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College Enrollments are Down, Tuition Prices are Up & Student-Loan Forgiveness Is on the Way: The Wounded Grizzly Syndrome

College Enrollments are Down, Tuition Prices are Up & Student-Loan Forgiveness Is on the Way: The Wounded Grizzly Syndrome

Earlier this week, Inside Higher Education, reported that college enrollments have declined for five straight semesters. In the spring 2020 semester–when the COVID epidemic began–the nation’s colleges enrolled 17.1 million students. Today, 15.9 million Americans are in postsecondary classes–a decline of 1.2 million students. Some states saw more significant declines than others, and some saw …

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105 Organizations Want Biden to Cancel All Student Loan Debt: It Ain’t Happenin’

More than one hundred public interest groups sent a letter to President Biden this week urging him to cancel all student debt. How much are we talking about? Close to $2 trillion. I will say upfront that I support wholesale student-loan forgiveness. As numerous studies have pointed out, burdensome student debt has kept millions of …

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Politicians Want $50,000 in Student-Debt Relief: A Good Idea?

Top Democrats, led by Senators Chuck Schumer and Elizabeth Warren, are calling on President Joe Biden to forgive student-loan debt up to $50,000 per person. According to the plan’s proponents, $50,000 in debt relief would wipe out all college-loan debt for 36 million Americans. That would be an impressive achievement. Moreover, forgiving $50,000 in student …

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Can the President Cancel Student Loan Debt?

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On the 2020 presidential campaign trail, Joe Biden ran in part on a student loan reform platform. On top of suggesting potential changes to existing federal student loan forgiveness programs, Biden floated the possibility—both in Tweets and in campaign speeches—that he supported a proposal to forgive $10,000 in federal student loan debt. All of this …

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Here is Why Forgiving Student Loans is Impossible Issue With an Easy Solution

When it comes to a rapidly accelerating financial burden on American families, there is no greater concern than student loans. The debt is burdensome and unfair on many levels that I’ll explore below. However, there is a straightforward and simple solution for dealing with all of this outside of struggling to develop a fair forgiveness …

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Law Professors Propose Regulations to Help Protect Private Student Loan Borrowers

Prentiss Cox, Judith Fox, and Stacey Tutt are professors of law at various law schools. They’ve taken a look at our very broken private student loan system in America and presented some needed changes to help provide relief for consumers. Their published paper begins with: “Private student loan borrowers arguably have the fewest protections of …

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Is the Biden Student Loan Relief Plan Too Much or Too Little?

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This week, Joe Biden called on Congress to give all student borrowers $10,000 in debt relief on their federal student loans. “It should be done immediately,” Biden said. Senators Elizabeth Warren and Charles Schumer say Mr. Biden’s plan is not bold enough. They want him to use his executive powers to give all student borrowers …

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