Before there is any potential wide-scale student loan cancellation, opponents want Biden, the U.S. Department of Education and Congress to understand the full implications of any decision for mass student loan forgiveness. While supporters believe wide-scale student loan forgiveness is a no-brainer, long-over-due policy decision that needs to be enacted yesterday, opponents say student loan cancellation, simply put, is bad public policy. Here are some arguments that opponents of mass student loan forgiveness raise:
Sallie Mae Responds on the Mounting Federal Student-Loan Problem
Josh Mitchell’s profile of Al Lord is a compelling look into the making of the federally guaranteed student-loan program that owns 92% of student loans outstanding...