Time: “Senate Minority leader Mitch McConnell called Biden’s loan forgiveness plan ‘student loan socialism’ and said it was a ‘slap in the face to every family who sacrificed to save for college.’ But when McConnell graduated from the University of Louisville in 1964, annual tuition cost $330 (or roughly $2,500 when adjusted for inflation); today, it costs more than $12,000, a 380% increase.
“When House Minority Leader Kevin McCarthy, who called the policy a ‘debt transfer scam,’ graduated from California State University, Bakersfield in 1989, tuition was less than $800; today, it’s more than $7,500, a 400% increase when adjusted for inflation.”
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