The Biden administration declared last week that it will maintain the suspension of student loan payments while the White House continues its legal fight to defend the president’s proposal to forgive some of the debt.
Objectors claim that it is unlawful.
Republican leaders, according to White House spokesman Abdullah Hasan, are “standing with special interests, and seeking to stop assistance for borrowers trapped beneath mountains of debt,” but other political experts argue there are good reasons on both sides.
In order to examine these two views, Niall Stanage, a writer and associate editor of The Hill, appeared on NewsNation’s “Rush Hour” on Wednesday.
“Obviously, on the Democratic side — on President Biden’s side,” Stanage added, “it’s the idea that you provide relief to these folks and you really push them to get educated to the best level possible and that that is good for the nation.”
Stanage also discussed the defences of not forgiving student loans.
“Now, the arguments against it include things like the fact that just one in five American adults has any sort of student debt, so you’re only helping them and not the other 45% of the population.
The claim that you are doing nothing to address the skyrocketing cost of tuition is another one. In fact, you might be promoting the idea that future debts will also be (relieve or) eliminate in some manner. So, he added, “There’s also the issue of’moral hazard,’ which is relevant.
To hear Stanage’s analysis on the situation, listen to the remainder of the interview.