WaPo's Marcus: Biden Loan Plan Will 'Incentivize' Continued Tuition Hikes, Benefits Those Already Getting 'a Pretty Good Return'

3 months ago
AMERICA NEWS NOW

On Friday’s “PBS NewsHour,” Washington Post Deputy Editorial Page Editor and columnist Ruth Marcus said President Joe Biden’s pupil indebtedness cancellation programme volition “incentivize colleges to proceed to rise tuition,” and said that it’s not a omniscient usage of resources to walk wealth connected radical who are “going to get a beauteous bully instrumentality connected concern for those assemblage degrees,” for the astir part.

Marcus stated, “The Washington Post editorial committee overmuch much agreed with Jason Furman and Sen. Thune and David Brooks than with Sen. Warren. Look, is the Biden program amended than the Warren plan? Yes. Is the Biden program amended than the Furman plan? No. It should, arsenic David said, beryllium overmuch much targeted. I would bash it successful a mode that doesn’t incentivize colleges to proceed to rise tuition, that doesn’t let radical similar David’s children and my children to payment from immoderate indebtedness forgiveness, successful a mode that truly concentrates. And I would deliberation much broadly astir something, which is, if we person half-a-trillion, possibly adjacent much than that, to administer among the astir susceptible and deserving members of society, are radical who are investing successful assemblage degrees, and astir of them [are] going to get a beauteous bully instrumentality connected concern for those assemblage degrees, truly wherever we privation to usage that money? That would not beryllium my choice. And I’m atrocious to accidental that due to the fact that I deliberation that this comes from a bully place. It’s conscionable severely executed and doesn’t see our constrained resources.”

Follow Ian Hanchett connected Twitter @IanHanchett

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