Students with up to $230,000 in student debt have decided that they are rich in political power. At a Zoom meeting hosted by the activist group the Debt Collective, student debtors entering the meeting announced on its chat how much money they owed in debt. Although the meeting numbered around 300 people at its biggest,…
Student Debt Forgiveness Won’t Cure Higher Ed’s Disease
Commentary On Feb. 28, the Supreme Court heard arguments on President Biden’s plan to extinguish an estimated $400 billion in student debt. Biden deserves credit for highlighting a debilitating federal program in desperate need of reform. His proposal, however, would make the problem far worse, not better. Any serious reform would force academic institutions to…
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