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  • After Student-Loan Forgiveness, Mandatory Credentialing Has to Go. It’s time to take college degrees off their legal pedestal.

    09/21/2022 11:09:16 AM PDT · by karpov · 23 replies
    James G. Martin Center for Academic Renewal ^ | September 21, 2022 | Frederick M. Hess
    President Biden recently announced a controversial, half-trillion-dollar student-loan-forgiveness scheme in which his administration would use a minor provision of the post-9/11 HEROES Act to excuse student borrowers from repaying roughly $500 billion in federal taxpayer funds. This regressive, unnecessary, and perverse maneuver promises to steer vast sums to affluent college-goers, even as it encourages colleges to be ever more cavalier about raising tuition and future borrowers to take on additional debt. Biden is sticking taxpayers with a half-trillion-dollar loss in order to subsidize borrowers who’ve decided college wasn’t worth the cost. That’s a pretty damning indictment of higher education. Even...