Loan Forgiveness: A Superficial Solution to the Student Debt Problem
Bills filed in the North Carolina General Assembly would provide student loan debt relief to “public interest” attorneys and to K-12 teachers. Both proposals are ill-advised. Rather than erase debt for those in politically connected groups, lawmakers should work to address the root causes of skyrocketing college costs, which are borne by all North Carolina students through the tuition and fees they pay each semester. Of course, state taxpayers also cover those costs, with roughly $2.6 billion allotted annually to the University of North Carolina System.