Biden’s close ties to higher education scrutinized after student loan bailout

Published August 30, 2022 12:00am ET



President Joe Biden‘s student loan cancellation program is widely seen as providing financial help for the 43 million people with college debt, but it’s also a major financial boost to the higher education system.

Critics of Biden’s plan say it will further incentivize colleges to raise tuition and encourage future students to take on more debt hoping for future rounds of cancellation — all of which will lead to more money running through America’s higher education system.

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