UW–Madison’s Nicholas Hillman was recently interviewed by Marketplace for a report about the Biden administration’s newest attempt to relieve student debt.
The Marketplace report, headlined “Biden administration tries again to relieve student debt,” looks at President Joe Biden’s debt cancellation plan and discusses the issue of student debt with professionals across the country including Hillman, a professor in the School of Education’s Department of Educational Leadership and Policy Analysis.
Hillman, who also is the director of UW–Madison’s Student Success Through Applied Research (SSTAR) Lab, told Marketplace that fundamental changes are needed to our student debt system. Otherwise, “it’s like it’s groundhog day,” he said.
He noted that while policies are in limbo, so are millions of Americans’ financial futures.
“I think there’s a lot of anxiety among borrowers who are waiting to see when the other shoe is going to drop,” Hillman said.
Most eligible borrowers shouldn’t trust debt relief until it hits their accounts, he argued.
To learn more, check out the full report on Marketplace.