Student Debtors Say Affordable College is More Important than Debt Forgiveness
Abstract
More than half the respondents favor President Biden's plan to forgive $10,000 in student debt per borrower. Among people with outstanding student loans, 84 percent support Biden's debt relief plan, and 68 percent want Biden to forgive all student debt That's not surprising. Here's the NPR poll's most interesting finding: Among college-loan debtors, 82 percent believe making college more affordable should be the feds' priority. Giving student debtors $10,000 in student-loan relief will do nothing to solve the student-debt crisis, which worsens with each passing month. The United States has too many colleges and too many frivolous degree programs. It's easy to shower college-loan borrowers with helicopter money- a one-time gift of $10,000 in loan forgiveness to every student debtor. Kinda like giving a couple of bucks to a panhandler-how hard is that? It is much harder to grapple with the underlying reasons for the student loan crisis: corruption, mismanagement, and price-gouging at American universities.
