Now that we know that student loan payments will be suspended until next January, two questions remain: Will payments be suspended again (or again and again and again)? If the suspension is lifted, how will students begin to repay after such a long hiatus?
There are at least two answers: First, forgive all the debt and forget about it. Or second, find new resources to inject into the student loan system to reduce the burden on students.
It seems everyone has an opinion on debt forgiveness from equity to moral hazard concerns but few have tried to find more money. Its been hiding right in front of us: Americas employers.
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When students invest in their education, their future employers benefit. Yet, in assigning the costs o…
Read the full article at: https://thehill.com/opinion/education/566876-why-american-employers-should-help-pay-for-student-debt