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Chiang, Tom, Jr. – Penn GSE Perspectives on Urban Education, 2022
Obtaining a college degree is positively correlated with gains in socioeconomic mobility. However, college is expensive. Given the importance of college in increasing social mobility, lawmakers have proposed eliminating student debt. Joe Biden, for example, has incorporated eliminating student debt into his presidential campaign promise. While…
Descriptors: College Programs, Student Loan Programs, Loan Repayment, Debt (Financial)