Christian finance guru Dave Ramsey says that the United States needs to stop making student debt — but that doesn’t mean that he believes in loan forgiveness.
What are the details?
Last week, Ramsey
tweeted that people shouldn’t create student loan debt at all — and instead opt to pay cash for higher education and attend community college or trade school.
He wrote, “Maybe before we forgive student loan debt, we should stop allowing student loan debt…”
He expounded on that remark with
Insider and said that politicians like President Joe Biden are being “intellectually dishonest” when talking about forgiving student loans, but continuing to allow students and their families to continue taking them.
“If we believe student loans are so horrible and evil, which I do, then we should stop making them,” Ramsey reasoned. “It’s intellectually dishonest for politicians to run around talking about forgiving student loans while they’re still making them.”
Insider reported that Ramsey previously added that student debt cancellation was nothing more than “hogwash” and that saying canceling the debt would stimulate the economy is simply “smoke and mirrors.”
Ramsey added that students intent on pursuing higher education…
