[vc_row][vc_column][vc_custom_heading text=”Bryce Ricker
Sophomore – Bristol, Wis.”][vc_column_text]“As the Center for Law and Social Policy has shown, student loan debt is a national crisis which costs the American citizen $1.7 trillion. The price of education has steadily continued to climb over the years while wages have remained stagnant. Research has shown that cancelation would boost the GDP by billions of dollars and add up to 1.5 million new jobs. Doing so would also advance the cause for equality as women hold two thirds of outstanding debt and racial minorities hold higher levels of debt on average despite lower college attendance rates.”
There are, of course, those who believe this solution is ‘unfair’ for those whom have already payed off their college debt. Those who hold this belief, however, should remember that this plan is not meant to be ‘fair.’ It is a targeted strategy meant to bring relief to those who need it most and, quite simply, those who have repaid their debt are not those who need it most.
If anything, Biden has not gone far enough. For many people deep in debt, this $10,000 is a drop in the bucket. In addition, I am well aware that this move comes right before the midterms. Despite the concerns I have with the effectiveness of this measure, I support this small step in the right direction.”[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text=”Zahabia Kanchwala
Freshman – Houston”][vc_column_text]“As the Center for Law and Social Policy has shown, student loan debt is a national crisis which costs the American citizen $1.7 trillion. The price of education has steadily continued to climb over the years while wages have remained stagnant. Research has shown that cancelation would boost the GDP by billions of dollars and add up to 1.5 million new jobs. Doing so would also advance the cause for equality as women hold two thirds of outstanding debt and racial minorities hold higher levels of debt on average despite lower college attendance rates.”
There are, of course, those who believe this solution is ‘unfair’ for those whom have already payed off their college debt. Those who hold this belief, however, should remember that this plan is not meant to be ‘fair.’ It is a targeted strategy meant to bring relief to those who need it most and, quite simply, those who have repaid their debt are not those who need it most.
If anything, Biden has not gone far enough. For many people deep in debt, this $10,000 is a drop in the bucket. In addition, I am well aware that this move comes right before the midterms. Despite the concerns I have with the effectiveness of this measure, I support this small step in the right direction.”[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Navigate back to Reader Takes[/vc_column_text][/vc_column][/vc_row]
