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"Forgive Student Loans" Really Means Workers Must Pay for Privileged Students

John Stossel on

"I know guys who worked hard to get a construction operation running. Some had to take out a loan on a big old diesel truck. Why would we forgive the cost of a degree but not the cost of a lease payment?"

It's a good question.

"For some reason," continues Rowe, "we think a tool that looks like a diploma is somehow more important than that big piece of metal in the driveway that allows the guy to build homes that you ... are in."

The political class does focus on subsidizing college.

"Now everybody is armed with a degree. What kind of world is that?" asks Rowe. "Everybody dreams of being in the corner office, but nobody knows how to build the corner office?"

Lots of good jobs in skilled trades don't require a college degree, he points out. "The push for college came at the expense of every other form of education. Shop class was taken out of high school. We have denied millions of kids an opportunity to see what half the workforce looks like."

 

It's a reason America now has a shortage of skilled trade workers.

Yet, plumbers, elevator mechanics construction managers, etc., make $100,000 a year.

MikeroweWORKS Foundation gives young people scholarships to schools where they learn such trades. He seeks to make skilled labor "cool" again.

One Rowe scholarship recipient, Chloe Hudson, considered college but was shocked at what it cost.

...continued

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Jeff Danziger Kirk Walters John Branch Steve Kelley Monte Wolverton Tom Stiglich