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Oct 4, 2024 · Proponents of canceling student debt say it would help relieve the financial burden on lower-income students who sought higher education.
- Student loan forgiveness is an abuse of the loan system. People must be held responsible for their personal economic choices. A 2020 survey found 46% of Americans believe student loan forgiveness is unfair to those who have paid off their loans, and 39% believe it unfair to those without loans.
- Student loan debt forgiveness would disproportionately help rich or more financially secure college graduates. Constantine Yannelis, PhD, Professor of Finance at the University of Chicago, found, “Any policy that is a universal loan forgiveness policy or a capped forgiveness policy — say forgiving debt up to $50,000 — is going to give most of the dollars in forgiveness to upper-income individuals… Basically, most of the benefits will end up accruing to upper-income individuals.”
- Discharging student loan debt would only be a temporary bandage for the much larger problem of inflated college costs. The US already has several student loan forgiveness programs and yet we’re still in a student loan debt crisis.
- Student loan discharge via bankruptcy would allow borrowers to abuse the loan system and encourage colleges to increase tuition. Making it easier to discharge loans would give people an incentive to take out loans with no intention of paying them back, or to borrow more than they need.
Aug 28, 2022 · President Biden's plan to forgive hundreds of billions of dollars in student debt will help millions – but it's also raising concerns about inflation, economic fairness and...
Aug 30, 2019 · Student loan risks include economic hardship, mental health problems, and delayed adult transitions such as starting a family. Individual debt has also led to disparate impacts among students of color, who are more likely to hail from low-income families.
Talk to your students about Turnitin, its benefits and limitations, and why you’re using it. This can help students understand the positive role that Turnitin, when thoughtfully deployed, can play in a course.
Oct 17, 2023 · As policymakers grapple with whether to forgive student debt, who should get debt forgiveness, and how much should be forgiven, we explore how different levels of student debt forgiveness would relate to household decisions and behaviors.
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Students should be informed of the impact the interest rate has on their total loan balance and/or ability to pay those loans back after graduation. In recent years, many students have been borrowing via Direct Unsubsidized Loans with interest rates at or above 5%.
