IMO: This is just about the worst macro policy I’ve ever heard of… much of the funds will go to a bank. College graduates, as a class of people, are doing a lot better than those without college degrees. Their unemployment rate is lower (though at this point in time is the highest it has ever been) and they’re making a lot more money. This is nothing but an election-year pandering by both Republicans and Democrats to those college graduates who think that politicians want to “do something” to alleviate their pain.
Attention College grads…this has NOTHING to do with your pain, it has EVERYTHING to do with their re-election. Now is the time to demonstrate that, over the last four or so years, you actually learned something other than how to party.