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Some economists argue that one-time forgiveness of student loans will create an expectation that the same thing will happen again — and they say that expectation will drive up tuition prices.
The student loan plan is the latest example of Democrats practicing the art of the possible on the nation’s most pressing economic challenges and ending up with risky or patchwork solutions.
President Joe Biden’s student loan cancellation offers a life-changing financial break for millions of Americans
“We cannot continue to trap another generation of Americans in this cruel cycle."
For millions of Americans, President Joe Biden's student loan cancellation offers a life-changing chance to escape the burden of debt. But for future generations of students, it doesn't fix the underlying reason for the crisis: the rising cost of college.