Student loan crisis awaits new generation despite Biden plan


              FILE - With the Founders Library in the background, a young man reads on Howard University campus July 6, 2021, in Washington. For millions of Americans, President Joe Biden’s student loan cancellation offers a life-changing chance to escape the burden of debt. But for future generations of students, it doesn't fix the underlying reason for the crisis: the rising cost of college. (AP Photo/Jacquelyn Martin, File)
            
              FILE - A graduate makes their way to the staging area during the 2021 Mt. Sac graduation at Hilmer Lodge Stadium on the campus of Mt. Sac in Walnut on Friday, June 11, 2021. For millions of Americans, President Joe Biden’s student loan cancellation offers a life-changing chance to escape the burden of debt. But for future generations of students, it doesn't fix the underlying reason for the crisis: the rising cost of college. (Keith Birmingham/The Orange County Register via AP, File)
            
              FILE - New graduates walk into the High Point Solutions Stadium before the start of the Rutgers University graduation ceremony in Piscataway Township, N.J., on May 13, 2018. President Joe Biden’s student loan cancellation offers a life-changing financial break for millions of Americans. But for future students heading to college under the same conditions that created today’s debt, critics say it offers little help. Chief among the causes of today's rising student debt is the cost of college. (AP Photo/Seth Wenig, File)
Student loan crisis awaits new generation despite Biden plan