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University of Pennsylvania Graduate School of Education

Laura Perna expresses support in the “Washington Post” for Biden Administration’s new student loan forgiveness plan

The plan announced on July 14 will eliminate $39 billion in debt for more than 800,000 borrowers.

Date

Jul 13, 2023

Topics

Higher Education

On July 14, the Biden Administration announced a new student loan forgiveness plan to eliminate $39 billion in debt for more than 800,000 borrowers. The announcement comes in the wake of a Supreme Court decision in June rejecting a broader student forgiveness plan.

“Many, many people are going to benefit from this (new plan),” Laura Perna told the Washington Post.

“We essentially have a system right now where, if you want to go to college, many students have to borrow. There’s not a choice,” said Perna, Penn’s Vice Provost for Faculty and a Penn GSE professor. She went on to emphasize the need for a system that minimizes the harm of long-term debt accrued by higher education costs.

Read the full article here.