On Friday, Breitbart posted an article about the overlooked item in the discussion about forcing the government to forgive outstanding college loans.

The article reports:

On Friday’s “CNN News Central,” CNN Chief Business Correspondent Christine Romans discussed President Joe Biden’s student loan plan that was struck down by the Supreme Court and noted that the plan was really “taxpayers paying off all this student debt, but not addressing the core problem.”

Romans said, “This would have been significant relief, when you think of 44 million Americans with this student loan debt. And the typical student loan forgiveness was going to be $10,000, about half of borrowers have 20,000 or less. So, that would have been a real big relief for so many people. But, from the very beginning, there was also the discussion that it didn’t do anything to address the root cause here, which is inflation in the cost of higher education, right? So, this would have been paying off a bunch of student debt, taxpayers paying off all this student debt, but not addressing the core problem. So, that’s someplace where the White House and higher education can really try to fix the core — the root of that problem.”

In September 2022, U.S. News posted the following graph:

Just as a point of reference, this is the inflation chart from the U.S. Inflation Calculator site:

Shouldn’t we be looking into the inflationary cost of college instead of enabling that inflation by offering to pay off student loans? I realize that our money is worth less than it was in 2003–but not two and a half times less. It’s time to put strings on student loans. Colleges need to be encouraged to act with more fiscal responsibility. Colleges also need to use some of their legacy money to lower the cost of tuition for students.