Response or Comment
Higher education is a gateway to better employment opportunities, and attending colleges, universities, or trade schools is essential for individuals hoping to pursue a career in specific fields. The cost to attend four-year universities has skyrocketed over the last several decades. Studies indicate that the average cost of tuition, room and board, and fees for an undergraduate degree has nearly tripled from 1980 to 2020. The Federal Reserve estimates that borrowers in the U.S. have accumulated an estimated $1.75 trillion worth of student loan debt. The Biden Administration has sought to address this by canceling billions of dollars in student loan debt.
ONU Institute for Civics and Public Policy; Clayton, Caleb, Aikey, Kennedy; and Trimpey, Hailey, "Student Loan Forgiveness" (2023). Critical Questions. 22. https://digitalcommons.onu.edu/critical_questions/22