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Last week, President Joe Biden cited Harvard because a reason not to forgive more than $ten,100 of scholar loans. During the a good Feb. sixteen CNN town hall, the brand new President conveyed his resistance to many Democrats’ push getting upwards in order to $50,one hundred thousand property value credit card debt relief, arguing that he won’t “forgive the debt, this new billions of bucks out of debt, for people who have attended Harvard and Yale and you will Penn.”
We discover the fresh President’s shoutout a bit misguided. Depending on the U. Even better, predicated on high degree expert Mark Kantrowitz, simply 0.step 3 % of government scholar individuals attended Ivy Category colleges. It isn’t our very own pupil financial obligation – but i however need Biden in order to forgive it.
After that, targeting dissecting those individuals deemed worth mortgage forgiveness regarding “undeserving” with a superb-tooth brush try frustratingly unproductive simultaneously when American children and you may graduates is actually suffocating according to the weight out-of $1
To be obvious, Biden need certainly to focus on flexible pupil personal debt, and cannot feel beholden to help you their notice-implemented $ten,100 limitation. Read more “S. Department of Education’s university scorecards, just around three per cent off undergraduates at Harvard receive federal finance”