Opinion: Student Borrowing Is The Symptom. Legally Suspect Degree Requirements Are The Problem.
“President Biden’s $400 billion student loan forgiveness plan highlights the mixed feelings that college borrowers have about the expensive credentials they’ve purchased. Whatever happens with Biden’s plan, all those unhappy borrowers are a symptom of a bigger problem that needs to be addressed. Harvard Business School researchers have documented how “degree inflation” works, with employers demanding degrees for jobs that don’t obviously require one. Employers have increasingly demanded that candidates have degrees even for entry-level positions that don’t have much to do with the skills typically taught in college. Indeed, nearly two-thirds of employers say they’ve rejected applicants with the necessary skills and experience solely due to the lack of a college degree.”