Biden puts Drama over Engineering

The student loan program, as currently written, is looking to be one of the most costly, inefficient and unwise government programs of the 21st century.”

https://marginalrevolution.com/marginalrevolution/2022/09/taxing-mechanical-engineers-and-subsidizing-drama-majors.html

Calculation and estimates that typical graduates in Mechanical Engineering will on average get a 0% subsidy but graduates in Music will get a 96% subsidy, in Drama a 99% subsidy and Masseuses a 100% subsidy on average.

https://www.brookings.edu/opinions/bidens-income-driven-repayment-plan-would-turn-student-loans-into-untargeted-grants/