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William Elliott III on President Biden’s New Student Loan Forgiveness Program

July 25, 2023

Professor William Elliott III had an in-depth discussion with CBS News Detroit about President Biden’s new student loan forgiveness program. “For those who have received a degree and come out with debt, this is going to strengthen the return on the degree,” he said. “The money they are making from having gone to college will benefit them far more by not having all this debt on them for really years and years — decades even.” 

Elliott also spoke with The Guardian about how student loan debt can affect and delay financial decisions such as owning a home, getting married and starting a family. “You’re not going to achieve a sense of the American dream at a period of your life when it means a lot,” said Elliott.

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