The unasked question about the student loan bailout: what are colleges responsible for, anyway?
Schools that benefit from student debt share almost no accountability for poor returns on students' investment.
Source: wgbh.org
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They Have Debt but No Degree. Could Loan Forgiveness Send Them Back to School?
Millions took on debt for college but left without graduating, making it harder to repay their loans. Will the Biden administration’s relief plan get them to try again?
Source: nytimes.com
SEE IT: How Biden's debt cancellation may make college tuition spikes worse
The cost of attending a four-year college has more than doubled over the last two decades, along with student loan borrowing, and experts are skeptical that a generous loan forgiveness plan announced by the Biden administration will change things.
Source: washingtonexaminer.com
A broken system
I've never had much money. It's not that I haven't tried, but that I grew up pretty poor, and I happened to choose an occupation (local journalism) that traditionally doesn't pay a whole lot.
Source: arkansasonline.com
Swalwell: Student loan interest hurts most for many borrowers
Rep. Eric Swalwell of the Bay Area has spent years pushing legislation to forgive student loan interest and set rates to zero.
Source: latimes.com