maximize aid.”
So here stands Claire, promoting government solutions to a problem most likely created by government.
Just like always:
McCaskill’s message to the college students present was simple. Without the federal government, you are helpless.
You can’t do this on your own.
You need us.
Sadly, aside from me, there wasn’t a member of the audience willing to stand up and challenge that premise. Just more people joining the march across the Bridge to Dependence.