Biden Tiptoes Closer to Mass Forgiveness of Federal Student Loan Debt
Biden wants to forgive $10,000 in federal loan debt per borrower, regardless of whether they need it.
Biden wants to forgive $10,000 in federal loan debt per borrower, regardless of whether they need it.
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Plus: perpetual "scope creep" of the welfare state
Student debt cancellation would disproportionately benefit college degree holders with higher earnings.
Plus: The editors answer how Reason has changed each of their lives.
The Biden Administration will push student loan repayment until late summer.
The organization's embrace of a wide-ranging progressive agenda undermines its reason for existing.
Biden is using executive authority to write off debts for some borrowers, while a Bush-era law could have even bigger implications.
Thirty-five years after Bill Bennett sounded the alarm about student loan defaults, we still haven't learned a damn thing.
Education Department says its goal is to make sure borrowers in default get their tax refunds.
This is probably not what Lyndon B. Johnson had in mind.
Plus: Uber abandons self-driving autos, on being "both loud and silenced," and more...
Despite Elizabeth Warren's contention that it is the "single most effective economic stimulus that is available through executive action," forgiving student debt is a bad idea.
Secretary of Education Betsy DeVos on schooling during COVID-19, the future of higher ed, and why her cabinet department probably shouldn't exist at all
Her plan isn't perfect, but she's right that the system is broken. Congress should act to fix it.
There is a better solution than the ones politicians offer.
Republicans and right-leaning independents have turned rapidly against higher ed.
The Democratic hopeful has a plan for everything. Will her plans add up?
Most college students borrow responsibly but the media can't stop showcasing people whose behavior is inexplicable and indefensible.
Americans are paying more than ever for car loans. Why shouldn't the government bail those out too? For the same reason eliminating student loans would be a bad idea.
Being a presidential candidate means never having to say sorry for heavy-handed proposals to limit choice and promise free stuff.
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"Mayor Pete" Buttigieg is a rare and welcome exception to a trend that gives money to people who don't need it.
"We consistently allow the government to develop…programs like this that sound really great on paper but have no practical benefit," Keith Bradford says.
The granting or withholding of that approval is a powerful lever over our lives.
Taking away someone's ability to earn money seems like a shortsighted way to get loans repaid.
It's not clear that Cuomo's plan for a scholarship clawback is even constitutional.
New York Gov. Andrew Cuomo will announce a free tuition plan for SUNY schools today. Bad idea, especially in a state that's already overtaxed.
The paper's editors wouldn't recognize economic thinking if they were bludgeoned to death by a supply and demand curve.
Political concession to the Sanders crowd that you'll pay $35 billion for
Got his minimum wage plank and Clinton's support for free college.
"Maybe, instead of taking a fifth field trip to the Trail of Tears site, take one to learn about real jobs in an area they might want."
Restating the obvious.
Purdue's Mitch Daniels, Brookings' Jonathan Rauch, and students at Claremont-McKenna speak up loudly for the free and open exchange of ideas.
Somebody should picket for mandatory economics classes.
You can go to college for $60,000 total or $160,000. Is that really a tough decision? And what school should accept you if you pick the latter?
Why does America have higher attendance and graduation rates?
Democratic socialist plan for higher education is anything but
Glenn Reynolds of Instapundit explains why college is Camelot in Monty Python and the Holy Grail.
...the White House finally unveiled a site that fails to do what the president championed.
Democrats have plans that obscure the real problems, but speak to the outrage.
Calls for more state and federal spending on administrative services.
Bill Clinton offered a tradeoff, while Hillary Clinton may be offering a handout.