Student Loan Debt, Equity, and Forgiveness

"Student loan forgiveness is a politically fraught business. How do we develop equitable policy in this space," Inside Higher Ed reports.

..."Terry and Jon did a great job of setting the stage for their session on student loan forgiveness. They pointed out that there are currently seven federal student loan programs, 16 repayment options and approximately 45 million borrowers involved. It's a lot to take in. It’s complicated and it seems like the easier to implement policy solutions are also more politically fraught.

On the same Monday as the ACE policy pop-up, Tom Harnisch's morning email included no less than 8 links to reports and mainstream press articles and op-eds about student loans. The first link was to a report from NASFAA - Protecting Borrowers and Advancing Equity. The titles to some of the articles are telling:

  • Biden plunges into the risky politics of student loan debt The Washington Post (Date posted: May 16, 2022)

  • Op-ed: Student Debt Is Crushing. Canceling It for Everyone Is Still a Bad Idea. The New York Times (Date posted: May 14, 2022)

  • Student Loan Borrowers Don’t Deserve ‘Forgiveness.’ They Deserve an Apology. The New York Times (Date posted: May 13, 2022)

For those with time to wade through the recommendations, I recommend the NASFAA report. It focuses on three main areas: student loan servicing, student loan repayment, and student loan default. If this is your thing, it is definitely worth a read."

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.


Publication Date: 5/31/2022

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