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Reason
Reason
Andrew Heaton

Heaton Fixes the Student Debt Crisis

Americans are swimming in student loan debt to the tune of about $1.6 trillion dollars. On August 24, President Joe Biden granted forgiveness of up to $20,000 to those who make less than $125,000 per year, although the Supreme Court is currently deciding whether that executive order was unconstitutional. The Congressional Budget Office estimates his plan will cost taxpayers $400 billion.

Andrew Heaton has some concerns.

Photo credits: Bonnie Cash—Pool via CNP/MEGA/RSSIL/Newscom; Cliff Owen—CNP/Newscom; Tom Williams/CQ Roll Call/Newscom; Rod Lamkey—CNP/Newscom

  • Video Editor, Graphics: Meredith Bragg
  • Video Editor, Graphics: Austin Bragg
  • Graphics, Audio Production: John Carter

The post Heaton Fixes the Student Debt Crisis appeared first on Reason.com.

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