The media and advocates for income redistribution are creating a continual stream of stories about the student loan crisis. We are inundated with sob stories about people suffering under a crushing debt burden. The New York Times alone has had stories on how student loan debt is now a problem for senior citizens, how young people’s lives have been ruined, and how a whole generation will be unable to buy homes because of their student loan debt. Luckily, these stories are based simply on a few scattered cases. In reality, there is no student loan debt crisis and it is time for the media to report the facts, not the sob stories.
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