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Experts warn of unintended consequences of Biden’s plan to cancel student loan debt Several experts told Fox News Digital that Biden’s plan to cancel student loan debt could create inequality and increase inflation. NEW You can now listen to Fox News articles! Listen to this article 0:00 / 3:36 1X BeyondWords As President Biden considers forgiving student loan debt, there are important factors to consider, including the Official The Queen’s Platinum Jubilee 2022 Crown Flag Shirt in other words I will buy this impact on our military and veterans who earned opportunities to pursue an affordable college education. For most veterans, the choice to join the military was foremost about serving our country. But for many, it was also about receiving benefits to attend college without debt. Earning the GI Bill meant giving up years of their lives, serving in dangerous jobs and situations. The student loan debate is leaving out the impact cancellation will have on the veteran and active-duty community. That’s probably why, in a recent Mission Roll Call poll of 6,202 veterans, 77% opposed student loan forgiveness. BIDEN’S STUDENT LOAN ‘FORGIVENESS’ PLAN IS A RAW DEAL FOR TAXPAYERS College is expensive, and it’s only getting pricier. But since an undergraduate degree — even if unrelated to one’s subsequent career — has become a barrier to entry for most professional career tracks, most prospective students feel like they have no other option. They become saddled with student loans that don’t go away in bankruptcy and can delay important life events like buying a home or having children. Video But there has always been a path to free higher education. For over 80 years, military service and the GI Bill have enabled millions of Americans to pursue college debt-free, or nearly free. Serve in the military, and the federal government will help ensure you have the resources necessary for success without burdensome
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