The Supreme Court rejects Biden's plan to wipe away $400 billion in student loan debt
The Supreme Court rejects Biden's plan to wipe away $400 billion in student loan debt
The Supreme Court rejects Biden's plan to wipe away $400 billion in student loan debt
Yesterday they made higher education less accessible to non-whites, today they made it harder for the poor...
I wonder if there's a pattern here.
Why does this make it harder for the poor to access higher education? A debt forgiveness will make current debtors less burdened but will probably make it more expensive for new applicants. Isn't it the other way around?
Relieving debt for the poor would allow them to spend their money on other things, or save it. Best case scenario, they're able to support their kids' educations and help break the generational cycle of poverty.
Honestly, this decision wouldn't probably impact future college attendees. But, there are other changes coming to federal borrowing that likely will. Income based repayment is being restructured and it's looking pretty good.
However, this will probably hurt the economy. A lot of people are about to hit repayment at a period of high inflation. It's not a great economy. And, if a lot of people decide to ignore their student loan bills a la 2008 financial crisis, were in for a global economic doozy.
Chances are loan forgiveness would push a conversation regarding tuition fees in general, and would ultimately make university free / affordable instead.
Maybe.
Can't believe this was down voted for asking a legitimate question related to the topic. This isn't reddit.
Yes, higher education is now less accessible to non-whites. Which is good, because affirmative action was never a fair solution to the issue and was simply unfair in principle imo. We shouldn't raise the eligibility of people based on their race, college admissions and race should have nothing to do with one another. Class-based affirmative action actually makes sense instead of deciding off race.
I agree with you in theory, but striking down AA without a better solution in place is bad. Don't let perfect be the enemy of good.
Your whole argument could have been just that last sentence and I’d bet you’d have significantly less downvotes.
Although I’m disappointed by the courts decision I do believe class basis is a better measuring stick for AA. That said, I think there would be a pretty close correlation between the people who benefit now and the people who would benefit if the system was based on socioeconomic class.
Jesus H. Christ. Either stop being a racist or learn to organize your thoughts.