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— Robert Pollin"Student debt in the US has exploded in the past decade. One of the reason is that the private costs of attending college have risen sharply, with public higher education funding having been cut sharply. Average public funding per student was 15 percent lower in 2015 than in 2008, and 20 percent lower than in 1990. The burden of the public funding cuts has been worsened by the stagnation of average family incomes. By 2014, this figure had nearly doubled, to 35 percent of median household income."
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If I lived where I live right now, and my kids were in middle school, they would be the only white kids in the school. That is not a burden I wanted to place on them. My preference would have been a school that was totally diverse - half and half, or close. I wouldn't have hesitated at all if they would have been in the racial minority. But to be the only white kids: I don't think that would have been fair to them.
— Gene Weingarten
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Virtually all student debt in the US is now held by the federal government. It would therefore be a relatively simple matter to forgive some, if not all of it. This would enable young people to transition much more easily into creating their own households and families. At the same time, if the government is going to enact a major program of student debt forgiveness, it should be at least equally committed to relieving the heavy mortgage debt burdens still carried by tens of millions of non-affluent households in the aftermath of the 2007-09 financial crash and Great Recession.
— Robert Pollin
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