Episode 53: President Joe Biden said his administration plans to forgive up to $10,000 in federal student loan debt for anyone who earns less than $125,000 a year. People who went to college on Pell grants can have up to $20,000 forgiven. Hosts Rick Kyte and Scott Rada debate this significant and expensive policy, and what it means about fairness and the structural funding problems in higher education.
Links to stories discussed during the podcast:
Does student loan forgiveness promote equity?, The Ethical Life podcast (February 2021)
Analysis: Biden’s student loan forgiveness may erase savings of climate, drugs law, by David Lawder, Reuters
Student loan cancellation: Congress proposes 0% interest rates for student loans, Zack Friedman, Forbes
Who owes the most in student loans: New data from the Fed, Sandy Baum and Adam Looney, Brookings Institute
About the hosts: Scott Rada is social media manager with Lee Enterprises, and Richard Kyte is the director of the D.B. Reinhart Institute for Ethics in Leadership at Viterbo University in La Crosse, Wis.
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