Student Loan Forgiveness Won’t Solve the $1.3 Trillion Problem

With outstanding student loan debt now exceeding $1.3 trillion, it is no wonder that the sticker price of college tuition has gotten a lot of attention in 2016. Yet few proposals have gotten to the root of the college cost problem. Despite overwhelming evidence that more federal subsidies for higher education increase tuition prices, policies such as “tuition-free” or “debt-free” public college are attracting attention. But such plans do nothing to address price increases and shift more of the financial burden onto taxpayers. Unfortunately, discussions of higher education policy have…

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