28. Why This Loan Forgiveness Plan is a Failure | Capital Adulting
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28. Why This Loan Forgiveness Plan is a Failure | Capital Adulting
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About this listen
From an economic perspective, President Biden's loan forgiveness policy is a complete failure. Yes, student debt has ballooned, but without solving the core issues that led to the crisis in the first place, this plan is simply an expensive band-aid.
Instead, we should tackle:
- Government lending practices
- Rising costs of education
- Financial illiteracy of the 17-18 year old kids making six figure decisions
Without tackling the root problems, we're only jeopardizing future generations of students across the country.
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In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.