Why Student-Loan Forgiveness Wasn’t in Biden’s Budget » Scammer News


Now that’s what I call cancel culture.
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The cost of college in America is too damn high. For decades, that has been the consensus among debt-laden university graduates and policy experts alike. The United States spends more per student on higher education than any developed country save Luxembourg. And in the judgment of the OECD, America’s exorbitant tuition rates have “virtually no relationship to the value that students could possibly get in exchange.”

As a result of this policy failure, U.S. college attendees and graduates collectively hold over $1.7 trillion in student debt — and student-loan forgiveness has become a defining cause of the American left.

Shortly before his inauguration, Joe Biden called on Congress to forgive $10,000 of every borrower’s student debt, but the president did not include any loan forgiveness in his…

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