Student debt tops $1.2 trillion.  With all the consequences of mounting student loan debt taken into account, liberal policymakers have generally proposed one of two solutions: heavily subsidizing student loans or forgiving outstanding student loan debt.  There’s a more radical third “solution”: having the government foot the bill for all tuition.  The third option may be too radical even for the American left, though it’s currently championed by Bernie Sanders.  Sanders would like to follow the Scandinavian model in making higher education free of charge to all students. Regardless of what you think of the government involving itself more in higher education than it already does, some might assume that this would at least take care of the student debt problem.  They would be wrong. Above is charted average student loan debt in Sweden (where tuition is free) versus the United States.  And while there is obviously a...(Read Full Post)