Murphy defends Biden student loan handout, admits higher education 'too out of control and too out of reach'

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New Jersey Democratic Gov. Phil Murphy said President Biden's student loan handout benefits more than a million New Jerseyans but recognizes higher education is 'too out of reach.'

Gov. Phil Murphy, D-N.J., assesses President Biden's student loan handout, how the move will impact both students and taxpayers, the impact of COVID school closures and his plan for a COVID-19 review in his state.Gov. Phil Murphy touted the positives of President Biden’s student loan handout Sunday, while also admitting that higher education has gotten"too out of control and too out of reach.

"What can be done, in your view, to address the big picture issue, the underlying issue, the soaring cost of higher education in this country? For example, is it time for an institution like Princeton to tap into its $37 billion-plus endowment to help deserving students?" Emanuel asked. New Jersey Gov. Phil Murphy and Arkansas Gov.

New Jersey Gov. Phil Murphy greets supporters after delivering a victory speech to supporters at Grand Arcade at the Pavilion on November 3, 2021, in Asbury Park, New Jersey. New Jersey Gov. Phil Murphy delivers a victory speech to supporters at Grand Arcade at the Pavilion on November 3, 2021, in Asbury Park, New Jersey.

of our students for this very reason. So, it’s real, we know it. It’s up to us now to close those gaps."CLICK HERE TO GET THE FOX NEWS APP

Source: Education Headlines (educationheadlines.net)

 

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They need a sheet like a label on a can of green beans. It tells you how nutritious it is and all ingredients. The school/lender has to divulge the full cost of degree(including misc.) The average starting salary for that job related to degree. Then amortized payment and terms.

FPM

Lol. He's correct. Who else has done anything. College cost isn't what it use to be and more people are going on their own, which requires more money and loans. It's a kerfuffle that none one has done anything about until now. It's a start. It's not a point of critiscm. He lead.

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