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Reply to "Why is Biden extending the student loan repayment pause?"
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[quote=Anonymous][quote=Anonymous]I'm trying to figure out the root issue that this policy is trying to solve. I gather it is: The cost of higher education is increasingly unattainably high. That cost is either preventing people from getting that higher education or causing them to have limited earning power upon graduation. The way to solve that is through [i]forward looking[/i] policies that reduce the cost and/or provide more alternative pathways to financial stability that do not require higher education. What I don't understand is how loan forgiveness actually solves the root problem. It does nothing to help anyone entering college or the workforce in the coming years, right?[/quote] It doesn’t. Which is why rational people are opposed to this unless it is part of a systemic change (which can only be done with Congress, unfortunately)[/quote]
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