Stacie Gordon and James Murphy column: Debt cancellation won’t solve higher ed’s core problem

In The News

September 6, 2022

By Stacie Gordon & James Murphy

From The Richmond Times-Dispatch

“President Joe Biden’s recent debt cancellation plan has set the country abuzz, spurring both strong positive and negative reactions.

For supporters, cancellation represents a first step in providing relief to a generation of students more heavily burdened by debt than their predecessors. For critics, it represents an act of federal overreach that is unfair to people who paid off their student loans already and, even more so, to those who never went to college. These debates will continue for many years to come as we wait to see what the effects of the Biden administration’s actions will be.

Whether they support or oppose student debt cancellation, both sides can agree on one point: It does not solve the core problem which led to the loan crisis. College has increasingly become inaccessible and unaffordable for too many Americans. We need to start fixing that problem, so higher education can once again become an engine for social mobility and economic growth.”

Read the full op-ed here.