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Crisis in Higher Ed & Why Universities Still Matter
The Ben & Marc Show
Debate on College Degrees and Student Debt Forgiveness
The American polity is divided on the issue of using tax money to forgive student debt for non-productive degrees. There is a concern about the moral hazard issue, where people who paid off their student debt feel unfairly treated if others receive forgiveness. This issue has become a potent political debate that questions the value of degrees and institutions in generating graduates who can command market wages. The conversation suggests that forgiveness of student debt only addresses the symptoms and not the real issue, which is the perceived lack of value in many college degrees for a large portion of the population.
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