When Americans head to the polls in November, President Joe Biden will have had a direct effect on the household finances of about 4 million of them: He canceled their student loan debt.
It’s a key issue since he can pad his list of accomplishments with a few billion here or there by enforcing existing forgiveness programs without addressing the $1.7 trillion problem itself. Tuition costs have only gone up and new students are signing up for new loans with just as draconian terms as the old ones.
That would have made a huge impact on cost and availability of higher education, gone a long way toward addressing the $1.7T problem itself. I’m sure that would sail right through Congress, which is the branch of government that can legally do something about it
Yeah it looks like they haven’t tried again, but apparently more than half the states have some sort of free college (plus Massachusetts’ program just went live this winter and was not on the lists)
It’s a key issue since he can pad his list of accomplishments with a few billion here or there by enforcing existing forgiveness programs without addressing the $1.7 trillion problem itself. Tuition costs have only gone up and new students are signing up for new loans with just as draconian terms as the old ones.
It’s up to Congress to stop the academic indenture of the next generation, but we know they won’t do anything
That’s true, though it’s unfortunate that while biden was part of congress he helped create the problem.
Yeah, it’s too bad Biden didn’t propose something like free community college for all
That would have made a huge impact on cost and availability of higher education, gone a long way toward addressing the $1.7T problem itself. I’m sure that would sail right through Congress, which is the branch of government that can legally do something about it
Are democrats in congress actually pursuing this or is this just all talk? It’s become a common pattern of democrats making “proposals” and then nothing comes of them, especially when they actually get a majority in congress since it suddenly becomes a low priority like when Obama said an abortion rights law was not a top priority after claiming it’d be the first thing he’d do while on the campaign trail even though he got in with a super majority.
Yeah it looks like they haven’t tried again, but apparently more than half the states have some sort of free college (plus Massachusetts’ program just went live this winter and was not on the lists)