- Jun 28, 2004
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I feel similarly.
I wish instead of "student loan forgiveness" we created and improved "loan repayment programs" that would include things like interest-free loans, grants to pay off loans, expanded tax benefits for loans, etc. and also something to address future increases in tuition and to expand need-blind admissions and need-based aid.
A one-time forgiveness plan only addresses part of the problem.
That said, there are others who are more invested in this issue and more knowledgeable, so ultimately I'll trust them to come up with the optimal solution. But it should be based on what'll benefit people the most, correct for economic (and other) inequities, and open up opportunities and not what gets the most reflexive likes on twitter.
The biggest thing to keep in mind is that Biden can do this through EO so he can’t blame Republicans for not getting it done and in this context, any talk about other policy items like more preschool or free community college are red herrings since he cannot do those things through EO. It’s basically a situation where if this is how timid Biden will be with no political obstacles, how weak will he be in an actual negotiation?