Editors note: This weeks Future View asks whether President Biden should make student debt relief a priority. Next well ask: What do you think of companies embrace of Pride Month? Students can click here to submit opinions of fewer than 250 words before June 15. The best responses will be published that night.
Canceling student loan debt is a short-term solution that will only encourage universities to raise tuition. They wont lose applicants over cost increases. Parents who cant pay will expect the feds to step in. As a result, the next generation of students will be met with the same or worse debt problems, causing another student-loan cancellation initiative. According to the Federal Reserve Bank of New York, every dollar in subsidize…
Read the full article at: https://www.wsj.com/articles/should-biden-have-forgiven-student-debt-11622588577
