Student Loan Forgiveness: Are We Overlooking the Bigger Picture?

Betsy Mayotte, president and founder of The Institute of Student Loan Advisors, wrote in Barron’s that these latest developments are more like a “Band-Aid” and less like a long-term solution to inflated college expenses.

Mayotte believes none of these policies will tackle the real issue and that until lawmakers “take robust action to incentivize the states to reinvest in higher education, educate consumers to prioritize the return on investment in their college-choice decision, and give colleges and universities some skin in the student debt crisis, this issue will only continue to get worse.”

By reinvesting in higher education, Mayotte says college costs — state and private — should go down.