President Biden’s decision to forgive an additional $45 billion in student loans for public servants is a step in the right direction. But let me be clear: it does not go far enough. The student debt crisis in this country is one of the great moral and economic failures of our time. Millions of Americans—young people, working families, and seniors—are drowning in debt simply because they wanted to get an education. That is unacceptable. In the 1970s, a student could go to college, work a part-time job, and graduate with little to no debt. Today, that is nearly impossible. Over the last 40 years, the cost of higher education has skyrocketed, while wages have stagnated. Students are graduating with tens of thousands of dollars in debt, and they’re paying off loans for decades. This is outrageous. Higher education has gone from being a path to opportunity to a trap of financial ruin for too many. Meanwhile, universities have become bloated with administrative...
A Progressive Viewpoint concerns progressive topics focusing on current issues such as the 2024 Presidential Election, income inequality, food prices, social justice, universal health care and participatory democreacy.