Justin Haskins: Biden's student loan giveaways – these families, students will be hurt by this scheme
Fox News
The only long-term fix to the student debt crisis is to make college truly more affordable for everyone. Unfortunately, Biden’s plan would not do that.
Although Biden’s plan includes numerous alterations to the current system, the primary parts of his proposal involve forgiving $10,000 of student loan debt, making public colleges tuition-free for families with a household income below $125,000, reducing the amount student federal loan borrowers must make in monthly payments to 5% of disposable income, and making it easier than ever to have student loan debt "canceled." No matter how you slice it, millions of middle-income Americans are going to lose under Biden’s plan. It is undeniably true that each of these policy reforms would provide benefits to some families, but these proposals also come with substantial costs.
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