Senate Republicans are unveiling their own plan to tackle student debt as the Supreme Court is set to rule soon on President Biden’s student debt relief program. The GOP package, called the “Lower…
The GOP package, called the “Lowering Education Costs and Debt Act,” consists of five bills that the senators say will address the root causes of the student debt issue such as the increasing price of college and students taking out loans they can’t afford.
Sounds good on the face of it but really doesn’t address the mountain of debt most people are in currently. Agreed that schools and deceptive lending practices need to be reigned in, but let’s be real here, this doesn’t really address the root cause of the problem which is runaway costs. As long as people are willing to take the loans out the schools will continue to charge what they want. From what I read it’s just kicking the can down the road and putting the onus on a young student coming out of high school to make the right decision.
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Sounds good on the face of it but really doesn’t address the mountain of debt most people are in currently. Agreed that schools and deceptive lending practices need to be reigned in, but let’s be real here, this doesn’t really address the root cause of the problem which is runaway costs. As long as people are willing to take the loans out the schools will continue to charge what they want. From what I read it’s just kicking the can down the road and putting the onus on a young student coming out of high school to make the right decision.