"There should be broad student loan forgiveness," says Kevin Walker, a student loan expert and publisher of. He continues, "I think a measure of forgiveness could help undo lots of this damage – I'd personally go higher than $10,000, but it's a start." And finally, policymakers made decisions that prolonged the recovery from the Great Recession far, far longer than it had to be, making it super-hard for many debt-holders to earn enough reliably to pay off debts." Policymakers failed to police diploma-mills and the predatory for-profit sector. "Policymakers cut back funding for higher education, and these cutbacks were made up with huge increases in tuition costs, forcing people to take on more debt. I see it as basically recompense for a string of bad policy failures," says Josh Bivens, economist and director of research at the Economic Policy Institute. "I definitely think some measure of student debt forgiveness is a good thing. ![]() ![]() But Safier adds that the same survey found that only one in four borrowers believe they will actually have their student loans forgiven by the Biden administration.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |