Forgiveness Won't Solve the Debt Crisis

Joe Biden dropped a little Christmas present in the punch bowl in late December. He extended the “pause” on student loan payments for another six months. It’s clear Biden remains under pressure to cancel student loan debt, a Democratic white whale.

Whatever happens next will not be the last of this, especially heading into the midterms. Despite Democrats’ ambitions, student loan forgiveness would accomplish little. But major changes in how education is paid for, and what it costs, can lift America into the 21st century.

Read Full Article »