Two conservative groups are asking a federal court to block the Biden administration’s plan to cancel $39 billion in student loans for more than 800,000 borrowers.
That would be good, in theory. But I imagine only some colleges will lower. If mom and dad put their house up for collateral, many will still secure massive money, and ivy leagues and similar will probably retain high cost.
I think the real solution in the long term is to lower prices for colleges and universities for all people. Though I have heard some say “well that doesn’t help me, since I already paid for college”, which is the wrong attitude to take for this.
That would be good, in theory. But I imagine only some colleges will lower. If mom and dad put their house up for collateral, many will still secure massive money, and ivy leagues and similar will probably retain high cost.
I think the real solution in the long term is to lower prices for colleges and universities for all people. Though I have heard some say “well that doesn’t help me, since I already paid for college”, which is the wrong attitude to take for this.