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Senate Republicans introduce plan to tackle student loan debt (thehill.com)

submitted 1 year ago by [email protected] to c/[email protected]

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The GOP package, called the “Lowering Education Costs and Debt Act,” consists of five bills that the senators say will address the root causes of the student debt issue such as the increasing price of college and students taking out loans they can’t afford.

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[–] [email protected] 28 points 1 year ago (2 children)

This does nothing to address one of the most expensive aspects of attending college - room and board. With rent and real estate prices climbing dramatically, this is a huge (>50%) part of the expense of college for those who cannot live at home. Students get loans to help cover that and over four years it adds up to many tens of thousands of dollars.

[–] [email protected] 10 points 1 year ago (1 children)

great point. don’t forget the books tho! that industry needs some reigns put on it and to prevent professors from preventing the use of used books!

[–] [email protected] 10 points 1 year ago

For sure! I’m about to teach a class and am using a really great free textbook from OpenStax. It was really important to me not to increase the financial burden on my students.

[–] [email protected] 6 points 1 year ago

This is very true in my experience. My college expenses were slashed in half when I moved out of the dorm and into a tiny studio apartment across the city from my campus. It also really hurt my ability to study when I was so far from campus. It hurt my studies even moreso when I needed to take on a part time job to try mitigating the costs of my rent. It's a really toxic system, because the parts of cities with universties tend to be the expensive parts of cities.