Americans are keen supporters of higher education and Washington has traditionally generously concurred. But, in the 2020 presidential Democratic primary, several prominent potential nominees have endorsed once-unimaginable levels of government aid for college students. Elizabeth Warren, for example, recently announced that if elected she would spend $1.5 trillion (raised by higher taxes on the very rich) to eliminate up to $50,000 in student loan debt for those in household with incomes below $100,000 with smaller cancellations for households earning less than $250,000.  Her plan would also abolish tuition at all public colleges while offering government grants for non-tuition expenses. Meanwhile, a $50 billion fund would help financially struggling historically black colleges and universities (HBCU). Some 42 million Americans would benefit, especially 75% of those with federal government-funded college debt. Washington would also encourage non-government debtholders to...(Read Full Article)