Opinion | Should Biden Have Forgiven Student Debt?

  • 📰 WSJ
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

Education Education Headlines News

Education Education Latest News,Education Education Headlines

From WSJopinion: In this week’s Future View, students discuss the president’s turn on student loans. Did he abandon young voters? Or was it the right call?

to submit opinions of fewer than 250 words before June 15. The best responses will be published that night.Canceling student loan debt is a short-term solution that will only encourage universities to raise tuition. They won’t lose applicants over cost increases. Parents who can’t pay will expect the feds to step in. As a result, the next generation of students will be met with the same or worse debt problems, causing another student-loan cancellation initiative.

In the midst of a pandemic, many students didn’t even receive the first two stimulus checks—which were meager anyway—and faced an ever thinner job market as they and their parents tried to make ends meet. Debt relief was more vital than ever, but it’s evident this president doesn’t care. Politicians and activists promoting student debt relief ignore many of the financial burdens families take on so they can afford college. Families often take out loans for housing, transportation and living expenses so they can free up money to pay for tuition. Households also forgo consumption and pour their money into savings in the hopes of avoiding debt. Why only reward those who took out student loans to pay for education?It isn’t difficult to understand why Mr.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

opinion No. If the government really wants to help students loans. The first solution is to get rid of the interest rates on the loans. opinion

opinion Not just young voters. Just look at the interest rate we had to carry for decades loans from 94 were at 13%. No refi and no adjustments for current rates. We were sunk by 2000.

opinion

opinion Hell no. I paid mine. Let the cupcakes pay theirs.

opinion right call

opinion He didn’t abandon. He pandered. Big difference.

opinion I was so excited when I opened my wallet and saw my profits of $19k”...What a good work! You knew exactly what I wanted. Thank you so much for the payment Michael 💕 Micheal33590

opinion And after!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in EDUCATİON

Education Education Latest News, Education Education Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Has Biden Abandoned Student-Loan Forgiveness?Blanket student-loan forgiveness remains possible, but in all likelihood, the Biden presidency will yield only small-bore reforms. Here's where the fight for debt relief now stands She's standing in front of the camera so the world won't see but we see you The occupation police arrested two young men and assaulted one of them in the Sheikh Jarrah neighborhood FreePalestine SaveSheikhJarrah SaveSilwan Out of touch boomer A Call to Protect People and Nature! Thread to watch/read:
Source: NYMag - 🏆 111. / 63 Read more »

The White House promised a memo on Biden's authority to cancel student debt. Where is it?Neither the White House nor the Department of Education could provide NBCNews with a timeline of the review process on Pres. Biden's authority to cancel student debt, as federal student loan forbearance is set to expire in 4 months. NBCNews A Call to Protect People and Nature! Thread to watch/read: NBCNews No one has to get a student loan to get an education. No one has to go full-time ever NBCNews Don't get a student loan if you can't or won't pay it back. It's simple. It's not fair to ruin the student loan program for people who can't pay them back for whatever reason.
Source: MSNBC - 🏆 469. / 51 Read more »

Biden eyes grants, federal purchasing to narrow racial wealth, home ownership gapsPresident Joe Biden will announce steps on Tuesday to narrow the large and persistent racial wealth gap that divides Black, Latino and white Americans, although he will stop short of a cancellation of student loan debt demanded by civil rights groups. Biden, a Democrat, will call for billions of dollars in grants and investments to benefit poor minority communities, as well as a big increase in federal procurement from small, disadvantaged businesses, and a crackdown on housing discrimination, administration officials told reporters. He will unveil the measures during a visit to the Greenwood neighborhood of Tulsa, Oklahoma, where hundreds of Black Americans were massacred by a white mob 100 years ago. Biden get off the racial crap
Source: YahooNews - 🏆 380. / 59 Read more »