Reported 13 days ago
While the Biden administration has forgiven $175 billion in student loans, $1.6 trillion remains unpaid by borrowers. Kamal Bhatia, CEO of Principal Asset Management, discusses the potential long-term economic benefits of improving college affordability and enrollment rates. An increase in higher education participation by just 7% could potentially boost per capita GDP by 10% over five years, highlighting the stark contrast in higher education costs between the US and the rest of the world.
Source: YAHOO