“3 Reasons We Shouldn’t Bail Out Student Loan Borrowers” is written and narrated by Nick Gillespie and produced by Meredith Bragg.
About 3.33 minutes long. Go to Reason.tv for downloadable versions and subscribe to Reason’s YouTube channel to receive automatic notifications when new material goes live.
As the cumulative total of student loan borrowing approaches $1 trillion dollars, calls to forgive some or all of that debt are mounting. Federally guaranteed student loans make up more than half that total and Barack Obama is pushing to cap the amount any borrower must pay back in a given year and forgive outstanding balances after 20 years.
Among Occupy Wall Street protesters, calls to bail out student loan holders are arguably the single-most voiced demand and sites such as Forgive Student Loan debt beat the drum for immediate and widespread relief.
But forgiving student loan debt is a very bad idea for at least three reasons.
1. These loans are voluntary. All borrowers are excrutiatingly well-informed of how much they’re borrowing and how much they’re going to have to pay back.

Read the rest at Big Government