Some of our Washington representatives have stated that the Administration’s decision to wipe away debt for six-figure earners goes too far, without actually addressing the root causes of our college affordability crisis.
Potentially forgiving student loans is a controversial topic these days. I’ve weighed in before on the current administration’s proposals and ideas. There are additional financial consequences to this proposal for the borrowers, too.
Although White House officials have debated the forgiveness program internally for more than a year, there doesn’t appear to be any real consensus on the best path forward.