No sooner had Biden announced his plan for student loan debt forgiveness – $10,000 for non-Pell grant recipients and $20,000 for Pell Grant recipients – the president of the NAACP was complaining that it should be more than twice as much. At least $50,000.
We have a problem here known popularly as the chicken and the egg.
Do we need to pump a lot of tax money into higher education so students can afford to deal with runaway tuition costs? Or do we have runaway tuition costs because we're pumping billions of taxpayer funds into higher education?
