Debt Forgiveness Is a Political Minefield: Biden's plan will help millions of people who deserve relief. But it will be messy

[Image Omitted] Last month the Biden administration announced plans to forgive the first $10,000 of most outstanding federal student loans, and up to $20,000 for students who received Pell Grants. The Biden plan to make loan forgiveness contingent on income will require many people to apply for the...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:The Chronicle of higher education 2022-09, Vol.69 (3), p.36
1. Verfasser: Carey, Kevin
Format: Artikel
Sprache:eng
Schlagworte:
Online-Zugang:Volltext
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
Beschreibung
Zusammenfassung:[Image Omitted] Last month the Biden administration announced plans to forgive the first $10,000 of most outstanding federal student loans, and up to $20,000 for students who received Pell Grants. The Biden plan to make loan forgiveness contingent on income will require many people to apply for the benefit, and therefore exclude eligible borrowers whose difficulty in navigating the often-labyrinthine loan system is the reason they need help in the first place. Congress has made little or no progress on reducing the underlying cost and price of college itself. [...]every free-college proposal proffered by high-profile public leaders like Senators Sanders and Warren has been limited to free in-state undergraduate tuition at public colleges and universities.
ISSN:0009-5982
1931-1362