Now that SCOTUS has gutted Biden’s plan to reduce student debt, what next?
The proposed graduate tax will see students paying between $4,500 – $18,000 for courses. But the graduate tax will hit ex-students on lower incomes much more heavily because it is a regressive tax. All students, rich or poor, will have to pay back the same. The total debt is not linked in any way to income but is based on a standard fee for the type of course undertaken.