The Debate Over Canceling Student Loan Debt
From the earliest days of his administration, President Biden has been under pressure from activist groups and many fellow Democrats to take action to relieve students of their college loan…
Posts tagged with
“student loan crisis”
How Did We Get Into the Debt Trap?
No one spoke of college students being trapped in debt until rather recently. Prior to the advent of federal student aid programs, college wasn’t expensive, few Americans regarded it as…
North Carolina Aims to Halt Predatory Student Loan Lending
Student debt isn’t necessarily always bad. For some, taking out the necessary amount of loans to fund one’s education may be a prudent decision. But before taking out a loan,…
Why Don’t Governing Boards Rein in College Costs?
Public higher education was once America’s great enabler, permitting young people from lower-class backgrounds to attend college for very little money and to rise as far as their abilities and…
To Fight Student Loan Debt, North Carolina Schools Need to Stop Pushing Parent PLUS Loans
Student loan debt has received more attention lately, but one aspect has been left out of the debate: parents taking on loans for their children. While undergraduate students generally can…
Biden Could Shake Up Higher Ed—If He Doesn’t Endorse the Status Quo
Now that President Biden has been sworn in as the 46th president, he wants to hit the ground running and attend to urgent priorities. One of his first moves was…
Eliminate or Radically Restructure Federal Student Loans
A recent defense of student loans by Jason Delisle of the American Enterprise Institute is, uncharacteristically for him, off-base. He defends the federal student loan program, which he correctly notes…
Court Decision Erases a Huge Student Debt—Is that Good or Bad?
For years, a contentious and sometimes emotionally heated debate has raged over the issue of letting people discharge their student loan debts in bankruptcy. A recent decision opens the door…
Did You Know? Repaying Student Loans Isn’t Onerous for Most Graduates
College students have taken on so much debt that many political leaders are declaring a “student debt crisis.” Certainly, many former students are facing a crisis as they struggle to…
How did we get into the Student Loan Mess?
For all of the words devoted to our student loan mess (or "crisis" or "bubble"), little has been written on its origins. We know that student loan debt now exceeds $1 trillion and that many young Americans are struggling with a heavy burden, but how things got that way is largely a mystery.