PERSPECTIVE: NY Times Editorial Board’s Cogent Argument about Student Debt

“An across-the-board cancellation would be tremendously regressive, according to an analysis by the Brookings Institution. Higher-income households hold most debt, so any amount of universal forgiveness will benefit them disproportionately. In fact, the growth of student debt for graduate school — held by students whose degrees will offer them the greatest future earning potential — is a major driver of overall student debt. Graduate students account for some 37 percent of all federal student debt, and there is a lucrative return on investment for getting certain advanced degrees.” Read the full editorial here.

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