Is Forgiving Student Loan Debt the Answer?

Are we just blowing more air into a leaking balloon?

Image for post
Image for post
Pixabay.com

Years of cuts in state funding for public colleges and universities have driven up tuition”

The skyrocket of Public University tuition isn’t caused by what you may think. When adjusted for inflation, the cost of public universities has increased just modestly.

The benefits of forgiving debt make the problem seem more simplistic than the reality.

Despite what most think, student loan forgiveness would disproportionately benefit high-income earners.

“This debt jubilee would postpone the deserved reckoning of the higher-education system with its runaway inflation and predatory practices.”

If the goal is to help most Americans, we can’t stop at forgiving student loan debt.

Debt forgiveness alone would be like treating a contaminated river without stopping the source of the pollution.

Higher education is too expensive for most Americans, yet degrees are rapidly becoming a basic requirement for a middle-class existence.

DaRon is a New Orleans based writer and recent graduate focusing on cultural, social and political issues.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store