KEY POINTS
  • The Supreme Court has the final say on Biden's student loan forgiveness plan but college affordability will remain an issue for years to come.
  • Initially, legislation aimed at improving college access was followed by cuts in state funding for higher education, which paved the way for significant tuition increases.
  • As college costs have skyrocketed, outpacing inflation and incomes, families are forced to rely on student loans to help cover the tab.

The Supreme Court will have the final say on President Joe Biden's student loan forgiveness plan. And yet, college affordability will remain an issue for years to come.

For decades now, the total cost of both four-year public and four-year private college has skyrocketed, even after accounting for inflation, leaving millions of Americans is debt for their education.