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The other day, Chairman Joe Biden quoted Harvard since an explanation never to forgive over $10,100 away from student financial obligation. Within the good Feb. sixteen CNN town hall, new President indicated his resistance to many Democrats’ force having upwards in order to $fifty,100000 value of debt relief, arguing which he would not “forgive the debt, brand new huge amounts of bucks out-of personal debt, for folks who have attended Harvard and you can Yale and you may Penn.”
There’s also a low-minimal racial fairness component to the fresh suggested manager step: Black college students try a lot more browsing believe in college loans than simply the light equivalents, and hence might obtain so much more regarding greater government rescue
We discover the fresh President’s shoutout sometime mistaken. According to U. Even better, predicated on high degree pro Draw Kantrowitz, only 0.step three percent out-of federal beginner consumers attended Ivy League universities. It is really not our college student personal debt – however, i however wanted Biden so you’re able to forgive it. Continue reading “S. Service away from Education’s university scorecards, merely about three per cent off undergraduates in the Harvard receive federal money”