With or without federal student loan forgiveness, colleges must tackle affordability crisis, experts say

By: | August 9, 2022

The Biden administration has promised to make a decision on student loan forgiveness within weeks, or even days. And yet, college affordability will remain an issue for years to come, experts say.

Increasingly, high school students are rethinking the value of a four-year degree. Many now say it’s just not worth the sky-high cost.

“More and more people are asking ‘is college even worth it?’” said Jason Wingard, the president of Temple University and author of “The College Devaluation Crisis.”

“For 50 or 60 years, it was unquestionable; now, what we’re seeing is a flatline,” he added. “Higher education — for the first time — has to pivot in order to be relevant.”

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