The Student Debt Crisis and Government Money in Education
Days ago the US Supreme Court stopped the President from canceling $400 billion in student loan debt. It seems that in our Republic enough semblance of independent branches of government remains that maybe one man cannot unilaterally make a half trillion dollar decision.
At Oak Hill, I think we should be glad for the court decision. It keeps pressure on colleges and universities to reconsider their great reliance on federal money. As of today, these loans continue to be made to new students. Colleges need to acknowledge that, in addition to burdening more and more students with debt, federal money is also driving their institutions to make decisions in terms of that money. It should also make us think about how K-12 schools should be funded.
Jesse Sumpter, a writer for New Saint Andrews College, says the Court is right to overturn Biden’s proposal because his plan would not actually fix the problem and would lead to other issues that hurt Americans. He says the real proble
Read More · min read · 2023-07-04