Building on the Student Debt Win
President Biden’s decision to cancel student debt—up to $10,000 for those making under $125,000, and an additional $10,000 for Pell Grant recipients—is a game changer.
It will offer desperately needed relief for millions of people; provide long-term economic and societal benefits; and may even reduce inflation, Roosevelt Chief Economist Joseph Stiglitz explains in The Atlantic.
In acknowledging decades of policy failures that fueled intergenerational inequalities and widened the racial wealth gap, it’s “a decisive example of policymaking that directly seeks to repair past mistakes,” Roosevelt’s Suzanne Kahn argues in The Nation.
And it builds major momentum for what we need next: free college.
“Biden took a step toward an approach to higher education that would focus not on the individual rewards but on the social and economic productivity it can generate for our whole society,” Kahn writes.
“To finish the job, we need a free-college policy.”
Learn more in A Progressive Framework for Free College.
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