Limits of Biden plan to cancel student debt – Axios AM

Student debt is stopping millions of Americans from buying homes, buying cars and starting families — and the crisis is rapidly getting worse, Axios @Work author Erica Pandey writes:

Student debt — which stands at $1.55 trillion — is the biggest category of debt Americans owe, aside from mortgages.

On top of that, the cost of college and graduate school is skyrocketing. As a result, young people are borrowing sums of money they can’t possibly repay — and many are using that money to pursue degrees at online or for-profit colleges with higher than average dropout rates.

In the Harris Poll survey, 78% support putting restrictions on the price of a university education. And 59% support no tuition at public universities.

Axios AM