A sharply divided Supreme Court has effectively killed President Joe Biden’s $400 billion plan to cancel or reduce federal student loan debts for millions of Americans.
Why does this make it harder for the poor to access higher education? A debt forgiveness will make current debtors less burdened but will probably make it more expensive for new applicants. Isn’t it the other way around?
Chances are loan forgiveness would push a conversation regarding tuition fees in general, and would ultimately make university free / affordable instead.
Well, around 20 states right now offer free community college if you’re a resident through first/last dollar programs. Meaning, they will cover the costs after any other financial aid. Other qualifications vary.
Some States schools offer debt relief if you hold a regional residency for X-years (usually 5) after graduation. So for example, if there’s an area of a State that needs more investment (like Upstate NY versus Downstate), these programs are designed to increase GDP and strengthen the talent pool.
Of course, you can get a tuition waiver in like half the states if you’re over 60. 🙄
I’m not saying any of this is ideal by any stretch if the imagination. Just saying there’s some headway here and there in terms of precedent for tuition-free college education.
Why does this make it harder for the poor to access higher education? A debt forgiveness will make current debtors less burdened but will probably make it more expensive for new applicants. Isn’t it the other way around?
Chances are loan forgiveness would push a conversation regarding tuition fees in general, and would ultimately make university free / affordable instead.
Maybe.
There is 0 chance that would happen with our current political climate.
Well, around 20 states right now offer free community college if you’re a resident through first/last dollar programs. Meaning, they will cover the costs after any other financial aid. Other qualifications vary.
Some States schools offer debt relief if you hold a regional residency for X-years (usually 5) after graduation. So for example, if there’s an area of a State that needs more investment (like Upstate NY versus Downstate), these programs are designed to increase GDP and strengthen the talent pool.
Of course, you can get a tuition waiver in like half the states if you’re over 60. 🙄
I’m not saying any of this is ideal by any stretch if the imagination. Just saying there’s some headway here and there in terms of precedent for tuition-free college education.