I'd bet a lot against Biden doing anything so sensible as to lower the demand for college credentials, but who knows.
Too bad that the political class is only able to think about debt relief and not the underlying problem.
Congress should develop a new commission to study the current state of student-loan programs, not rush toward a devastating debt jubilee.
Our attitudes toward college debt are, like our attitudes toward higher education itself, in part a culture-war question.
Such an executive order is highly questionable and it would be extremely bad policy.
The Committee for a Responsible Federal Budget has a great breakdown of why this is so.
The Left has intensified its calls for Joe Biden to forgive student debt via executive order.
Bad policy, bad law, bad politics.
Federal student aid is the cause of the upward ratcheting of credential inflation we have had over the last 40-plus years.
We really should get the federal government completely out of college finance, but until such time, Cooper's reforms are good ones.