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.

  •  ampersandrew   ( @ampersandrew@kbin.social ) 
    12•1 year ago

    These don’t sound terrible, but aren’t the root causes of the student debt problem still being unaddressed?

    • student loans are legally allowed to be usurious (payment plans where your payment isn’t enough to cover interest, and the balance grows)
    • you can’t legally default on student loans; they follow you out of bankruptcy

    Because that’s a potent cocktail for disaster.