Biden’s student loan wealth transfer | Opinion
President Joe Biden has delivered on his campaign promise of student loan debt relief with a $300 billion plan that will take money from blue-collar workers and turn it over to white-collar workers.
Meanwhile, there is little discussion of some of the root causes of what’s called the student loan debt crisis. The price of the four-year college degree has spiraled upward at speeds that make our current inflation surge look like a slow roll. Many of these same universities offer an ever-expanding array of majors with dubious economic or academic benefit. Students graduate with degrees in hyper-specialized subjects that don’t evenly apply to the waiting job market. Meanwhile, universities require ever less grounding in common and broadly applicable subjects that once made up the core of a university education.
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