The Supreme Court rejects Biden's plan to wipe away $400 billion in student loan debt
The Supreme Court rejects Biden's plan to wipe away $400 billion in student loan debt
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.
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I don’t have kids but am perfectly happy to pay more tax to make education free or cheaper. How can anyone argue that a less educated society is better? The more people that can experience higher education is plainly a good thing. There could be someone out there who could make a medical or technological breakthrough but doesn’t get the chance because they can’t afford to go to college.
I think the main argument is that this isn't the way to go about that. The universities are totally out of control and need to be forced to curb their spending to make things more affordable before we just start handing them public funding like this.
need to be forced to curb their spending to make things more affordable
How? Students are choosing more expensive places. The market is driving this.
Well I think this move is only going to hurt people in the short run, it was just asking for further dive in a recession, I do agree with this sentiment of it.
Tuition prices are absolutely insane. Colleges and universities are spending money on ridiculous nonsense, and that needs to be reigned in severely before Just throwing billions more taxpayer dollars at them.
That said, these funds weren't going to the universities. They were going to the banks, so cutting this off isn't going to influence tuition rates in any way.
I don’t really think anyone in the government has a good solution for this, do they?
Remove the available money? Only the rich go to college. Add more money? The prices go up.
You could try regulating it, but then you just get colleges that refuse to accept government money, while simultaneously asking for the same amount.
I’m sure someone has a solution that would work, but it’s not anyone with the power to implement it, that’s for sure.
just make public universities cheaper, private sector will feel the competition and lower prices.
I honestly don’t think so. Private universities are already more expensive, why would they care if that gap widened more?