3 steps that would help ‘cure the disease’ of the student-debt crisis according to experts
Published Nov 24, 2022
By Ayelet Sheffey
Biden’s plan to forgive up to $20,000 in student debt for federal borrowers making under $125,000 a year is currently stalled in court, but it’s not the silver bullet experts and advocates are looking for. Regardless of when, or if, the relief hits borrowers’ accounts, some experts say Biden and lawmakers should be looking ahead to more permanent reforms to tackle college affordability.
Mamie Voight, the president and CEO of the Institute for Higher Education Policy (IHEP) — a nonprofit that focuses on success in higher education — told Insider that “the current conversation about the cost of college is a critical one for our country to have.”
“We need long-term solutions to the systemic affordability challenges facing today’s students — solutions like doubling the Pell Grant, increasing state investment in public colleges, and prioritizing need-based financial aid,” she said.
Read the full article at Business Insider.
