President Joe Biden’s plan for mass student loan debt relief may be a bust, but the attempt to wipe billions in education-related debt was an acknowledgment: The way the U.S. pays for higher education is not working.
Why else would nearly $400 billion in student loan debt relief be necessary? Biden himself stated in announcing his plan that an “entire generation is now saddled with unsustainable debt in exchange for an attempt, at least, at a college degree.”
