That’s made it possible — not likely, but possible — for Democrats to deliver on one of their progressive wing’s top priorities: forgiving student loan debt of up to $50,000 per person. But lawmakers should think far more strategically about student debt, rather than simply showering everyone with tax-free loan forgiveness in such high amounts. A $50,000-per-graduate payout would eliminate close to two-thirds of the college debt in the nation. Another worthwhile idea, but not included in Biden’s plan: Charge little or no interest on federal student loans. Persuading employers not to require an unnecessary college education would avoid some of the college debt we’re amassing.

Source: Los Angeles Times May 12, 2021 10:02 UTC