The Biden administration's student loan repayment moratorium, recently extended for six months, raises questions about fairness and economic implications for taxpayers, particularly those who opted out of higher education.
Despite facing legal challenges, the Biden-Harris administration continues to implement sweeping student loan forgiveness plans, totaling $175 billion, while the underlying issues of college affordability remain unaddressed.
Critics argue that mass loan forgiveness disproportionately burdens the working-class taxpayers, who have avoided college debt, and merely transfers financial responsibility from borrowers to those who chose alternative career paths.
The claimed goal of making higher education accessible does not translate into lower costs, as many institutions may increase tuition in response to governmental financial aid, perpetuating a cycle of financial burden.
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