[I]n addition to forgiving up to $20,000 in student debt for Pell recipients, will also cancel up to $10,000 in student loans for individuals making less than $125,000 a year, senior administration officials told reporters on a background call.
… “Every time we increase Pell Grants, the universities increase their tuition,” Stephen Moore, former economic advisor to President Donald Trump, told the DCNF.
Roughly one-third of all undergraduate students received a Pell Grant in the 2019-2020 school year, according to data from the National Center for Education Statistics.
“We spent hundreds and hundreds of billions of dollars subsidizing universities, and they are more expensive today than ever before,” Moore told the DCNF. “The biggest outrage in America right now is the amount of money these universities are charging families” …
The reason colleges are so expensive right now is that the government has subsidized them so heavily, allowing them to increase their tuition, Isabelle Morales, a policy communications specialist with American Tax Reform, told the DCNF….
And if re-elected will boast how they have grown the economy and created more jobs.