Hasan Minhaj Tells Congress College Costs 110% More Today
Elizabeth Warren paid $50.00 a semester for her degree from the University of Houston on a part-time waitressing job in 1970. This was the start of her journey to the U.S. Senate and to the stage of the Democratic debate as a presidential hopeful last night.
Warren continued her opening remarks, by acknowledging that this path to the middle class is no longer available. As one of the 44 million Americans burdened by student loan debt, this was a deafening fact to process.
On Tuesday Hasan Minhaj, the host of Netflix’s Patriot Act, literally took his show on the road. He appeared before Congress to testify in a hearing with the House Financial Services Committee to ask lawmakers, ‘Why can’t we treat our student borrowers the way we treat our banks?’
Similar to Warren, Minhaj noted that Rep. Maxine Waters paid (adjusting for inflation) approximately $1,000 per year for her undergraduate degree at Cal State, Los Angeles in 1971. Today, it costs more than five times more. Overall there has been a 110% increase to the cost of college with only a 16% increase in wages.
“We put up a paywall to the middle class,” the comedian told Congress and reminded them the student borrowers deserve the same treatment as for-profit industry.
Which Democratic presidential candidate presents the best plan to resolve the student loan debt crisis? How important is this issue as you head to the polls next year?