Federal student loan borrowers can expect “the most affordable student loan plan ever”, Biden said in a video address on Tuesday announcing significant changes to the debt from higher education held by over an eighth of the country.

  • Olgratin_Magmatoe@startrek.website
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    1 year ago

    It can actually end up having the effect of causing tuition to go up.

    When student loans became loans that couldn’t get forgiven, and federal student loans became widely accessible for poor students, tuition prices got jacked up because the universities knew that they could get away with it. I imagine a similar thing will happen here.

    The only true solution is to have free public higher education like the rest of developed nations do.

    • afraid_of_zombies@lemmy.world
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      1 year ago

      The true solution was to not mess with the system we had. Where the state schools were nearly free and debt was easy to discharge. The problem was they made it impossible to discharge.