Contributing columnist Dana Hall McCain argues that canceling debt 'does nothing to reign in U.S. colleges and universities, which have jacked up the cost of higher education without offering a diploma with similarly increased value.'
I’m not angry about it. I just think it’s a bad policy.
That’s nonsense. I don’t blame anyone for taking the off-ramp on those payments when offered, especially those who have honored their loan agreements and been faithful in their repayment obligations up to this point. Fiscal policy can simultaneously be good for individuals I knowMy problem with the Biden plan is that it does nothing to prevent this vicious cycle of educational borrowing and debt strain from consuming the next wave of American students.
These institutions raise college costs with impunity, strangle students with debt, count their money, and then let Washington send the bill to you and me when the whole racket collapses. Suppose the President had introduced a plan to clamp down the amount loan-eligible colleges are allowed to charge and force uber-wealthy schools to start underwriting their students’ loans. In that case, I could better live with the cancellation of debts incurred in recent decades. It would be a more reasonable wiping of the slate as part of a total re-set of education lending.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Opinion | Will Six Months of War in Ukraine Turn Into Six Years?'Biden is signaling that his administration intends to measure this war in years, not months.'
Lire la suite »
The Biden administration is handing COVID costs to the healthcare industryNPR's Steve Inskeep speaks with Stephanie Armour of the Wall Street Journal about the federal government's plans to shift costs for COVID prevention and treatment to the healthcare industry.
Lire la suite »
Biden admin creates Arctic region ambassador position to counter climate change, geopolitical threatsA new ambassador position has been created by the Biden administration to handle relations with countries in the Arctic region amid growing tensions with Russia and China.
Lire la suite »
Biden Administration to End Free, At-Home COVID Test OrdersThe federal government will suspend online orders for free, at-home COVID-19 tests on Friday, Sept. 2 due to limited supply. Tests will continue to be distributed in other ways, including at 15,000 federally supported sites such as community health centers, libraries, and pharmacies.
Lire la suite »
Biden expected to visit Pittsburgh for Labor DayMr. Biden is likely to attend the city's famed Labor Day parade, one of the largest gatherings in the nation on the national holiday for workers.
Lire la suite »