Now that student debt is canceled, can we address its root causes?
President Joe Biden’s decision to cancel $10,000 in student debt for most borrowers and $20,000 for Pell Grant recipients was an unprecedented acknowledgment of today’s student debt crisis. For many, debt acts as an invasive weed choking off the benefits and opportunities that a college degree should bring.
While the president’s plan has the potential to provide meaningful relief to millions of borrowers, the roots of the student debt crisis run deep, and only Congress can pull them up entirely.
The above excerpt was originally published in The Hill. Click here to view the full article.
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