{"id":441028,"date":"2022-05-03T05:52:45","date_gmt":"2022-05-03T02:52:45","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/fix-college-tuition-first-nixing-debt-wont-help-my-son\/"},"modified":"2022-05-03T05:52:45","modified_gmt":"2022-05-03T02:52:45","slug":"fix-college-tuition-first-nixing-debt-wont-help-my-son","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/fix-college-tuition-first-nixing-debt-wont-help-my-son\/","title":{"rendered":"#Fix college tuition first &#8211; Nixing debt won&#8217;t help my son"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a384674891dc\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a384674891dc\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/fix-college-tuition-first-nixing-debt-wont-help-my-son\/#%E2%80%9CFix_college_tuition_first_%E2%80%93_Nixing_debt_wont_help_my_son%E2%80%9D\" >&#8220;Fix college tuition first &#8211; Nixing debt won&#8217;t help my son&#8221;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/fix-college-tuition-first-nixing-debt-wont-help-my-son\/#Who_benefits\" >Who benefits<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/fix-college-tuition-first-nixing-debt-wont-help-my-son\/#Same_old_mistake\" >Same old mistake<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CFix_college_tuition_first_%E2%80%93_Nixing_debt_wont_help_my_son%E2%80%9D\"><\/span>&#8220;Fix college tuition first &#8211; Nixing debt won&#8217;t help my son&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>As a father of a teenager, my major concern about preparing him for a prosperous future is the affordability of college.<\/p>\n<p>Like many parents today, we are hesitant to saddle our children with debt, possibly for decades, due to the cost of tuition. I\u2019ve often wondered how fair would it be for me to advocate for my son to enter adulthood owing $100,000 plus interest.<\/p>\n<p>As the value of higher education has diminished, tuition costs have steadily increased for students across the country. The American Dream of watching your child graduate from college used to signify potential upward mobility. Today it looks more like a side shuffle into dependency as they move back into their parents\u2019 home.<\/p>\n<p>President Biden\u2019s solution to this isn\u2019t a solution at all. He wants to pass on the cost of previous student loans to taxpayers.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/student-debt-642.jpg?w=1024\" alt=\"Joe Biden\" class=\"wp-image-22117839\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/student-debt-642.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/student-debt-642.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/student-debt-642.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Students are not impressed with President Biden\u2019s effort with student debt. <\/figcaption><figcaption><span class=\"credit\">AP\/ Susan Walsh<\/span><\/figcaption><\/figure>\n<p>The administration has framed this as a move of economic fairness. It wants to convince Americans that transitioning the financial burden onto taxpayers is the righteous path forward.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Who_benefits\"><\/span>Who benefits<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>What they aren\u2019t telling you is that such a move would benefit the people who have the highest likelihood of repaying their debt; the upper-middle class and elite. A 2021 study by economists at the University of Pennsylvania and the University of Chicago found that debt cancellation would benefit the top decile as much as the bottom three deciles combined.<\/p>\n<p>I can\u2019t help but notice how the conversation of \u201cforgiveness\u201d has been mainly driven by progressive and liberal elites. They tell the less-common stories of struggles by the collegiate \u201cunderclass,\u201d though it\u2019s really an argument to absolve their children\u2019s debt.<\/p>\n<p>To the average skeptic, the parallels to the 2008 Wall Street bailouts are many. Americans were rightfully upset that banks were thrown taxpayer money even though the firms were to blame.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/student-debt-641.jpg?w=1024\" alt=\"Biden sign\" class=\"wp-image-22117838\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/student-debt-641.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/student-debt-641.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/student-debt-641.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Biden used student loan forgiveness as one of his campaign platforms, but has not made major steps to handling it. <\/figcaption><figcaption><span class=\"credit\">AP\/Evan Vucci<\/span><\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/student-debt-643.jpg?w=1024\" alt=\"Graduation\" class=\"wp-image-22117840\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/student-debt-643.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/student-debt-643.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/student-debt-643.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>College tuition has increased across the country, making it harder for students to attend. <\/figcaption><figcaption><span class=\"credit\">In Pictures via Getty Images<\/span><\/figcaption><\/figure>\n<p>While Wall Street walked away unscathed from the Great Recession, state funding took a hit, and many responded by cutting money for colleges \u2014 putting even more of a financial burden on students.<\/p>\n<p>A study done by the Center on Budget and Policy Priorities found that nationwide cuts made by state governments after the crash are one of the main reasons for surging college costs.<\/p>\n<p>Between 2008 and 2018, 41 states spent less per student, and on the dramatic end of the cuts, six of these states cut funding by more than 30%. This, in turn, fueled a class divide. The poor couldn\u2019t afford tuition; those admitted are either wealthy enough to sustain the costs or optimistic risk-takers crossing their fingers hoping it all works out in their favor.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"641\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/Screen-Shot-1401-02-12-at-23.34.39.png?w=1024\" alt=\"A study showed that nationwide cuts made by state governments after the crash are one of the main reasons for surging college costs.\" class=\"wp-image-22118128\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/Screen-Shot-1401-02-12-at-23.34.39.png 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/Screen-Shot-1401-02-12-at-23.34.39.png?w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>A study showed that nationwide cuts made by state governments after the crash are one of the main reasons for surging college costs.<\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Same_old_mistake\"><\/span>Same old mistake<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If you forgive this debt without any other stipulations to decrease student tuition, you\u2019re making the same mistake all over again: rewarding the elite, making the rest of us pay, and not doing anything to fix the problem. It is a superficial political win for the administration, not a preventative measure.<\/p>\n<p>Meanwhile, my son still faces the same Faustian bargain \u2014 taking out sky-high loans with the promise of a better career. But if he takes on debt, will his generation get the same break?<\/p>\n<p>Adam Coleman is the author of \u201cBlack Victim to Black Victor\u201d and founder of Wrong Speak Publishing.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/student-debt-648.jpg?w=1024\" alt=\"CUNY students\" class=\"wp-image-22117842\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/student-debt-648.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/student-debt-648.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/student-debt-648.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>CUNY students are protesting to increase public funding.  <\/figcaption><figcaption><span class=\"credit\">LightRocket via Getty Images\/Erik McGregor<\/span><\/figcaption><\/figure>\n<\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/05\/02\/fix-college-tuition-first-nixing-debt-wont-help-my-son\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Fix college tuition first &#8211; Nixing debt won&#8217;t help my son&#8221; As a father of a teenager, my major concern about preparing him for a prosperous future is the affordability of college. Like many parents today, we are hesitant to saddle our children with debt, possibly for decades, due to the cost of tuition. I\u2019ve&#8230;<\/p>\n","protected":false},"author":1,"featured_media":441029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/student-debt-index.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[128735,71522,71442,72134,80241],"class_list":["post-441028","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-5-2-22","tag-college-tuition","tag-colleges","tag-debt","tag-student-loans"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/441028","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=441028"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/441028\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/441029"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=441028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=441028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=441028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}