How do changes in higher education funding contribute to the accumulation of student debt? | Editorial chronicles
President Biden caused a stir last month when he announced his administration would forgive up to $20,000 in federal student loan debt for Americans earning less than $125,000. My social media feeds went wild with people on one side of the issue celebrating politics as a leap towards economic fairness, and people on the other side bemoaning politics as being unfair to those who had already paid their higher education bills.
It’s often the case that the truth lies somewhere between the extremes, but in this case I think the truth may actually be that both sides are right. This loan cancellation policy will benefit many low-income families who could really use the lift, and that’s not fair.