Tag: student-loan debt
Biden Is Leading On Student-Loan Borrowers — Again
The president has doubled down on legally dubious executive action.
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How to Fix American Higher Ed
American higher education is the envy of the world, and it’s also failing our students on a massive scale. How can both be true simultaneously? Our decentralized, competitive system of research institutions is a national treasure, unparalleled in human history. We have the best universities, best professors, and best systems of discovery, and we attract the best talent. But the American educational system leaves many high-school graduates woefully unprepared for work or for life, whether or not they go
Who Really Benefits From Student-Loan Forgiveness?
In March 2020, the government stopped bugging me—and 40 million other Americans—for student-loan payments. It also stopped collecting interest on outstanding debt. And with so many other things to worry about, I largely stopped thinking about that debt. Some survey data indicate that many of my peers became similarly disengaged. Two years later, one estimate from the Committee for a Responsible Federal Budget suggests that $5,500 per borrower has been effectively canceled, largely because of the lack of interest that