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Crisis in Higher Ed & Why Universities Still Matter
The Ben & Marc Show
The Issue of Student Loan Forgiveness and the Real Problem with College Degrees
The issue of student loan forgiveness creates a contentious debate as it shifts the financial burden to other taxpayers, potentially creating moral hazards and resentment among those who have paid off their debts. Instead of addressing the root problem, which is the lack of value in many college degrees, forgiveness perpetuates a system where degrees do not lead to well-paying jobs. This indicates a broader issue of colleges not delivering on their promise to provide education that translates into lucrative careers, leading to a situation where many students are burdened with debt without commensurate job prospects. This systemic problem of overpriced degrees that do not offer economic returns needs to be tackled to prevent a continuous cycle of debt forgiveness without addressing the underlying issue.
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