To find out why college is so expensive and why student debt has reached crisis point, we need to dig deep into a maze of factors that ultimately leave the government with a lot to answer for.
Student loan debt forgiveness can be characterized as a regressive policy in that it disproportionately benefits higher income households at the expense of working-class taxpayers who are already struggling. Besides, Biden’s plan does nothing to address the root causes of soaring tuition fees
College construction has focused more on creating non-academic than academic space, and about half of all college space today is for non-academic use.
Making higher education free of charge won’t make it free to provide.